Organizations cannot predict or control the future of its business environment so it is impossible to determine one ‘right’ strategy. An organization's managers need to be alert to what is happening in the world and what might happen, so they can quickly recognize meaningful changes and innovate to adapt to them. Scenario planning develops a set of carefully constructed, plausible stories about how the future might unfold over upcoming years.
Scenario analysis challenges an organization’s assumptions about the present and the future by seeking out different and provocative perspectives from innovative people. Frequently, management strategies are based on the assumption that the past will repeat itself, or on managers’ own forecasts about the most probable future of their industry. Scenario development encourages managers to verbalize their assumptions so the group can develop proactive strategies based on them.
Scenario planning and analysis is an excellent method for organizations to encourage innovation. Based on Stakeholder Engagement input, in a series of workshops, we facilitate your team to develop, analyze, and understand possible scenarios as input to the Strategic Planning process.
