HR Digest

OCTOBER 7, 2020

A structured strategy for managing workforce can bring consistency into overall operations during today’s challenging times by putting people first. At the heart of any organization’s talent management strategy is headcount planning to ensure that it has the right number of talent with the right skills.

Management 98

Management Supply Chain Crisis Scenario Planning 98

In the CEO Afterlife

SEPTEMBER 12, 2011

Crisis Management: The Ultimate Test of a Leader. How is it possible for three months of crisis management ineptitude to occur in an organization the size of BP with a product as environmentally toxic as oil? You’d think a company drilling on the ocean’s floor would be adept in risk management planning. Main menu Home.

Crisis Management 268

Crisis Management Crisis CEO Management 268

Harvard Business Review

APRIL 15, 2024

From the takeoff and landing of a space shuttle to managing uncontrollable bleeding in the operating room, there are vital lessons to be learned from these industries and adapted into others. Start by proactively envisioning worst-case scenarios through brainstorming sessions, scenario planning, and risk assessments.

Health Care 20

Health Care Uncertainty Scenario Planning Brainstorming 20

Lead Change Blog

APRIL 4, 2016

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.

Scenario Planning 150

Scenario Planning Airlines Leadership Fashion 150

First Friday Book Synopsis

MAY 23, 2012

Schoemaker is a pioneer in the field of decision sciences, among the first to combine the practical ideas of decision theory, behavioral economics, scenario planning, and risk management into a set of strategic decision-making tools for managers.

Scenario Planning 85

Scenario Planning Risk Management Tools Planning 85

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

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. The company prioritizes performance optimization through streamlined supply chains, cost management, and a strong focus on sustainability.

Compliance 235

Compliance Efficiency Ethics Metrics 235

CO2

JANUARY 2, 2011

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. This final chapter puts it all together.

Business Model 141

Business Model Executive Coaching Execution Blog 141

Harvard Business Review

JUNE 15, 2018

To make the best decisions, managers need access to real-time data about their supply chain, but the limitations of legacy technologies can thwart the goal of end-to-end transparency. New digital technologies that have the potential to take over supply chain management entirely are disrupting traditional ways of working.

Supply Chain 8

Supply Chain Management Retail Technology 8

Harvard Business Review

AUGUST 13, 2012

A terrorist incident, a breakdown of the London rail system, power blackouts, volcanic ash clouds , flooding, an outbreak of infectious disease—the London organizing committee (LOCOG) and the International Olympic Committee (IOC) spent years thinking about every scenario they could imagine.

Risk Management 15

Risk Management Management Committee Insurance 15

Harvard Business Review

OCTOBER 6, 2014

The restaurant chain, Olive Garden, uses predictive analytics to guide its food buying and retail staffing plans. This isn’t a retread of scientific management , nor is it an updated take on scenario planning. The company uses these insights to drive—and adapt—strategic plans for new device and service offerings (e.g.,

Strategy 11

Strategy Scenario Planning Scientific Management Supply Chain 11

Harvard Business Review

AUGUST 30, 2017

They have to manage their brain’s energy demands , timing their work so that their energy levels peak only when necessary. This management of energy often requires switching between focus and unfocus. For example, you may be strategizing on a project that requires scenario planning. Not Operating at Your Peak.

Scenario Planning 12

Scenario Planning Self-aware Energy Short-term 12

Innovation Excellence

DECEMBER 10, 2019

One issue has been on my mind for quite some time. Let me share with you a key learning from my innovation work in and with diverse companies over the years. It can be termed pretty catchy as: Window of Corporate Opportunity. In brief, this notion can be delineated as follows: Sustainable, effective and impactful corporate innovation.

Innovation 79

Innovation Diversity Scenario Planning Company 79

Harvard Business Review

OCTOBER 6, 2014

The restaurant chain, Olive Garden, uses predictive analytics to guide its food buying and retail staffing plans. This isn’t a retread of scientific management , nor is it an updated take on scenario planning. It’s an entirely different animal. Fire TV, Amazon Prime) and to stock its warehouses.

Strategy 8

Strategy Scenario Planning Scientific Management Supply Chain 8

Strategy Driven

NOVEMBER 2, 2012

Budgets get more attention than the umbrellas under which they rightfully belong: Strategic Planning and Visioning. By itself, Budgeting does not constitute full-scope planning and business strategy. Are budgeting measures used to manage performance? Is the performance management system focused upon outcomes?

Strategic Planning 70

Strategic Planning Budgeting Planning Competitive Advantage 70

Harvard Business Review

NOVEMBER 1, 2011

For example, sometimes when a senior manager makes a request, it causes a cascade of activity that is far beyond what she intended. To minimize their negative impact, there are two steps that managers can take: Plan ahead (as much as you can). Author's Note: My colleague Holly Newman contributed ideas and research for this post.

Airlines 11

Airlines Supply Chain Scenario Planning Travel 11

Harvard Business Review

OCTOBER 25, 2012

Scenario planning is impossible. They told me that in the world where there are no precedents, you have to trust your own judgment. There are multiple ways of getting around each challenge, and a variety of consequences that can come from your actions. So instead you simply move forward in the way you know in your heart to be right.

Uncertainty 15

Uncertainty Scenario Planning Media Planning 15

Center for Creative Leadership

JUNE 22, 2020

Carefully developed long term plans can become obsolete overnight as we face futures that are undeniably different than what we anticipated. To think strategically is the ability to prioritize and manage paradox given the complex relationship between the organization and its market ecosystem.? Think strategically.

