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Radiology in 2020 - Aaarad.org

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The existence of strategic risk is a function of theunpredictability of the future. Consequently, manag<strong>in</strong>gstrategic risk cannot h<strong>in</strong>ge on improved prediction.However, it is possible to bound the range of possiblefutures that one might face. This is best done withscenarios.By creat<strong>in</strong>g a number of scenarios that def<strong>in</strong>e the“possibility space” over a relevant time horizon, one cancreate a framework for discuss<strong>in</strong>g the future withouthav<strong>in</strong>g to stake future success on guess<strong>in</strong>g right.The Strategy ParadoxM. Raynor

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