Organizations during good times enjoy lenient and thriving economic conditions. The confidence interval for tolerance of errors is relatively high. There isn’t a pressing requirement for overhauling operations or Business Models, compelled by external factors. There is a rare feeling of sense of urgency and people tend to take time to ponder over and carefully […]
Tag Archives | Crises
Scenario Planning in Crisis
Wars, downturns, calamities, pandemics, and other crises drive businesses into uncertain situations, low turnovers, stagnant growth, unemployment, and even insolvencies. These crises often arise uninformed. It is difficult to guide organizations through challenging circumstances and envisage the effects and severity of crises. Financial planners and CFOs, though, try to confront these situations, but at times […]
