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How to Future-Proof Your Strategy

HBR On Strategy

Strategic Foresight and Imaginative Scenario Planning for Organizations

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The chapter emphasizes the importance of ongoing scenario planning and strategic foresight for organizations, contrasting it with reactive crisis management practices. It highlights a case study of the US Coast Guard adopting strategic foresight successfully with limited resources, leading to enhanced adaptability and resilience. The chapter also discusses the role of imagination in strategic planning, suggesting ways to institutionalize imaginative thinking within organizations and engage executives in innovative exercises to broaden their perspectives.

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