As companies navigate today’s complex business and geopolitical landscape, CFOs have seen risk management rise to the top of their priorities. To better manage risk, CFOs are increasingly using scenario planning to strategically unlock new value-creation opportunities.
Scenario planning is not just about preparing for potential downsides; it is about equipping organizations to act on strategic opportunities and mitigate risks to the long-term strategy and vision. Effective scenario planning is rigorous and cross-functional, outward looking and externally informed, and continuously refreshed and monitored.
In this live, interactive HBR webinar, Ben T. Smith, IV and Tawfik Jamjoum shared their insights on why CFOs must rethink traditional scenario planning. They discussed:
• How the CFO role has changed—and why CFOs are increasingly stepping into CEO roles
• The critical elements of effective scenario planning
• Key questions CFOs should ask as they monitor trends related to scenarios
• How to use real-time internal and external data to build actionable models for long-term success
• Strategies for incorporating scenario planning into strategic frameworks
By reimagining scenario planning, finance leaders are turning management of volatility into a competitive advantage. For today’s CFOs, mastering scenario planning is more than a skill—it’s a catalyst for transformation, preparing them to drive their companies and industries forward as effective leaders and future CEOs.
