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HBR On Strategy

How to Future-Proof Your Strategy

Jun 5, 2024
27:32
Snipd AI
Peter Scoblic discusses the importance of scenario planning in future-proofing business strategies. He emphasizes the need for diverse perspectives, balancing short-term factors with long-term modeling, and preparing for potential crises. Scoblic uses examples like the US Coast Guard to illustrate the benefits of strategic foresight and imaginative scenario planning.
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Podcast summary created with Snipd AI

Quick takeaways

  • Effective scenario planning is essential for future-proofing strategy.
  • Diverse input and long-term modeling are crucial for strategic decision-making.

Deep dives

Importance of Strategic Foresight and Scenario Planning

Strategic foresight and scenario planning are essential for organizations to navigate uncertainties effectively and plan for the future. Peter Skoblik emphasizes the need for ongoing scenario planning exercises to help organizations make informed decisions. By balancing short-term factors with long-term modeling and ensuring diverse input, organizations can thrive in different circumstances and crises.

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