Training & Development Program: Scenario Planning
Currently, businesses face the prospect of an uncertain economic recovery which, in itself, is a big enough headache. However, there are even more significant problems ahead for managers and business leaders. The world is undergoing a once in a life time metamorphosis in the global balance of political and economic power. No one knows with certainty which economies will shape the world in the coming decades. Scenario planning can help us prepare for these new futures.
These pressures mean that traditional business planning processes – that consider only one possible future – are obsolete. This scenario planning training program aims to provide managers and leaders with the tools necessary to create:
(a) a range of possible future scenario that their businesses could face and
(b) strategies that are robust enough to deliver results in different future worlds.
Scenario planning is an established technique for dealing with uncertainty but it is not widely used as most approaches take time and are resource hungry. The approach used in this course overcomes both these pitfalls, allowing scenarios to be rapidly developed without complex and resource draining activities.
Course Content Summary
The focal point of this typically one day event is the provision of the tools that will help delegates to envision the range of possible futures that their business will face. The program will encompass:
* Why traditional business planning techniques will fail.
* The key differences between scenario planning and forecasting.
* Understanding the key forces that inter-act to shape the future. Delegates will learn how to identify these forces and their potential to disrupt the marketplace by examining real-life case studies from financial services, technology and consumer goods sectors.
* How to define scenario questions and themes.
* How to develop a scenario timeline showing the interaction of key forces.
* Scenario construction.
* Development of implications for delegates’ businesses.
* Tests of strategic robustness – will current strategies win through?
* Development of an early warning scorecard.
* How to present scenarios in a simple visual format.
* Resources for the scenario builder.
Critically,delegates will use these techniques to build a sample scenario during the course.
After the course delegates will have a practical appreciation of: * How scenario planning can help businesses manage uncertainty. * Drivers of change in the marketplace and how to build future scenarios. * The tools and approaches to use. * How to make scenario planning part of the day-to-day life in the organisation as opposed to a one-off exercise. * Presentation methods. * How to use early warning indicators.