article thumbnail

Business Model Generation : Blog | Executive Coaching | CO2 Partners

CO2

The Empathy Map looks like this: In this chapter the authors walk you through processes to arrive a enhanced design like Customer Insights, ideation, providing an introduction to the value of visual thinking, how to use prototyping, story telling, and Scenario Planning.

article thumbnail

The Potential and Pitfalls of Doing Business in Cuba

Harvard Business Review

It uses two currencies, the convertible Peso (CUP) valued on par with the dollar and fully tradeable, and the Cuban Peso (CUC) valued at a rate of 24:1 with the dollar, which creates severe constraints for the development of Cuba’s export sector.

GDP 8
Insiders

Sign Up for our Newsletter

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

article thumbnail

Six Classes Your Employer Wishes You Could Take

Harvard Business Review

Scenario planning is as essential for strategy formulation as it is for the design of next generation technologies and industries. Thinking in terms of scenarios forces people to rigorously examine fundamental assumptions and unexpected risks. Luck matters but so do the data-driven odds.

Class 9
article thumbnail

An Exercise to Get Your Team Thinking Differently About the Future

Harvard Business Review

A way around this fallacy, we’ve found, is a speed-dating version of scenario planning, one that takes hours rather than months. Obviously, a brief workshop like this one shouldn’t be used to shape strategy; that requires true scenario planning.

article thumbnail

Make Your Strategy More Agile

Harvard Business Review

Sure, the value of an in-depth discovery phase; comprehensive, quantitative, and qualitative research; stakeholder interviews; scenario planning; and alignment are undisputed. And how often have you crafted a meticulous three-year strategic plan, only to have it become obsolete after a few months, or even weeks?

article thumbnail

How Multinationals Should Be Planning for Brexit

Harvard Business Review

For example, adjusting supply chains can take up to nine months or longer depending on internal and external constraints. Understand possible scenarios. After this, the firm should decide which scenarios it believes are the most likely to occur and are most threatening to the business.