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To Set a Great Strategy, Start by Imagining the Future You Want

HBR On Strategy

NOTE

Future Planning: Embrace Uncertainty and Allocate Resources Wisely

Effective future planning involves continuous effort rather than a one-time solution. It is crucial to carve out time for envisioning potential changes and identifying opportunities, especially in adapting business models post-crisis. This process consists of three essential components: first, quickly establishing a vision that aligns with desired outcomes; second, developing strategies to navigate uncertainty over the next 12 to 24 months through scenario planning; and third, making informed choices about resource allocation, including leadership time, financial investments, and personnel. Experimentation and learning are key to leveraging these resources effectively.

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