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Crisis Management in the Digital Age: Lessons for 2024’s Unpredictable Economy

N2Growth Blog

Digital technology has become a guiding light in these uncertain times, taking on a more prominent role in companies’ strategic plans. Engaging in risk management and scenario planning is also paramount. This shift to digital technologies is crucial for businesses to weather economic uncertainty.

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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. Moreover, influential leaders enhance performance by fostering an environment with innovation, learning, and growth.

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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.

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How to Overcome Strategic Leadership Challenges

Center for Creative Leadership

This turbulence creates a pressure on the organization as a whole, and leaders in particular, who are responsible for guiding the way through change and innovation. Carefully developed long term plans can become obsolete overnight as we face futures that are undeniably different than what we anticipated. Act strategically.

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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. Technology and its role in travel 2.0

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Create a Strategy That Anticipates and Learns

Harvard Business Review

And so the power of incumbency, firm competencies, and market share is giving way to the ability to engage across companies and industries, innovate, individualize, and deliver. At the same time, powerful new tools are becoming increasingly available to enable real-time strategic decision making.

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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.