N2Growth Blog

DECEMBER 16, 2023

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. Implementing new strategies driven by advanced technology contributes significantly to organizational efficiency and effectiveness.

Compliance 235

Compliance Efficiency Ethics Metrics 235

Harvard Business Review

MAY 2, 2018

It first influenced business decades ago, through the development of an unmistakably hard skill that senior managers must master: strategic planning. Leaders today would be wise to learn from the past and to view strategic planning and mindfulness together. Planning well, in his estimation, required “training the mind.”

Scenario Planning 12

Scenario Planning Strategic Planning Kleiner Management 12

Harvard Business Review

OCTOBER 6, 2014

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. Strategy-making can now happen in real time. Strategy can anticipate and learn.

Strategy 11

Strategy Scenario Planning Scientific Management Supply Chain 11

Harvard Business Review

OCTOBER 6, 2014

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. Strategy-making can now happen in real time. Strategy can anticipate and learn.

Strategy 8

Strategy Scenario Planning Scientific Management Supply Chain 8

Harvard Business Review

MAY 2, 2016

As UCLA’s Richard Rumelt, a leading expert on strategic planning, writes in his book Good Strategy, Bad Strategy , one of the quintessential components of good strategy is the ability to take a step out of the internal storyline and shift viewpoints.

Strategy 8

Strategy Goleman Strategic Planning Parcell 8

Leading Blog

NOVEMBER 23, 2018

The art of making farsighted decisions “with as much wisdom as possible lies not in forcing that map to match some existing template, but instead in developing the kind of keen vision required to see the situation as it truly is. And the best way to develop that vision is to get different pairs of eyes on the problem.”

Cost-Benefit Analysis 282

Cost-Benefit Analysis Scenario Planning Storytelling Objective 282

Center for Creative Leadership

JUNE 22, 2020

Intense crises and rapid change reveal gaps in organizations’ strategies, preparedness, and ability to respond quickly. Carefully developed long term plans can become obsolete overnight as we face futures that are undeniably different than what we anticipated. Influence strategically.

Leadership 106

Leadership How To Long-term Short-term 106

Harvard Business Review

NOVEMBER 8, 2018

But that technology is still in its early stages, and as it develops you can be sure that bad actors will be working on ways to defeat it. In addition, companies must begin to factor deep fakes and other reality-distortion techniques into their crisis-scenario planning.

Reputation 10

Reputation Company Video Crisis 10

Harvard Business Review

MAY 29, 2017

This will likely continue to make business planning even more difficult. But based on the experience and strategies of our clients, there are ways that they can manage the uncertainty. These can be laid out in scenario plans with specific mitigation actions assigned to help businesses react quickly if necessary.

Policies 8

Policies Supply Chain Politics Operations 8

Harvard Business Review

MARCH 16, 2016

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. My company, Frontier Strategy Group, is now forecasting expansion for Cuba to be 3.1%

GDP 8

GDP Telecommunications Scenario Planning Travel 8

Harvard Business Review

NOVEMBER 1, 2011

To minimize their negative impact, there are two steps that managers can take: Plan ahead (as much as you can). One way to reinforce this assumption is to engage in scenario planning before pulling the trigger, preferably by engaging people who will be affected by the change. Test the waters.

Airlines 11

Airlines Supply Chain Scenario Planning Travel 11

Harvard Business Review

MARCH 28, 2017

Read more from Korn Ferry: How to Develop Leaders Who Can Drive Strategic Change. Agile businesses run planning and execution in parallel, investing in scenario planning so they can act promptly when opportunities arise. But for traditional firms, they’re a whole new world. They are also prepared to take risks.

Organization 8

Organization SPM Content Agility 8

Harvard Business Review

SEPTEMBER 9, 2015

Strategies to Implement Now. Companies should anticipate this trend and start developing “value pricing” and less expensive products. Home Depot implemented a new distribution strategy, consolidating cross-docking flow centers to improve delivery efficiency.

Supply Chain 8

Supply Chain Retail Crisis Operations 8

Harvard Business Review

JANUARY 31, 2013

First we see major shifts in demand: developing economies such as China and India are morphing from the world's source of low-cost manufacturing capacity to the world's best market opportunities. They will not, it must be noted, alter how the role of manufacturing evolves as economies develop.

