article thumbnail

Scenario Planning vs. Forecasting: 6 Questions to Ask to Prepare for a Post-Pandemic Future

Leading Blog

There is often confusion between scenario planning and forecasting, with the terms used interchangeably and inconsistently. Scenario planning is focused on the future and involves defining different stories behind different paths that will lead to that future.

article thumbnail

Crisis Management in the Digital Age: Lessons for 2024’s Unpredictable Economy

N2Growth Blog

There is friction between globalization and regional autonomy, a conflict between the desire for sustainability and the lure of rapid development, ongoing political uncertainties, and the ever-increasing impact of digital technology. Yet, the rapid pace of technological evolution also embodies potent challenges.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Use GenAI to Improve Scenario Planning

Harvard Business Review

Generative AI can help organizations overcome inherent shortcomings in conventional processes for performing contingency scenario planning. This article explores how the technology can do that and provides an example: a simulation that the authors conducted.

article thumbnail

8 Proven Strategies to Effectively Mitigate AI Risks in Leadership

Lead from Within

Investing in Continuous Learning Programs to Stay Current with AI Trends AI technology evolves rapidly, and staying current with its developments is essential. Using Scenario Planning to Prepare for AI-Driven Disruptions Scenario planning involves anticipating potential AI-driven disruptions and developing strategies to address them.

Strategy 121
article thumbnail

5 Ways Artificial Intelligence Can Improve Your Decision Making

Lead from Within

This innovative technology processes vast amounts of data at speeds incomprehensible to the human brain, providing insights that were once unattainable. By forecasting potential outcomes and scenarios, you can proactively adapt your strategies and make decisions that position your organization for success.

article thumbnail

How Can AI Be Used To Improve Leadership Development Programs

Lead from Within

Succession Planning and Scenario Planning AI can help organizations model various succession planning and talent management scenarios, stress-testing leadership bench strength and identifying potential gaps. Leverage AI to empower your next generation of leaders. #1

article thumbnail

Board Performance Optimization: Beyond Compliance Towards Excellence

N2Growth Blog

The concept delves more deeply than mere regulatory compliance, stretching towards a proactive approach that involves risk anticipation, scenario planning, and sound decision-making processes. Implementing new strategies driven by advanced technology contributes significantly to organizational efficiency and effectiveness.