Leadership 106

Leadership How To Long-term Short-term 106

Harvard Business Review

AUGUST 23, 2013

It''s the rare CIO who applies scenario planning to the business of IT. Yet, in a function driven by innovation and the uncertainties surrounding the application and implication of future technologies, not using scenarios is tantamount to management malpractice. Creating More Resilient Plans. IT management'

Scenario Planning 8

Scenario Planning CIO Planning Uncertainty 8

Harvard Business Review

MAY 29, 2017

and European elections, to management of the Syrian War, it’s clear that relations between the West and Russia have become increasingly hostile. 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.

Policies 8

Policies Supply Chain Politics Operations 8

Harvard Business Review

MAY 2, 2016

Practically speaking, can organizational leaders integrate mindfulness practices into strategic planning processes? It’s essential to step back and ask not only whether the team has identified the right plans or solutions but whether they have identified the right questions and problems in the first place.

Strategy 8

Strategy Goleman Strategic Planning Parcell 8

Harvard Business Review

JANUARY 6, 2011

For example, when it comes to preparation for a possible showdown involving North Korea, there has been no discussion or scenario planning between American and Chinese top brass — not a recipe for good crisis management. State Department.

Politics 14

Politics Gordon Scenario Planning Globalization 14

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. Business education Career planning Education' Fantasy Sports Competition.

Class 9

Class Education Supply Chain Sports 9

Harvard Business Review

MARCH 23, 2011

Old efficiency thinking based on engineering and rational market models needs to be replaced by a creative intelligence based on imagining, building and managing new futures. A former assistant managing editor for Business Week , he is professor of Innovation and Design at Parsons The New School for Design.

Uncertainty 13

Uncertainty Supply Chain Scenario Planning Sharpe 13

Harvard Business Review

NOVEMBER 8, 2018

In addition, companies must begin to factor deep fakes and other reality-distortion techniques into their crisis-scenario planning. Pushing these platforms to take the future of misinformation seriously would be good not only for corporations but also for society at large.

Reputation 10

Reputation Company Video Crisis 10

Harvard Business Review

MARCH 28, 2017

Agile businesses run planning and execution in parallel, investing in scenario planning so they can act promptly when opportunities arise. Digitally sustainable organizations are agile: They think fast, decide fast, execute fast, fail fast, learn fast, and scale fast. They are also prepared to take risks.

Organization 8

Organization SPM Content Agility 8

Harvard Business Review

APRIL 3, 2015

It would be an antidote to the insularity that so many boards are criticized for, and a useful complement to the simulations and war-game tools that help with scenario planning and anticipating competitors’ moves. How tools are changing the way we manage, learn, and get things done.

Scenario Planning 8

Scenario Planning Tools Technology Compliance 8

Strategy Driven

OCTOBER 25, 2013

Crisis management is so much more than handling of the media. We therefore mounted a full-scope crisis management initiative that focused heavily on after-the-crisis help for the victims and their families. There are three aspects to Crisis Management and Preparedness. Next comes Crisis Planning. by Hank Moore.

Crisis Management 79

Crisis Management Crisis Risk Management Budgeting 79

Harvard Business Review

JULY 10, 2014

But in terms of their objectives and planning horizons, there is often a yawning gap between these private and public sector players. It is not hard to see why the two sides find it challenging to confer about infrastructure needs – much less participate in each other’s planning processes.

Planning 8

Planning Scenario Planning Transportation Workshop 8

Harvard Business Review

SEPTEMBER 9, 2015

The essence of the phenomenon is the fact that each stage in the supply chain plans its capital projects and operations, including inventory levels, based on its future expectations. Here’s a hypothetical illustration of the bullwhip effect: A retailer might experience an X% drop in sales owing to some external event.

Supply Chain 8

Supply Chain Retail Crisis Operations 8

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. How to Plan for Brexit.

Planning 8

Planning Supply Chain Strategic Planning Workshop 8

Harvard Business Review

JANUARY 31, 2013

Manufacturing leaders will need to manage not only across geographies, but across their own organizational silos and beyond to a virtual ecosystem of suppliers and partners. For example, in a world of rising and complex risk, they will need to adopt planning systems that don't rely on point forecasts, but use scenario planning.

Globalization 9

Globalization Supply Chain Pharmaceuticals McKinsey 9

Harvard Business Review

OCTOBER 31, 2016

Sure, the value of an in-depth discovery phase; comprehensive, quantitative, and qualitative research; stakeholder interviews; scenario planning; and alignment are undisputed. And how often have you crafted a meticulous three-year strategic plan, only to have it become obsolete after a few months, or even weeks?

Agility 8

Agility Strategy Short-term Long-term 8

Harvard Business Review

FEBRUARY 2, 2015

” Perhaps most notably, top predictors managed to improve over time, and several interventions on the part of the researchers improved accuracy. Interestingly, a smaller group were trained in scenario planning , but this turned out not to be as useful as the training in probabilistic reasoning.).

Open-book 8

Open-book Participative Sample Training 8

Harvard Business Review

FEBRUARY 14, 2011

Consultants came to their assistance with solutions to short-term concerns ranging from moving out cash to halting expansion plans. There is a danger that even after dealing with the crisis, managers will continue to give short shrift to their nonmarket and other fundamental corporate choices.

Strategy 13

Strategy Politics Short-term Long-term 13

Strategy Driven

JANUARY 8, 2019

Futurists use tools that systematize these recommendations including scenario planning, environmental scanning, Delphi surveying, and individual software programs like Fibres, Futures Platform, and Athena. 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

JANUARY 14, 2015

In 2013, we conducted a number of interviews and surveyed 270 female managers in Fortune 500 organizations to determine what they liked and disliked about business meetings. According to Gail’s manager, she had a solid reputation, and her work was considered to be impeccable. Let planning trump politics. The problem?

Politics 8

Politics Strategy 360-Degree Feedback Mentor 8