Globalization 9

Globalization Supply Chain Pharmaceuticals McKinsey 9

Harvard Business Review

MARCH 23, 2011

These firsts-of-their-kind developments require unprecedented degrees of creativity.". The kind of thinking generated by scenario planning, video/war-gaming, and design thinking need to move from the margins of corporations and government organizations to core strategic positions.

Uncertainty 13

Uncertainty Supply Chain Scenario Planning Sharpe 13

Strategy Driven

OCTOBER 25, 2013

Thinking Through the Strategies. The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. Business development. Our strategy to address the crisis was three-fold. The process of strategy development is not esoteric.

Crisis Management 77

Crisis Management Crisis Risk Management Budgeting 77

Harvard Business Review

SEPTEMBER 5, 2013

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.

Class 9

Class Education Supply Chain Sports 9

Strategy Driven

NOVEMBER 2, 2012

The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. Business development. Budgets get more attention than the umbrellas under which they rightfully belong: Strategic Planning and Visioning. Budgeting by itself is a minor piece of business strategy. Budgets get blamed for gridlock. by Hank Moore.

Strategic Planning 68

Strategic Planning Budgeting Planning Competitive Advantage 68

Harvard Business Review

AUGUST 13, 2012

In the run-up to the London 2012 Olympics, for example, the global financial crisis caused private developers for the Olympic Village project to withdraw, requiring a refinancing package backed by government. Ensuring readiness for Games-time (in Olympic-speak) now involves strategic pre-emption through stress-testing and scenario planning.

Risk Management 15

Risk Management Management Committee Insurance 15

Harvard Business Review

OCTOBER 31, 2016

Originating from agile software development, the sprint has entered the business mainstream as an increasingly popular means to accelerate business model, product, or service innovation. But the sprint format isn’t just for development and design anymore. In a dynamic marketplace, the value of traditional strategy is diminishing.

Agility 8

Agility Strategy Short-term Long-term 8

Harvard Business Review

JULY 10, 2014

The product of an MIT CTL research initiative called Future Freight Flows, it is a method of convening conversations and achieving alignment, based on the practice of scenario planning. This makes scenario planning an effective approach for long-range freight transportation planning.

Planning 8

Planning Scenario Planning Transportation Workshop 8

Harvard Business Review

JANUARY 23, 2015

A way around this fallacy, we’ve found, is a speed-dating version of scenario planning, one that takes hours rather than months. For example, the group defined the education driver as “the degree to which US elementary through higher education has developed curricula to produce science and technical talent.”

Kahneman 8

Kahneman Scenario Planning Pharmaceuticals Workshop 8

Harvard Business Review

FEBRUARY 14, 2011

Developments in the Middle East — first the removal of long-time Tunisian President Zine el-Abidine Ben Ali in January 2011 and now Hosni Mubarak's stepping down in Egypt — suggest that authoritarian regimes in the region are not immune to "people power."

Strategy 13

Strategy Politics Short-term Long-term 13

Harvard Business Review

MAY 15, 2018

Only a minority of firms is well ahead in planning and preparing a UK market strategy. At the recent Brexit Workshop we held for clients — in this case, 19 UK heads of some of the world’s largest multinational firms — 10 of them had not started or had only just begun planning for Brexit.

Planning 8

Planning Supply Chain Strategic Planning Workshop 8

Strategy Driven

JANUARY 8, 2019

It’s about coming up with possible scenarios for the future given these developments. The simplest way to imagine and prepare for the future is to devise intelligent strategies that will serve your company well. You can do this by reading a ton and consulting experts in your field about what they’re seeing.

Flextime 74

Flextime How To Scenario Planning Consultative 74

Harvard Business Review

JUNE 7, 2017

Similarly, directors of power companies need to understand how advances in energy storage and information technology will accelerate development of micro-grids and the decentralization of the electric grid.

Tips 8

Tips Supply Chain Proposal Decentralization 8

Harvard Business Review

JUNE 20, 2017

While consumer spending has proven resilient, with same-store retail sales rising 6% YOY in April , most multinational corporations are developing contingency plans to mitigate risks to their businesses and reassessing the country’s role in their global market portfolio and supply chains. Renegotiating NAFTA.

Supply Chain 8

Supply Chain Depreciation Uncertainty Marketing 8