Situational Awareness

“The problem is, most managers aren't aware of the theories they're using, and they often use the wrong theories for the situation.“

Situational awareness is about knowing what is going on around you, and what potential threats and opportunities there might be. It is a critical foundation for successful decision-making. Situational awareness means sensing changes in the business environment as well as in organizational capabilities.

Situational awareness can be considered as a three-step process: perceiving the relevant information, properly comprehend the relevant information, and predicting the future state based on the available information.