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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.

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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.

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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. It’s an approach that futurist April Rinne believes can equally be applied to our careers.

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Exploring Alternate Futures Can Help Identify Future Leaders

N2Growth Blog

In their annual survey on the management and planning tools used by thousands of companies around the world, Bain and Company show a consistent and deserved popularity of scenario planning. Those who know scenario planning know that its value isn’t in “predicting the future.” Some companies do.

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4 Steps To Become An Aware Leader

The Horizons Tracker

Moore and Bazerman cite the example of game theory as a good way to test out how situations may unfold but you might also use things like scenario planning or red teaming to better imagine various different futures and the things that contribute to their unfolding.

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How to Become a Master Persuasive Storyteller

Skip Prichard

Would you share one of your many examples of putting it in action? In the depths of the COVID-19 lockdown, executives at Salesforce developed a long-term scenario-planning tool to help enterprise customers rediscover their decision-making confidence in a world turned upside down.

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Mindfulness as a Management Technique Goes Back to at Least the 1970s

Harvard Business Review

Through his unique lens, he came to create what we know as scenario planning — a widely used strategic planning practice that now spans all sectors. An HBR contributor, he wrote two seminal articles about Shell and scenario planning in 1985. Planning well, in his estimation, required “training the mind.”