Balancing Creativity and Rigor in Strategic Decision-Making

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Exploring the use of models for scenario planning, the chapter emphasizes the delicate balance between creativity and rigorous thinking in strategic planning. It discusses the challenges of consulting, decision-making structures in civilization, and the importance of acknowledging the limits of knowledge in problem-solving.

Nicholas Gruen is the CEO of Lateral Economics, Patron of the Australian Digital Alliance, and a Visiting Professor at Kings College London.

In this episode, Nicholas discusses the limitations of traditional economic models and emphasises the importance of nuanced problem-solving. He advocates for critical thinking and an interdisciplinary approach to decision-making within complex economic systems, and asks if embracing another paradigm, in this case, complexity economics, is really the answer.

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