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. As an essential prerequisite, compliance demonstrates a commitment to adherence and propriety.

article thumbnail

Create a Strategy That Anticipates and Learns

Harvard Business Review

This isn’t a retread of scientific management , nor is it an updated take on scenario planning. Scientific management and scenario planning, while forward-thinking, rely on information that’s in the rear view mirror. It’s an entirely different animal.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Overcome Strategic Leadership Challenges

Center for Creative Leadership

Strategic leadership will not happen unless everyone is onboard and moving in the same direction, committed to the survival of the whole. Rather than waiting to be caught by surprise, they revel in scenario planning, learning about future trends, and imagining how they can influence the world to their advantage.

article thumbnail

Create a Strategy That Anticipates and Learns

Harvard Business Review

This isn’t a retread of scientific management , nor is it an updated take on scenario planning. Scientific management and scenario planning, while forward-thinking, rely on information that’s in the rear view mirror. It’s an entirely different animal.

article thumbnail

What a Good Moonshot Is Really For

Harvard Business Review

Kennedy captured the world''s imagination when he said, "This nation should commit itself to achieving the goal, before the decade is out, of landing a man on the moon and returning him safely to the Earth." More than 50 years ago, U.S. President John F.

article thumbnail

Navigating the Complexities of Doing Business in Russia

Harvard Business Review

At the same time, multinationals are feeling pressured by the state to demonstrate their commitment to the market by further localizing their supply chain, labor, brand, and production. These can be laid out in scenario plans with specific mitigation actions assigned to help businesses react quickly if necessary.

article thumbnail

The Big Picture of Business: Putting Budgeting Into Perspective, The Bigger Picture of Strategic Planning

Strategy Driven

Have you done scenario planning of measures beyond your immediate control, i.e. external factors which profoundly impact your livelihood? 7 Steps Toward Getting Budgets Accepted More Readily: Commitment toward strategic planning for your function-department-company. How do you handle crisis management and preparedness?