| The tyranny of the present | |
| Lodestar helps clients fight free of what we call “the tyranny of the present”—the all-too-human tendency to focus on right now.
Changes in near-term market conditions have to be managed. So do responses to regulatory change, political events, technology movements and the many global trends shaping the operating environment. The partners in The Lodestar Collaborative team with clients to lift their perspective above the immediate horizon to focus on how choices made today shape the future they create for themselves. |
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| Lodestar helps clients make choices | |
| Here is Lodestar’s premise: Modern enterprises must make strategic choices with an eye to the future. Yet increasingly they make choices on the basis of data-driven modeling. These models are built with reference to what has happened, and are inescapably backward looking. And yet they’re used to plan for the future. That increases the probability of missed opportunities, misdirected resources and blindside risk. | |
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| Resilient Governance is a structured process | |
| The process begins by understanding the assumptions—and the interaction among them—that drive choices. This yields an outside-in perspective of where an organization sees itself relative to forces for change—business risk, financial uncertainty, shifting market preferences and many other externalities. An enterprise using this process is ready for immersion in alternative-futures planning (AFP). The objective of AFP is not to pick a most likely scenario. The objective is to expand the resiliency of a business model to manage shocks and seize opportunities across a range of plausible operating environments. Organizations like Pfizer, IBM, NASA and the US Coast Guard will attest to its power. |
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| More than a peek over the horizon | |
Too often in the course of strategy development insufficient thought is given to the back end of the work—the coherence between where the organization determines it wants to go and what it does to get there. To assure this coherence, the final segment of a Resilient Governance engagement—the implementation phase—is the “inside-out” work of institutionalizing a new context for decision making and the execution of core strategies. It is a new context for governance. A central element of this work is the development of a custom dashboard that:
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| Who are Lodestar’s clients? | |
| Lodestar’s clients are the senior teams of organizations trying to build their businesses, not merely defend them. They include executives with a planning portfolio, a focus in enterprise risk management or a role in corporate governance.
To learn more about how Lodestar’s collaborations work click here.
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