Leading Blog

NOVEMBER 23, 2018

But Franklin recommended an important final step in this process. 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.” We are all familiar with Benjamin Franklin’s two-column method.

Cost-Benefit Analysis 285

Cost-Benefit Analysis Scenario Planning Storytelling Objective 285

Harvard Business Review

OCTOBER 6, 2014

Consider, for example, the work that Apple is doing with Epic (an electronic health record provider for hospitals and large medical groups). This isn’t a retread of scientific management , nor is it an updated take on scenario planning. The definition of a market, customer, partner, or even competitor is now a moving target.

Strategy 10

Strategy Scenario Planning Scientific Management Supply Chain 10

Harvard Business Review

OCTOBER 6, 2014

Consider, for example, the work that Apple is doing with Epic (an electronic health record provider for hospitals and large medical groups). This isn’t a retread of scientific management , nor is it an updated take on scenario planning. We can connect insights and execution at a pace never before possible.

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. One way to reinforce this assumption is to engage in scenario planning before pulling the trigger, preferably by engaging people who will be affected by the change.

Airlines 12

Airlines Supply Chain Scenario Planning Travel 12

Harvard Business Review

AUGUST 13, 2012

Long timelines mean greater vulnerability to emerging risks—that is, dangers with a large potential impact that are not well understood or easily quantified, or which emerge as the unanticipated result of disparate causal processes interacting.

Risk Management 15

Risk Management Management Committee Insurance 15

Harvard Business Review

MAY 14, 2013

They''re a keystone of what we call a "future-back" approach to strategy, which unlike the "present forward" nature of most strategic-planning processes, doesn''t operate under the assumption that tomorrow will be pretty much like today, and the day after pretty much more of the same. Take the driverless car, for example.

Scenario Planning 8

Scenario Planning Consensus Strategic Planning Innovation 8

Harvard Business Review

MAY 29, 2017

For example, in 2014, at the onset of the sharp deterioration in U.S.-Russian In many cases, people have to bear more costs directly – for example to pay for more of their own healthcare – which also limits their spending power. ” Similarly, hours after the U.S. further sanctions, oil price drop, protests, etc.)

Policies 8

Policies Supply Chain Politics Operations 8

Harvard Business Review

APRIL 3, 2015

Examples include collaboration platforms such as MeetX , Virtualboardroom , Diligent , and Boardpad.) It would be an antidote to the insularity that so many boards are criticized for, and a useful complement to the simulations and war-game tools that help with scenario planning and anticipating competitors’ moves.

Scenario Planning 8

Scenario Planning Tools Technology Compliance 8

Harvard Business Review

MAY 2, 2016

Practically speaking, can organizational leaders integrate mindfulness practices into strategic planning processes? Google’s Chade-Meng Tan , has developed dozens of such workplace meditation modules that could fit neatly into planning retreats. “In that space is our power to choose our response.

Strategy 8

Strategy Goleman Strategic Planning Parcell 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. Scenarios and Innovation.

Scenario Planning 8

Scenario Planning CIO Planning Uncertainty 8

Harvard Business Review

JANUARY 31, 2013

McKinsey has identified more than 20 distinct submarkets in China, for example. We see advances in materials, processes, and information technology that will make possible entirely new kinds of products and can radically alter how manufacturers operate. Innovations Are Changing The Way We Design Products.

Globalization 8

Globalization Supply Chain Pharmaceuticals McKinsey 8

Harvard Business Review

JULY 10, 2014

But in terms of their objectives and planning horizons, there is often a yawning gap between these private and public sector players. It is not hard to see why the two sides find it challenging to confer about infrastructure needs – much less participate in each other’s planning processes.

Planning 8

Planning Scenario Planning Transportation Workshop 8

Harvard Business Review

OCTOBER 31, 2016

Sprints break an otherwise long, complex process into sizable, achievable chunks that can be accomplished at greater speed. Designed as a thoughtful multistakeholder process, strategy has long been the domain of careful deliberation based on a maximum amount of information. Making strategy doesn’t have to be a slow process.

Agility 8

Agility Strategy Short-term Long-term 8

Harvard Business Review

MAY 15, 2018

Waiting for perfect information to start planning is a risky approach because sufficient clarity may come too late, if at all, to take crucial action. For example, adjusting supply chains can take up to nine months or longer depending on internal and external constraints. We recommend a six-step process: 1.

Planning 8

Planning Supply Chain Strategic Planning Workshop 8

Harvard Business Review

FEBRUARY 14, 2011

Instead, managers should develop their strategic responses to political transitions using a four-step process: First, managers need to develop transition scenarios for the countries in which operate — even relating to the unlikely or low-probability events.

Strategy 13

Strategy Politics Short-term Long-term 13

Harvard Business Review

JUNE 7, 2017

This transformation will not be easy, and we expect that while a number of companies will be able to adapt and grow their market share, others will go out of business in the process or shrink significantly. Boards will have to demonstrate competence at monitoring the organization’s transformation process.

Tips 8

Tips Supply Chain Proposal Decentralization 8

Harvard Business Review

JUNE 20, 2017

With the confirmation of Robert Lighthizer as United States trade representative, the long-delayed start of the formal process to begin renegotiation of NAFTA with Canada and Mexico can move forward. Congress of its intent to begin the process. Indeed, on May 18 the Trump administration notified the U.S.

Supply Chain 8

Supply Chain Depreciation Uncertainty Marketing 8