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

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

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. A classic example is Google, which has continuously exemplified high-functioning governance and performance optimization.

article thumbnail

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.”

article thumbnail

Create a Strategy That Anticipates and Learns

Harvard Business Review

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.

article thumbnail

Create a Strategy That Anticipates and Learns

Harvard Business Review

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.

article thumbnail

What a Good Moonshot Is Really For

Harvard Business Review

At the heart of the future-back process is a consensus view of your company''s desired future state.This isn''t scenario planning, where you consider a range of possibilities. Take the driverless car, for example. But in turbulent times, these approaches can lead companies to miss critical market inflection points.