Does Strategic Scenario Planning Still Make Sense in the Face of Black Swan Events?

Idris and Ross discuss the relevance of strategic scenario planning in the context of unpredictable, high-impact 'Black Swan' events. They argue for the importance of having adaptable playbooks for foreseeable risks and developing capabilities to swiftly create strategies for unforeseen risks. Highlighting the shift towards digital risk management, the discussion underscores the need for comprehensive risk planning integrated into strategic planning exercises.

Key Takeaways:

• Strategic scenario planning remains critical, even with the unpredictability of Black Swan events.

• Organizations should develop adaptable strategies for both foreseeable and unforeseen risks, with an emphasis on digital risk management.

• Integrating risk management into strategic planning is crucial for comprehensive preparedness and responsiveness.

Transcript: https://www.futureofwork20.com/p/strategic-scenario-planning-transcript