03 Sep Why is it important to think about the future?
The essence of leadership is to play with the future. The future scenarios help you to envision possibilities and to make better decisions today.
Future thinking is a financially rewarding activity. Different studies show that
companies that can think about the future (future here is a 10-Y period) had 33% higher profitability and a 200% higher market capitalization growth.
By playing with different future scenarios you can eliminate blind spots in your thinking and illuminate and explore different ways that could come true in the future.
It’s about regularly asking yourself a “what if?” question.
What might the world be like in 10 years for your business area?
For those who would like to dig deeper: