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84. Managing in extreme uncertainty

Inside the Strategy Room

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Navigating Crisis: Lessons in Leadership

This chapter explores the challenges organizations face during crises, particularly highlighting a global manufacturer's product failure and the impact of optimism bias on decision-making. It emphasizes the importance of adaptable scenarios, clear distinctions in decision-making, and stakeholder engagement to effectively manage uncertainty. The conversation also discusses the role of early warning systems and values-driven decision-making in preparing organizations for unexpected crises.

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