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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).

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

N2Growth Blog

By utilizing machine learning to streamline processes and leveraging data analytics to gain a deeper understanding of customer behavior, digital tools provide innovative solutions to today’s economic challenges. As a business leader in 2024, it is no longer optional but rather absolutely essential to leverage these digital tools.

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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.”

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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.

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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.

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How to Become a Master Persuasive Storyteller

Skip Prichard

Leadership Tip: Great communicators start by asking “What story does my presentation want to tell?” In the depths of the COVID-19 lockdown, executives at Salesforce developed a long-term scenario-planning tool to help enterprise customers rediscover their decision-making confidence in a world turned upside down.

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A Practical Approach to Managing Workforce During COVID-19

HR Digest

Reskilling can prove to be a valuable tool and can help employees move to roles in the organization that weren’t an option before. Hiring managers must consider scenario planning to surmise all possible outcomes and device strategies to address each of these different possibilities. Use of tools.