![]() If data doesn’t fit into their perception of how things are, they either ignore or change it. Instead of seeing the world for what it is, individuals tend to alter information to fit their existing worldview. Mental filters: People see what they want to see.However, strategists’ cognitive barriers limit this strategizing, namely the following. As a group, strategists use the information they receive to develop projections and plans based on current market conditions. In these exercises, managers get together in large meetings to discuss current opportunities and run through scenarios. Most often, companies develop foresight using strategic scenario planning. While this is one of the most powerful tools in a company’s arsenal, it’s a difficult one to develop and use in the real world. The Power of Foresight in Developing Strategyįoresight is one of the most crucial skills to develop in the business world - strategists can use that foresight to detect and observe current activity, project potential outcomes and develop or alter strategies to combat or coincide with those outcomes. Business war gaming strategy takes that concept and brings it to the boardroom. ![]() You may have heard of war games for the military, where officers simulate the battlefield to predict outcomes. ![]() While the future is never certain, the good news is there is a proven way to take a peek. Decision-makers want to know what’s going to happen if they introduce this new product, acquire that business or enter a brand-new market. In business, those types of make-or-break choices happen every single day. How Business War Gaming Can Improve Your Company’s Strategic VisionĮveryone has faced a difficult decision in their lives where they wished they could see the potential outcomes beforehand.
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