Copyright (c) 2012 John L. Jerz

Scenario Planning: A Field Guide to the Future (Wade, 2012)

Home
A Proposed Heuristic for a Computer Chess Program (John L. Jerz)
Problem Solving and the Gathering of Diagnostic Information (John L. Jerz)
A Concept of Strategy (John L. Jerz)
Books/Articles I am Reading
Quotes from References of Interest
Satire/ Play
Viva La Vida
Quotes on Thinking
Quotes on Planning
Quotes on Strategy
Quotes Concerning Problem Solving
Computer Chess
Chess Analysis
Early Computers/ New Computers
Problem Solving/ Creativity
Game Theory
Favorite Links
About Me
Additional Notes
The Case for Using Probabilistic Knowledge in a Computer Chess Program (John L. Jerz)
Resilience in Man and Machine

WadeSP.jpg

Is your business ready for the future? Scenario planning is a fascinating, yet still underutilized, business tool that can be of immense value to a company's strategic planning process. It allows companies to visualize the impact that a portfolio of possible futures could have on their competitiveness. It helps decision-makers see opportunities and threats that could emerge beyond their normal planning horizon.
 
Scenario Planning serves as a guide to taking a long-term look at your business, your industry, and the world, posing thoughtful questions about the possible consequences of some current (and possible future) trends. This book will help you:
  • Outline (and help you prepare for) any trends that could play out in the future that could change the political, social, and economic landscapes and significantly impact your business
       
  • Explore the impact of technological advances and the emergence of new competitors to your business
       
  • Examine challenges that are only dimly recognizable as potential problems today
This visual book will help you answer this question: Is my organization ready for every possibility?

ix "The problem with the future is that it is different. If you are unable to think differently, the future will always arrive as a surprise." Gary Hamel
 
p.3 management, unlike science, is entirely future-oriented.
  As a manager, most of the decisions you make today - and all of the really big ones - have to do with improving the chances for your organization to perform well in the future.
 
p.4 in order to succeed over the long run, you'll have to succeed in the world as it will exist in the future... In this as-yet-unknown future landscape, your company will have to be competitive. 
 
p.9 Instead of developing in a nice straight line, the road to the future twists and turns. It's forked, bumpy, and full of potholes and unexpected dead ends. The guardrails are flimsy. And there are very few road signs to guide you... we need to figure out a way to see where the road ahead is leading. That way is called scenario planning.
 
p.10 You will never be able to see with absolute certainty today the one and only future that will materialize
 
p.10 a methodology does exist that can help you visualize the future. Or to be more precise, it doesn't help you see the future, but a range of alternative futures. Each one of these futures, called scenarios, could plausibly emerge, depending on how developments that are going on today continue to unfold... By creating several alternative visions that you believe have a reasonable chance of emerging, you are in a better position to prepare yourself and your organization for the flexibility you'll need to face whichever future does, in fact, unfold.
 
p.14 the key skill you need as a business leader to maximize your company's chances of success over the long term: the ability to anticipate the changes that could emerge in your landscape tomorrow. Only with this understanding is it possible to confidently make the decisions that will help prepare your organization for the changes to come.
 
p.15 scenario planning aims to illuminate and explore different ways the future might realistically develop. The scenarios generated by this thinking... should be regarded as insightful indicators of what could come to pass in the future, depending on the breaks.
 
p.21 planning isn't a question of predicting the future but preparing for it - no matter which future actually unfolds.
  In this new mental framework, the function of planning is to explore these possible futures and then confidently take the steps needed to improve your organization's flexibility and responsiveness to the different opportunities and threats these futures may bring your way.
 
p.36 What exactly is a driving force? In a nutshell, a driving force is something with the potential to bring about significant change in the future. It may be a trend, already clearly defined and understood... Another kind of driving force is a variable that has the potential to change the future in significant ways but is not very predictable as it is itself dependent on several factors.
 
p.42 "interestingness"
 
p.52 From a scenario planning point of view, the best strategy is the one that gives the organization the greatest degree of flexibility. As the future takes shape (whichever future it happens to be), you will want room to maneuver.
 
p.66 It would be easy to think of scenario planning as a tool that is mainly useful to planners and decision makers in the business world... But this is shortchanging the potential value of the technique to so many other kinds of organizations, which can also use scenario planning to peer into the future and explore the alternative environments where, perhaps measuring success in different terms, they need to be every bit as effective as a business that is aiming to grow its market share or profits.

Enter supporting content here