Harvard Business Review

MAY 2, 2018

It first influenced business decades ago, through the development of an unmistakably hard skill that senior managers must master: strategic planning. Leaders today would be wise to learn from the past and to view strategic planning and mindfulness together. Before explaining why, though, a bit of history.

Scenario Planning 12

Scenario Planning Strategic Planning Kleiner Management 12

N2Growth Blog

DECEMBER 16, 2023

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. The company prioritizes performance optimization through streamlined supply chains, cost management, and a strong focus on sustainability.

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Compliance Efficiency Ethics Metrics 235

Harvard Business Review

AUGUST 13, 2012

A terrorist incident, a breakdown of the London rail system, power blackouts, volcanic ash clouds , flooding, an outbreak of infectious disease—the London organizing committee (LOCOG) and the International Olympic Committee (IOC) spent years thinking about every scenario they could imagine.

Risk Management 15

Risk Management Management Committee Insurance 15

Harvard Business Review

OCTOBER 6, 2014

In health care, these tools are changing the way doctors identify people at risk of developing certain diseases; in fashion, they crunch purchasing data to anticipate trends; sales and marketing experts use them to tailor ad campaigns. This isn’t a retread of scientific management , nor is it an updated take on scenario planning.

Strategy 11

Strategy Scenario Planning Scientific Management Supply Chain 11

Harvard Business Review

OCTOBER 6, 2014

In health care, these tools are changing the way doctors identify people at risk of developing certain diseases; in fashion, they crunch purchasing data to anticipate trends; sales and marketing experts use them to tailor ad campaigns. This isn’t a retread of scientific management , nor is it an updated take on scenario planning.

Strategy 8

Strategy Scenario Planning Scientific Management Supply Chain 8

Harvard Business Review

NOVEMBER 1, 2011

For example, sometimes when a senior manager makes a request, it causes a cascade of activity that is far beyond what she intended. To minimize their negative impact, there are two steps that managers can take: Plan ahead (as much as you can). Author's Note: My colleague Holly Newman contributed ideas and research for this post.

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Airlines Supply Chain Scenario Planning Travel 12

Center for Creative Leadership

JUNE 22, 2020

Carefully developed long term plans can become obsolete overnight as we face futures that are undeniably different than what we anticipated. To think strategically is the ability to prioritize and manage paradox given the complex relationship between the organization and its market ecosystem.? Think strategically.

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Leadership How To Long-term Short-term 106

Harvard Business Review

MARCH 23, 2011

Old efficiency thinking based on engineering and rational market models needs to be replaced by a creative intelligence based on imagining, building and managing new futures. These firsts-of-their-kind developments require unprecedented degrees of creativity.". Bruce Nussbaum is a member of the Council on Foreign Relations.

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Uncertainty Supply Chain Scenario Planning Sharpe 14

Harvard Business Review

APRIL 3, 2015

By using the technology to play the role of customer, investor, product developer, factory worker, and so on — making the kinds of choices they must make — board members could see the business (somewhat literally) from various stakeholders’ vantage points. (Some headsets really immerse you in the experience.)

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Scenario Planning Tools Technology Compliance 8

Harvard Business Review

NOVEMBER 8, 2018

But that technology is still in its early stages, and as it develops you can be sure that bad actors will be working on ways to defeat it. In addition, companies must begin to factor deep fakes and other reality-distortion techniques into their crisis-scenario planning.

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Reputation Company Video Crisis 10

Harvard Business Review

MAY 29, 2017

and European elections, to management of the Syrian War, it’s clear that relations between the West and Russia have become increasingly hostile. But based on the experience and strategies of our clients, there are ways that they can manage the uncertainty. Jennifer Maravillas for HBR. that could influence the economy (e.g.

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Policies Supply Chain Politics Operations 8

Harvard Business Review

AUGUST 23, 2013

It''s the rare CIO who applies scenario planning to the business of IT. Yet, in a function driven by innovation and the uncertainties surrounding the application and implication of future technologies, not using scenarios is tantamount to management malpractice. IT management' IT Doesn''t Matter (to CEOs).

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Scenario Planning CIO Planning Uncertainty 8

Harvard Business Review

MARCH 28, 2017

Read more from Korn Ferry: How to Develop Leaders Who Can Drive Strategic Change. Agile businesses run planning and execution in parallel, investing in scenario planning so they can act promptly when opportunities arise. But for traditional firms, they’re a whole new world. They are also prepared to take risks.

