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. passenger traffic for airlines).

article thumbnail

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

N2Growth Blog

Engaging in risk management and scenario planning is also paramount. It is important to create detailed emergency plans that cover various potential outcomes, such as supply chain disruptions, sudden shifts in demand, or regulatory changes.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Uncharted: How to Navigate the Future

Leading Blog

We can develop scenarios to “identify and test how and where the future and the present meet.” 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.”.

How To 347
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.

article thumbnail

How to Become a Master Persuasive Storyteller

Skip Prichard

Leadership Tip: Great communicators start by asking “What story does my presentation want to tell?” Because most of this process is unconscious, we tend not to recognize how powerful our visual system is. The post How to Become a Master Persuasive Storyteller first appeared on Skip Prichard | Leadership Insights.

article thumbnail

Farsighted: How We Make the Decisions That Matter the Most

Leading Blog

What the map should ultimately reveal is a set of potential paths, given the variables at play in the overall system. Engaging in scenario planning or gaming is not to make accurate predictions, but “the very act of trying to imagine alternatives to the conventional view helps you perceive your options more clearly.”

article thumbnail

Crisis Management: The Ultimate Test of a Leader | In the CEO.

In the CEO Afterlife

Leadership. by John • September 12, 2011 • Human Resources , Leadership , Strategy • 4 Comments. Not many years after the Tylenol fiasco, a massive batch of sour coffee that made some people nauseous became my ultimate test of leadership. In the CEO Afterlife. Main menu Home. Did you like this? Share it: Tweet.