Government Forecasts and Scenario Planning Governments need to start speaking and thinking in scenario planning terms and not just articulating single-minded dire government forecasts. They need to do this in times of struggle and in times of prosperity. Today, for instance, "The Federal Reserve sharply downgraded its projections for the U.S. economy Wednesday, warning … [Read more...] about Government Forecasts and Scenario Planning: If Governments Want Growth, They Need to Inspire, Not Just Reinforce Negative Forecasts
Scenario Planning
Proverb 4 the day…
Forecast the future for a person and you satisfy their curiosity for a day. Teach them to think about the future, and you give them curiosity for a lifetime. --Daniel W. Rasmus Twitter version: Forecast the future 4 a person & U satisfy their curiosity 4 a day-Teach them 2 think abt the future & U give them curiosity 4 a lifetime. … [Read more...] about Proverb 4 the day…
Scenario: Gold isn’t always a safe haven
Many have touted gold as the safe place to invest as prices skyrocketed over the past several months. But gold as a haven is falling to cash as reported in today's FT: Gold slides as investors scramble for cash. Although gold may recover to its record levels, that is by no means assured. Individuals and institutions need to be cautious of any spokesperson or organization … [Read more...] about Scenario: Gold isn’t always a safe haven
Why is Uncertainty in so many of Today’s Headlines
I just completed a brief interview on uncertainty, and I don't think my answer was as precise as it could be. So I thought I would write out the answer here. Hope is a fact but certainty is a myth. Through the construct of hope, people may believe that things are stable or certain, but they never are. From the demise of marriages to untimely deaths, to the loss of a job to … [Read more...] about Why is Uncertainty in so many of Today’s Headlines
Thinking Like a Strategist. Perspectives on Research.
When a large organization tells me that they have "confirmed their strategic position with research" I am immediately skeptical because that sentence doesn't provide me with enough information. I dig a little deeper by asking a not so simple question: Was this research conducted after you decided on your position or before? This question is important because when it … [Read more...] about Thinking Like a Strategist. Perspectives on Research.