What is Scenario Planning & How to Use it in Your Strategic Plan

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SME Strategy

SME Strategy

Күн бұрын

#ScenarioPlanning is a great tool to analyze multiple possible versions of the future when there are several "uncertainties" about what may happen.
As you are working through the #StrategicPlanningProcess? Pick out a few uncertainties that exist in your organization and plot them on a graph like the one in the video. This strategy framework helps to illustrate four possible scenarios for the future. Each scenario will require different reactions and plans.
Scenario planning is a way to hedge your bets on your #StrategicPlan and to address uncertainty in the planning process. It's like you're creating four different strategic plans, and as you get closer to the reality that's actually going to happen then you can adapt your plans as needed.
For more information on the scenario planning process, visit: www.smestrategy.net/blog/what-...
00:00 Introduction
00:51 Key Uncertainties About the Future
01:24 Consumer Trends
02:38 Brainstorming and Charting Uncertainties
03:57 Long-Range Planning
04:26 Uncertainty Into Scenario Planning
09:09 Recap of Scenario Planning
09:34 Scenario Planning Matrix
10:16 Scenarios as Part of Your Strategic Plan
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// About SME STRATEGY CONSULTING:
SME Strategy is a management consulting firm that specializes in helping organizations develop and implement their strategic plans. We work with teams to facilitate conversations about strategic direction and business strategy so that our clients can focus their energy on what will move them forward faster.
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Пікірлер: 13
@artofdance77
@artofdance77 Жыл бұрын
Possible scenarios are actually 4^9 = 262144. Unless you are Dr Strange, the average executive would not be capable of rationally thinking about future scenarios at a level of resolution sufficient to prepare confidently. This is a kindergarten-level simplification of preparing for the future that fits well into cognitive RAM though is a low resolution image of possibility. There can be an algorithm that funnels the larger set based on emergent data. There is also the fact that the future rolls forward and we only track what has contextual meaning to us- so you are always creating new scenarios based on the sliding window and new uncertainties added to the mix as we don't track all possible variables (e.g. meteor hitting earth, Yellowstone errupting suddenly, global pandemic). Still, it's a cool heuristic and I appreciate you taking the time to share. Thank you.
@jamilamunir9126
@jamilamunir9126 5 ай бұрын
MBA is altogether a new subject for me but very well explained.Stay blessed
@leviwanyoike
@leviwanyoike 4 жыл бұрын
This was very well explained. I I’m doing scenario planning for the next phase of my career and life.
@dianayangfan
@dianayangfan 2 жыл бұрын
Great video. I love it so much! Content is explicit. Great job!
@nearlv7540
@nearlv7540 3 жыл бұрын
Great illustration 👍
@greshalabuddhi7384
@greshalabuddhi7384 2 жыл бұрын
Wow...great explanation .Thank you
@dawoodcader7551
@dawoodcader7551 3 жыл бұрын
A big thank you from South Africa, got a big test tomorrow I;m prepping for lol thanks again
@SMEStrategyINC
@SMEStrategyINC 2 жыл бұрын
I hope it went well!
@milangorkhali
@milangorkhali 4 жыл бұрын
Explained in a very simple and effective way
@YoungKidT
@YoungKidT 2 жыл бұрын
Here comes my distinction
@user-mg8ru9dt9w
@user-mg8ru9dt9w 4 жыл бұрын
即係口水佬.....
@SMEStrategyINC
@SMEStrategyINC 4 жыл бұрын
我不明白你
@t.parnold9328
@t.parnold9328 3 жыл бұрын
@@SMEStrategyINC 这是个聪明的答案!
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