article thumbnail

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

N2Growth Blog

Preparing your Business for Unexpected Market Shifts In this volatile and unpredictable economy, businesses must prioritize resilience by taking a proactive approach to strategic planning to ensure sustainability. Engaging in risk management and scenario planning is also paramount.

article thumbnail

Navigating the Complexities of Doing Business in Russia

Harvard Business Review

Yet Russia remains an important part of most Western multinationals’ emerging markets portfolios. This environment is altering how multinational firms operate in the country and market their products. This has been beneficial for some Russian industries but has reduced market access for foreign firms.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Potential and Pitfalls of Doing Business in Cuba

Harvard Business Review

A further overrepresentation of the actual market size is determined by methodological inconsistencies. Likewise, new infrastructure projects and new local businesses (helped by increased capital inflows) would generate demand for various products and services.

GDP 8
article thumbnail

What a Good Moonshot Is Really For

Harvard Business Review

Google''s moonshots include expansive projects like its driverless car and Google Glass efforts. But in turbulent times, these approaches can lead companies to miss critical market inflection points. The term has experienced a recent resurgence in the corporate world. In response to a reporter''s question, last week Yahoo!

article thumbnail

How Organizations Can Thrive in the Digital Economy - SPONSOR CONTENT FROM KORN FERRY

Harvard Business Review

Agile businesses run planning and execution in parallel, investing in scenario planning so they can act promptly when opportunities arise. They launch several projects at once to see what works and what doesn’t, and then make rapid decisions about what to invest in and what to stop investing in. Connectivity.

article thumbnail

China’s Slowdown: The First Stage of the Bullwhip Effect

Harvard Business Review

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.

article thumbnail

The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 4 of 4

Strategy Driven

Next comes Crisis Planning. What-if scenario planning is similar to the processes utilized in overall company strategic planning and visioning. The crisis plan must be part of the bigger process, not an adjunct or afterthought. Prevention of leaks in customer information and losses in company market position.