8 ways business managers can use fiction to prepare for the uncertain
Reading fiction has always been, for many, a source of pleasure and a means to be transported to other worlds. But that’s not all. Businesses can use novels to consider possible future scenarios, study sensitive workplace issues, develop future plans and avoid unplanned problematic events — all without requiring a substantial budget.
During the COVID-19 pandemic, many business leaders have learned how important it is for businesses to consider a wide range of possible outcomes and to enhance organizational adaptability. Relying on analyzing or projecting trends and extending what business leaders usually do is no longer enough to assure future success. When management is poorly prepared for the unexpected, businesses start getting into trouble.
Scenario planning, therefore, helps businesses keep themselves flexible and move quickly with market shifts. Scenario planning is a series of potential stories or possible alternate futures in which today’s decisions may play out. Such planning can help managers assess how they or their employees should respond in different potential situations.
How businesses can use novels
Unfortunately, scenario planning requires time and resources. And depending on its use, such as for an investigation, budgeting or legal matters, it can also require collecting sensitive data. That can include employees’ personal experiences of sexual, discriminatory or psychological harassment, suicide, mental health, drug abuse, etc.
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