Scenario planning allows one to make assumptions about the future through the use of reports and planning tools which identify likely patterns and outcomes and inform decisions. By being informed of likely scenarios, you can be better prepared, transforming challenges into opportunities.
All businesses, organisations and governments are faced with uncertainty, but by utilising scenario planning you can demystify the future and turn uncertainty into business confidence.
We can tailor any project to your specific needs, but as standard offer open access to over 120 ready-made predictive scans covering:
Megatrends | Key Drivers | UN SDGs | Social changes | Job outlooks | Sector prospects | Future technologies | G20 countries | Existential threats
By making informed decisions based on what could happen in the future you are protecting your business or organisation from costly mistakes.
There are many benefits of scenario planning and the ability to prepare for the future, including:
Not all decisions you make within your organisation will require scenario planning, but if you are engaging in anything that has an element of risk or is reliant on external factors, requires a large investment or has a need for success attached to it then foresight through the use of scenario planning becomes a ‘must have’..
As a starting point to your scenario planning, it can be valuable to carry out a Pestle Analysis, reviewing the key factors (Political, Economic, Sociological, Technological, Legal and Environmental) influencing your organisation to identify which future trends it may be useful for you to understand in more detail.
PESTLE can be developed with insight from Athena and our other planning tools and methodology for a truly informed planning process.
The scenario planning process will involve using the data gathered by Athena, and presenting a number of likely scenarios based on your initial query.
The Professional Academy provides a useful illustration to highlight in detail the scenario planning process and steps we will go through with you. To summarise, we usually follow the process below:
Once the likely scenarios have been identified, then you can move into a phase of scenario planning analysis, reviewing the scenarios and asking questions about the likely impact of each. For example:
Once you identify the possible impacts of each scenario you are better able to prepare for them and put steps in place to minimise the impact.
A word of caution here is to ensure that you review all possible scenarios (we will usually provide 4-5 as part of our assessment) and not just the one you think is most plausible. Scenario planning isn’t just about predicting one possible future scenario and planning for that, but more so dealing with all of the possible outcomes together so you can adapt and change as you see how the future unfolds.
It is also important to consider the longer term goals for your businesses and anticipate where that might change in the future too. For example, don’t just base your action plan on the current products or services you provide but also consider where you may take your business next for a complete strategy.
At Shaping Tomorrow we have carried out scenario planning activities for a number of industries including agriculture, food and drink, engineering, animal welfare, banking, healthcare, the environment, talent availability, manufacturing, logistics, Governments, science and technology and many more.
If you would like to find out more about our scenario planning services, then please contact us using the form below: