This chapter highlights the necessity of engaging employees from different areas to encourage innovation and diverse thinking. It elaborates on how the Coast Guard developed distinct yet practical future scenarios by assessing various factors like government influence and economic conditions, ultimately emphasizing the importance of preparing for future uncertainties based on these scenarios.
So much has been written about how to future-proof a strategy. But Peter Scoblic says that too many companies still rely on short-sighted strategies that don’t effectively plan for different potential future scenarios.
Scoblic is a co-founder and principal of the consultancy Event Horizon Strategies. In this episode, he explains how thoughtful and ongoing scenario-planning exercises can help organizations decide which investments will allow them to thrive — even in a crisis. He also shares how to balance short-term factors with longer term modeling and why it’s so important to ensure that your planning team is truly diverse. As he says, “This is a case where diversity absolutely matters, in all senses of the word, because what you want is to get people to think outside of the box. It’s very difficult to do that if you don’t recognize the box that you’re in.”
Key episode topics include: strategy, strategic planning, crisis management, scenario panning, modeling.
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