Organization 8

Organization SPM Content Agility 8

Harvard Business Review

MAY 2, 2016

But it’s also possible to build mindfulness directly into planning exercises. One of us recently had the opportunity to test the concept of mindful strategy with a group of middle managers and senior executives from the legal, advertising, finance, and non-profit sectors in the Bay Area.

Strategy 8

Strategy Goleman Strategic Planning Parcell 8

Harvard Business Review

JANUARY 31, 2013

First we see major shifts in demand: developing economies such as China and India are morphing from the world's source of low-cost manufacturing capacity to the world's best market opportunities. They will not, it must be noted, alter how the role of manufacturing evolves as economies develop.

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Globalization Supply Chain Pharmaceuticals McKinsey 9

Harvard Business Review

SEPTEMBER 5, 2013

Scenario planning is as essential for strategy formulation as it is for the design of next generation technologies and industries. Thinking in terms of scenarios forces people to rigorously examine fundamental assumptions and unexpected risks. Fantasy Sports Competition. Comparative Coding.

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Class Education Supply Chain Sports 9

Strategy Driven

OCTOBER 25, 2013

Crisis management is so much more than handling of the media. Business development. We therefore mounted a full-scope crisis management initiative that focused heavily on after-the-crisis help for the victims and their families. The process of strategy development is not esoteric. Next comes Crisis Planning.

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Crisis Management Crisis Risk Management Budgeting 73

Harvard Business Review

SEPTEMBER 9, 2015

Companies should anticipate this trend and start developing “value pricing” and less expensive products. Demand forecasting may become more challenging as demand patterns change, and companies may be advised to look into forecasting methods based on scenario planning rather than historical patterns.

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Supply Chain Retail Crisis Operations 8

Strategy Driven

NOVEMBER 2, 2012

Business development. Questions to follow in Budgeting as part of Strategic Planning and Visioning processes include: Does this process increase your accountability to funding sources and to the public? Are budgeting measures used to manage performance? Is the performance management system focused upon outcomes?

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Strategic Planning Budgeting Planning Competitive Advantage 64

Harvard Business Review

JULY 10, 2014

The product of an MIT CTL research initiative called Future Freight Flows, it is a method of convening conversations and achieving alignment, based on the practice of scenario planning. This makes scenario planning an effective approach for long-range freight transportation planning.

Planning 8

Planning Scenario Planning Transportation Workshop 8

Harvard Business Review

MAY 15, 2018

The sooner firms have a Brexit plan, the faster they can focus on managing these competitive dynamics. How to Plan for Brexit. Understand possible scenarios. After this, the firm should decide which scenarios it believes are the most likely to occur and are most threatening to the business.

Planning 8

Planning Supply Chain Strategic Planning Workshop 8

Harvard Business Review

OCTOBER 31, 2016

Originating from agile software development, the sprint has entered the business mainstream as an increasingly popular means to accelerate business model, product, or service innovation. But the sprint format isn’t just for development and design anymore. Can you run fast and go deep at the same time?

Agility 8

Agility Strategy Short-term Long-term 8

Harvard Business Review

FEBRUARY 14, 2011

Developments in the Middle East — first the removal of long-time Tunisian President Zine el-Abidine Ben Ali in January 2011 and now Hosni Mubarak's stepping down in Egypt — suggest that authoritarian regimes in the region are not immune to "people power."

Strategy 13

Strategy Politics Short-term Long-term 13

Strategy Driven

JANUARY 8, 2019

It’s about coming up with possible scenarios for the future given these developments. Futurists use tools that systematize these recommendations including scenario planning, environmental scanning, Delphi surveying, and individual software programs like Fibres, Futures Platform, and Athena.

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Flextime How To Scenario Planning Consultative 74

Harvard Business Review

JUNE 7, 2017

Similarly, directors of power companies need to understand how advances in energy storage and information technology will accelerate development of micro-grids and the decentralization of the electric grid.

Tips 8

Tips Supply Chain Proposal Decentralization 8

Harvard Business Review

JUNE 20, 2017

While consumer spending has proven resilient, with same-store retail sales rising 6% YOY in April , most multinational corporations are developing contingency plans to mitigate risks to their businesses and reassessing the country’s role in their global market portfolio and supply chains. Renegotiating NAFTA.

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Supply Chain Depreciation Uncertainty Marketing 8