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Use GenAI to Improve Scenario Planning

Harvard Business Review

Generative AI can help organizations overcome inherent shortcomings in conventional processes for performing contingency scenario planning. This article explores how the technology can do that and provides an example: a simulation that the authors conducted.

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When Scenario Planning Fails

Harvard Business Review

Leaders of companies with operations in Russia share how they’ve navigated new and unexpected challenges during the war in Ukraine.

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Uncharted: How to Navigate the Future

Leading Blog

In an outstanding first chapter— False Profits —she reviews the work of three economic forecasters and the shortcomings and consequences of each. Scenario planning always surfaces conflict and there is always a moment when everything seems to fall apart. We crave certainty in a world that remains ambiguous.

How To 347
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Future-Proofing Your Strategy with Scenario Planning

Harvard Business Review

A conversation with consultant Peter Scoblic on scenario planning lessons from the U.S. Coast Guard.

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What Space Exploration and Health Care Can Teach You About Navigating Uncertainty

Harvard Business Review

Start by proactively envisioning worst-case scenarios through brainstorming sessions, scenario planning, and risk assessments. 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.

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How Project Managers Can Better Navigate Setbacks

Harvard Business Review

And fourth, scenario plan so that you have clear options for moving forward. Second, openly acknowledge that a setback has occurred to prevent backsliding. Third, adopt a growth mindset to help others strive for improvement instead of getting stuck on autopilot.

Project 26
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Paul J.H. Schoemaker: A second interview by Bob Morris

First Friday Book Synopsis

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.