Inside the Strategy Room

208. Preparing your organization for uncertainty

57 snips
Jun 13, 2024
Explore practical strategies for managing uncertainty in organizations with guests Rear Admiral Wyman Howard III and Mihir Mysore. Topics include scenario planning, risk management, leadership skills, and agility in decision-making. Learn about leveraging technology, cultivating resilience, and collaborating effectively in times of uncertainty.
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INSIGHT

Novel Uncertainties

  • Current uncertainties feel different due to their novelty, speed, and interconnected nature.
  • Organizations lack established patterns for responding to these rapidly evolving, compounding uncertainties.
ADVICE

Proactive Risk Management

  • Prioritize operational performance, scenario planning, and risk mitigation in your daily operations.
  • Assign leaders and create action plans to manage risks and opportunities effectively.
ADVICE

Scenario Planning and Rehearsals

  • Regularly develop offensive and defensive scenario plans based on high-confidence risk inputs.
  • Use red teaming and rehearsals to prepare for potential disruptions and capitalize on opportunities quickly.
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