Overcoming Obstacles to Effective Scenario Planning

Scenario planning, an effective decision-making tool under uncertainty, is underutilized by organizations primarily due to deep-seated cognitive biases that exist.  Drew Erdmann, Bernardo Sichel, and Luk Yeung of McKinsey & Company tell managers how to address these common biases and provide guidance along with a practice cheat sheet on the dos and don’ts of scenario planning.

Read more on scenario planning and how to make it a successful tool for your organization in the McKinsey article, Overcoming obstacles to effective scenario planning.