June 28, 2009

How Scenario Planning Improves Forecasting by Reversing Cause and Effect

by Patrick Marren

Forecasting is based on expert opinion. Expert opinion, in turn, is essentially a collection of “if-then” statements about how causality works in one’s sphere of expertise. These “if-then” statements, it should be noted, are all based upon observation of how things have worked in the past. Hence, forecasting is based on how things have seemed to work in the past.

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January 30, 2008

Begging Indulgences: Bleak News from the Economic Front

by Robert Avila

FSG welcomes Robert Avila as the contributing author of this month’s FSG Outlook. Robert, an economist and former colleague, is an iconoclastic thinker, with a keen eye and a sharp wit. Robert warns that a soft economic landing looks less and less likely this time around.

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November 19, 2007

The Wisdom of Scenario Crowds

by Peter Kennedy

The strategic decisions that corporations have to make are of mind-numbing complexity. But we know that the more power you give to a single individual in the face of complexity and uncertainty, the more likely it is that bad decisions will be made.

  James Surowiecki, The Wisdom of Crowds            

 

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January 01, 2007

Meet the Metrics: The New Math of Measuring Effectiveness

by Patrick Marren

One of the more interesting things I have found in my life and business experience is that numerical measures, or “metrics,” as we consultants are forced by law to call them, start to lose their usefulness on the day they are dreamt up.

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