|
Back to What We Do
 Scenario Planning
What is Scenario Planning?
Scenarios are stories about the future. They provide a
context that allows the business to consider how it might be affected under
different "what if" considerations.
How can Scenario Planning benefit the
business?
The pace of change in all business environments is
relentless even without the major impact of world events such as those we experienced in the last quarter of
2001 and those facing us in 2003. We have two options:
-
Play it by ear, react as best you can to what
happens and hope the business survives
-
Prepare contingency plans so that the business is
able to change quickly and minimize negative impacts and take
advantage of new opportunities
It is obviously impossible to plan for every eventuality
but through properly constructed scenarios those events that can have the
biggest impact on the business can be considered.
One additional benefit, that happens in practice, is
that Scenario Planning provides a learning opportunity to help everyone
understand the business strategy and improves communication across the
business.
How we can help
The process of scenario planning involves:
-
Understanding the business
and its key success factors
-
Creating stories for the
future
-
Assessing how the business
will compete in each story
-
Change the business
strategy if needed
MEC Services
Ltd can help you analyse the current state of the business through review
of the internal and external business environment and through interviewing
key directors and managers. We will then facilitate your team to:
-
review the findings from
the analysis
-
prepare and test scenarios
-
implement the strategic
changes that may be necessary
Top | 
Home