The goal of scenario planning is to better prepare your organization for future shocks. Dr. Paul Schoemaker gives an example of a DSI client who’s 2004 scenario planning exercise included a future scenario that anticipated the type of financial market turmoil we are now experiencing.
The client was a building supply company. They labeled [...]

Scott Snyder, Ph. D., CEO of Decision Strategies International, discusses the importance of an adaptable strategy that is able to adapt and respond to changing assumptions in an organization’s strategic environment.
He outlines the three pillars of an adaptive strategic planning process.
Pillar 1: Using multiple frames of reference. Recognize the company view and do not [...]

Dr. Paul Schoemaker discusses the costs and benefits of scenario planning. As he notes, the costs can be relatively minor because scenario planning can be added into a company’s routine strategic planning process. The benefits grow as environmental uncertainty grows. Scenario planning helps executives “see around the corner”. It helps them [...]