article thumbnail

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

Leading Blog

A S WE finally start to see the light at the end of the tunnel of the catastrophic COVID-19 pandemic, many business leaders are looking for ways to better anticipate future disruptions and prepare for uncertainty ahead. There is often confusion between scenario planning and forecasting, with the terms used interchangeably and inconsistently.

article thumbnail

How to Navigate a BANI World: A Leadership Playbook for Turbulent Times

Next Level Blog

Shared purpose and vision provides stability and direction in the face of uncertainty and the conflict that can come with it. Implement a Scenario Planning Process : Raise your level of preparedness through regular scenario planning sessions to map out various possible outcomes based on current trends and uncertainties.

Insiders

Sign Up for our Newsletter

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

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. Engaging in risk management and scenario planning is also paramount.

article thumbnail

Uncharted: How to Navigate the Future

Leading Blog

Different from experiments that “reveal immediate internal features of a complex system, scenarios explore where the internal organization meets the external environment, where uncertainties lurk beyond anyone’s control.”. Scenario planning always surfaces conflict and there is always a moment when everything seems to fall apart.

How To 431
article thumbnail

Scenario Mapping Your Life

The Horizons Tracker

Scenario planning was first popularized by Herman Khan in the 1950s at the RAND corporation as a way to describe the future by outlining various ways in which it could potentially unfold. ” Scenarios of your life. . ” Scenarios of your life.

article thumbnail

Farsighted: How We Make the Decisions That Matter the Most

Leading Blog

Engaging in scenario planning or gaming is not to make accurate predictions, but “the very act of trying to imagine alternatives to the conventional view helps you perceive your options more clearly.” The better approach, I believe, is to accept uncertainty, try to understand it, and make it part of our reasoning.”.

article thumbnail

Crisis Management: The Ultimate Test of a Leader | In the CEO.

In the CEO Afterlife

In a time of chaos and uncertainty, he established himself as a courageous leader by calming, consoling and urging the public to return to their normal lives; this was how Americans could stand up to the terrorists. On that tragic day in September, Mayor Giuliani had little time to react to the horror. this was how to deny them their goal.