![]() ![]() Benoit uses a familiar analogy to explain the concept: In the business context, signpost analysis can be helpful for understanding long-term strategic risks that, when taken in the aggregate, can have huge impacts on the organization. Former Canadian combat engineer and current Director of Enterprise Risk at VIA Rail Canada, Benoit Ladouceur, discusses signpost analysis and a variety of other quick risk assessment methods in a session from the annual Risk Awareness Week.Īs Benoit explains in his intro, risk managers can learn a lot from military and intelligence personnel about managing complex, uncertain situations. Originating from the intelligence community, signpost analysis is a tool used for predicting uprisings and other significant events. Signpost analysis is one tool organizations of any size and budget can use to understand long-term risks that slowly materialize. While companies like General Motors have their own methods for understanding long-term or future risks, many organizations tend to forego this type of risk assessment because of time, logistical, and other constraints. It can be hard to take the time to gaze into the future to anticipate what might occur, but it is vitally important to do so as best you can. ![]() In such a world, it is a matter of diligent preparation to ensure decisions and plans cater effectively to handling risks and uncertainties. While discussing the VUCA concept in his book Decide to Succeed, Hans Læssøe instructs us: As a growing number of examples show, ignoring long-term risks to strategic objectives can be devastating, especially considering the world of Volatility, Uncertainty, Complexity, and Ambiguity (VUCA) we find ourselves in. Put in lots of those lovely yellow signposts in your speech, and you'll soon be relaxing at the cafe of victory, tucking into the hot chocolate of triumph.With information and other demands for our attention bombarding us each day, it can be hard to think about the long-term. So effective signposting can point you the way to victory. Debates are won by the side who are more persuasive. You need to understand something before you can be persuaded by it. You need to remember something before you can understand it. Signpost well, and they will remember your argument. ![]() And remember: amongst your listeners are the judges, who decide who wins the debate. If you use signposting well, your listeners won't forget your points either. See what I just did? You won't forget my point about signposting.
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