CIOs: Scenario Planning Can Save Your Job

Harvard Business Review

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. Scenarios can help IT organizations create more resilient plans, practice for business climate changes, and better drive innovation. Creating More Resilient Plans. Scenarios and Innovation.

Five Leadership Lessons from the Garden

Lead Change Blog

Bring products to market at the wrong time or introduce an idea without understanding timing and the “garden” can quickly resemble a piece of scorched earth. Leaders face “El Niños”: market downturns, a coup in Africa, airline strikes, terrorist attacks. 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.

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

In the CEO Afterlife

You’d think a company drilling on the ocean’s floor would be adept in risk management planning. Whether Hayward was a part of a risk management plan or not, the guy failed at the moment his employees, his shareholders, his fellow human beings and the planet needed him most. Advance planning is very important, however, as you know, it’s impossible to know every crisis that may come your way. Marketing. In the CEO Afterlife. Main menu Home. Leadership. Branding.

A Practical Approach to Managing Workforce During COVID-19

HR Digest

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. In the current scenario, even if the organization is doing well, workers may feel threatened about their job security.

How to Think Like a Futurist

Strategy Driven

Being a futurist means paying attention to new patterns or trends that are slowly percolating up through the market and/or society that have the potential to catch on in a major way. It’s about coming up with possible scenarios for the future given these developments. Futurists use tools that systematize these recommendations including scenario planning, environmental scanning, Delphi surveying, and individual software programs like Fibres, Futures Platform, and Athena.

Navigating the Complexities of Doing Business in Russia

Harvard Business

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. Induced by rising economic pressures – and reflective of trends in other emerging markets – the Russian government has been pressured to support local businesses, often to the detriment of foreign investors. Jennifer Maravillas for HBR.

Business Model Generation : Blog | Executive Coaching | CO2 Partners

CO2

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. RSS Feed Schedule a Call Free E-Book Assessment Test Coffee Schedule Coaching Lunch About Us CO2 Story Our Approach Our Successes Our Executive Coaches Gary B.

A Better Approach to Infrastructure Planning

Harvard Business Review

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. It’s difficult for the public sector to coordinate planning across regions and modes. This makes scenario planning an effective approach for long-range freight transportation planning.

Create a Strategy That Anticipates and Learns

Harvard Business

In health care, these tools are changing the way doctors identify people at risk of developing certain diseases; in fashion, they crunch purchasing data to anticipate trends; sales and marketing experts use them to tailor ad campaigns. The restaurant chain, Olive Garden, uses predictive analytics to guide its food buying and retail staffing plans. The definition of a market, customer, partner, or even competitor is now a moving target.

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Is Your Company Ready to Protect Its Reputation from Deep Fakes?

Harvard Business

An obvious scenario, one that some companies might find themselves dealing with in the not-too-distant future, is a faked video of their CEO making racist or sexist comments, or bribing a politician. Corporate marketers and communicators, as the people who supply platforms with the money that is their lifeblood, are in a strong position to push for faster action. t_kimura/Getty Images.

The Big Picture of Business: Putting Budgeting Into Perspective, The Bigger Picture of Strategic Planning

Strategy Driven

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. Questions to follow in Budgeting as part of Strategic Planning and Visioning processes include: Does this process increase your accountability to funding sources and to the public? Does your strategic plan adequately describe what you do?

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. Crisis planning and strategies should be intertwined with security issues, financial goals, workforce empowerment and many other corporate dynamics. Prevention of leaks in customer information and losses in company market position.

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. Under such a scenario, multinationals would see expanded opportunity across diverse sectors. These scenarios are not a given. The key to winning in Cuba will be to prepare with rigorous scenario planning in order to avoid being left on the sidelines once the market begins to bloom. Emerging markets Global strategy Digital Article

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How Multinationals Should Be Planning for Brexit

Harvard Business

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. But that doesn’t mean companies shouldn’t start the work required to come up with a plan. How to Plan for Brexit. Understand possible scenarios.

What a Changing NAFTA Could Mean for Doing Business in Mexico

Harvard Business

The possibility of a contentious renegotiation of the North American Free Trade Agreement (NAFTA) has led to delayed or canceled investments in what has been one of Latin America’s most economically stable markets. and vice versa) and can no longer take for granted continued and uninterrupted access to each other’s markets, it would need to radically rethink its localization and sourcing strategy. In this scenario the Mexican peso would likely only depreciate to 20.5

Create a Strategy That Anticipates and Learns

Harvard Business Review

In health care, these tools are changing the way doctors identify people at risk of developing certain diseases; in fashion, they crunch purchasing data to anticipate trends; sales and marketing experts use them to tailor ad campaigns. The restaurant chain, Olive Garden, uses predictive analytics to guide its food buying and retail staffing plans. The definition of a market, customer, partner, or even competitor is now a moving target.

SWOT 12

What a Good Moonshot Is Really For

Harvard Business Review

They''re a keystone of what we call a "future-back" approach to strategy, which unlike the "present forward" nature of most strategic-planning processes, doesn''t operate under the assumption that tomorrow will be pretty much like today, and the day after pretty much more of the same. But in turbulent times, these approaches can lead companies to miss critical market inflection points. More than 50 years ago, U.S. President John F.

The G-20 is 2011's Biggest Political Risk

Harvard Business Review

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. Ian Bremmer is the president of Eurasia Group and the author of The End of the Free Market: Who Wins the War Between States and Corporations? David Gordon is the head of research at Eurasia Group and former director of policy planning at the U.S.

Reimagining the Boardroom for an Age of Virtual Reality and AI

Harvard Business Review

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. With its assistance, boards can make sense of all the market, customer, and competitor data at their disposal — both historical and current — and analyze it with greater rigor.

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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. It reached a peak on June 12 and then proceeded to lose over 40% of its value by the end of August despite efforts by the Chinese government to prop up the market.

Setting Strategy in Egypt's (and Other) Shifting Sands: A Four-Part Approach

Harvard Business Review

Consultants came to their assistance with solutions to short-term concerns ranging from moving out cash to halting expansion plans. Meanwhile, they often fail to think deeply about truly strategic questions, involving political risk, like: how should we supply foreign markets? The preference for following the crowd is even greater when (as with foreign direct investment versus alternative routes to market) a choice is easy to communicate.

Living in a Radical State of Uncertainty

Harvard Business Review

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. The kind of thinking generated by scenario planning, video/war-gaming, and design thinking need to move from the margins of corporations and government organizations to core strategic positions.

Get Ready for the New Era of Global Manufacturing

Harvard Business Review

First we see major shifts in demand: developing economies such as China and India are morphing from the world's source of low-cost manufacturing capacity to the world's best market opportunities. According to recent McKinsey research (see " The $30 Trillion Decathlon "), consumption by developing economies could rise from $12 trillion annually in 2010 to $30 trillion in 2025, by which time these markets could account for nearly 70% of global demand for manufactured goods.

ExxonMobil’s Shareholder Vote Is a Tipping Point for Climate Issues

Harvard Business

Such a move might create inertia for some companies and investors if they see it as evidence that “business as usual” is now the most likely climate scenario. We witnessed a monumental event in a shareholder resolution calling on ExxonMobil, the world’s biggest publicly listed energy company, to disclose the impact on its business under a 2-degree scenario. Last week the world listened as Donald Trump announced, ‘We are out,’ proclaiming the U.S.