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‘Tis the Season of Prophecies, Forecasts, and Predictions

The Practical Leader

‘Tis the season for futurists, forecasters, and analysts to line up with seers, fortune tellers, and prophets to earnestly foretell what 2013 has in store for us. Harvard Business School professor, James Heskett, poses the right question in his blog Should Managers Bother Listening to Predictions? He ends with, “given our inability to predict, should managers bother to base plans on predictions?” So what should leaders do about planning for the future?