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CXO Briefing: Innovation – Strategic Thinking For Uncertain Times

Enterprises are developing a new approach to strategy formulation in these increasingly uncertain times. Traditional planning methods and tools are inflexible and unsuited for the current rate of change. Strategies will have to be built collaboratively with customers, employees, and other key stakeholders, drawing on techniques such as weak signal detection, and the ancient art of storytelling .Firms that have shifted their mindset to exploiting these knowledge assets are seeing improvements in their corporate culture and ability to innovate.

As the recent financial crisis demonstrated a purely numbers/information based approach to business has fundamental weaknesses. People literally did not know what they were doing at times, let alone why. Far too much risk management relies on abstract symbolic representations understood if at all by a small elite. This is no basis to convert uncertainty into measurable and computable risk.

New ways of thinking about knowledge and information offer ways in which uncertainty can be managed in new ways. Methods must be found in which risk that cannot be reduced can be absorbed; and management thinking moved from strategies based on robustness (preventing all failure) to ones that embrace resilience (fast recovery and rapid exploitation of tolerated failure).

Who Should Attend:
CEOs, CMOs, CFOs, COOs, CIOs, Directors, Department Heads or those who want to innovate your strategic thinking to embrace the complex, the paradoxical, and the uncertain.
The Facilitator:

Dave Snowden is the Founder and Chief Scientific Office of Cognitive Edge and has pioneered a science based approach to individual and collective decision making in organizations. His article A Leaders Guide to Decision Making was the HBR cover article in November 2007 and won an Academy of Management award as the best practitioner paper in the Organizational Development Division of the Academy of Management that same year.

Venue & Fees

Date/Time:

27th March, 2012

Venue: Gun Room, Hong Kong Yacht Club
Fees:

HK$3,500 / Early Bird (if register before 19th March, 2012)
HK$4,000 / Standard

note: Lunch, refreshment & training materials included