article thumbnail

Scenario Planning vs. Forecasting: 6 Questions to Ask to Prepare for a Post-Pandemic Future

Leading Blog

There is often confusion between scenario planning and forecasting, with the terms used interchangeably and inconsistently. Scenario planning is focused on the future and involves defining different stories behind different paths that will lead to that future.

article thumbnail

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. These factors are redefining the shape of the global economic terrain.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Exploring Alternate Futures Can Help Identify Future Leaders

N2Growth Blog

Scenarios and scenario-based planning are widely recognized as valuable tools in setting organizations’ visions and strategies. Shell is the most famed for their scenarios and their process for developing them and using them. Those who know scenario planning know that its value isn’t in “predicting the future.”

article thumbnail

Five Leadership Lessons from the Garden

Lead Change Blog

Scenario planning, a strategy first employed by Royal Dutch Shell, brings experts from a wide range of fields together to discuss actions if different scenarios take place. Scenario planning allows you to think out—in advance—various options.

article thumbnail

Uncharted: How to Navigate the Future

Leading Blog

Different from experiments that “reveal immediate internal features of a complex system, scenarios explore where the internal organization meets the external environment, where uncertainties lurk beyond anyone’s control.”. Scenario planning always surfaces conflict and there is always a moment when everything seems to fall apart.

How To 347
article thumbnail

How Do You Combine Patience and Urgency?

Next Level Blog

It’s as true in business and leadership as it is in yoga and the rest of life. Part of the work of leadership right now is to have the patience to bring people together to do some scenario planning and diagnostic work on how the world and your marketplace has changed during the pandemic.

article thumbnail

4 Steps To Become An Aware Leader

The Horizons Tracker

As Don Moore and Max Bazerman explain in Decision Leadership, they’re able to look at data objectively; avoid being misdirected by those who seek to deceive; are aware of things that appear too good to be true; and are generally able to think a few steps ahead.