Scenario Planning

Synopsis of an article from Smarter with Gartner by Jackie Wiles Published 24th July 2020 This article explains that scenario planning is a critical tool for functional leaders to establish plans and line up immediate decisions and actions. “Those who understand how disruption affects enterprise strategic and operational decisions can make small but powerful changes to prepare their own teams to act on the risk and opportunities that come from volatility.” Caroline Angle, Principal, Advisory, Gartner. Scenarios don’t forecast the future; they explore what’s possible Scenarios are not predictions or contingency plans, they identify and develop strategic assumptions on how to respond in different likely scenarios. Know the objectives for your function Scenario planning needs to align to the companies broader vision, mission and goals but at the functional level it: Ensures focus on critical growth and transformation initiatives Establishes the highest priority decisions that go ahead no matter whichContinue Reading