How to manage in uncertainty

Adapt your approach ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   New from McKinsey & Company How to manage in uncertainty In normal times, organizations face numerous uncertainties of varying consequence; during periods of extreme uncertainty, however, the normal way of working becomes overstrained. Leaders must be equipped with the tools to plan, adapt, and respond to unprecedented crises. What are the best lessons to learn from an ongoing crisis? What strategies can help you manage uncertainty for your brand? How can you deliver value amid uncertainty? Check out these insights on how to implement new forms of leadership, new ways of working, and new operating models to cope with an uncertain future, with topics including: how to prepare for numerous outcomes a creative approach to problem solving new operating models to respond to extreme uncertainty how organizations can build a more empowered MRM function Read more When nothing is normal: Managing in extreme uncertainty In this uniquely severe global crisis, leaders need new operating models to respond quickly to the rapidly shifting environment and sustain their organizations through the trials ahead. Steer your business well   In conversation: Managing in extreme uncertainty The pandemic tested organizations' ability to find the right balance between overreacting and underreacting. Capturing lessons from this crisis will help leaders navigate uncertainty in the future. Build resilience   Six problem-solving mindsets for very uncertain times Even the most inscrutable problems have solutions—or better outcomes than have been reached so far. Here's how the best problem solvers crack the code. Get creative   Model risk management 2.0 evolves to address continued uncertainty of risk-related events Organizations this year plan to enhance their MRM framework capabilities—including risk culture, standards, and procedures—and to upgrade their validation resources with MRM 2.0 firmly on the agenda. Understand the year ahead   Building value-chain resilience with AI Value chains are facing increased uncertainty. A threefold approach underpinned by artificial intelligence can help companies adapt to rapidly changing markets and operational challenges. Check out the threefold approach   Scenario-based cash planning in a crisis: Lessons for the next normal Five best practices can ensure organizations are fully prepared for future challenges. Prepare and plan better   How to future-proof your organization From project-based work to a lack of hierarchy, the way people work is changing fast. Organizations that plan for the postpandemic world are better able to deliver value—even amid uncertainty. Disrupt or be disrupted   Building the internal-audit function of the future Due to the pandemic, many organizations have prioritized short-term priorities for internal-audit functions, but now is also the time to recalibrate for potential long-term uncertainty and complexity. 3 areas for action   The resilience imperative: Succeeding in uncertain times Strengthening institutional resilience has never been more important. Emerge stronger   To see more essential reading on topics that matter, visit McKinsey Themes. — Curated by Bifen Xu, a digital project manager based in New York Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our Risk Management alert list. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007