Recently I was discussing scenario planning with a small group of colleagues from the risk profession. I asked what scenario planning they or their organisation did. The answers were generally around dramatic changes that could happen in the next 12 months e.g. pandemic related, China related, regulation post royal commission related.
We soon agreed that this was just good risk management and was more scenario analysis than scenario planning. When I think scenario planning, I think 3-5 years un
Potential opportunities always surround leaders. It is up to them to pounce on those or regret overlooking them, when someone else takes advantage of them.
Evaluation and onboarding of outstanding leaders is anything but straightforward. Almost all organizations have set up testing mechanisms or assessment centers to distinguish senior leadership candidates having traits that make up for 