Scenarios can be very strong planning tools qualitatively, and get you the best time-value result.
"Digital Master” is a series of guidebooks (28 + books) to perceive the multi-faceted impact digital is making to the businesses and society, help forward-thinking organizations navigate through the journey in a systematic way, and avoid “rogue digital.” It perceives the emergent trends of digital leadership, provides advice on how to run a digital organization to unleash its full potential and improve agility, maturity, and provide insight about Change Management. It also instructs the digital workforce on how to shape a game-changing digital mindset and build the right set of digital capabilities to compete for the future. Here is a set of “scenario” quotes in “Digital Master.”1 You can use your scenarios to explore how your current strategies will or will not help you against possible disruption and compare your strategies to your current competitors and even invented future competitors.
2 What valuable about even quick high-level scenario planning is that you can often establish a set of “What-if’ scenarios with agreed-to response plans in place.
3 Scenarios can be very strong planning tools qualitatively, and get you the best time-value result.
4 A good middle ground is to estimate a range of potential impacts for each scenario; then itemize the steps and costs required to create a detailed plan once the disruption appears to be certain. This gives immediate guidance and allows everyone to anticipate costs and effort if/when the market changes.
5 By sharing a simplified table that identifies the drivers and trends underlying each scenario using a high/medium/low quantity measure, the comparison can still be made to your quantitative plan around specific assumptions.
6 When you think of scenario planning, think of risk management. One common practice is to identify measures that provide insight into whether an identified risk is becoming real and to meter any investment to deal with it based on the monitored results.
7 While scenario planning can benefit from computer simulations, scenario planning is less formalized and can be used to make plans for qualitative patterns that show up in a wide variety of simulated events.
8 If the decision-making scenario is well designed and executed, you have the highest probability of getting the best outcome in the state of knowledge accessible at the time of decision.
9 A systematic Change Management scenario is based on ‘logic’ which is a key component of the critical thinking process generally. Driving paradigm shift is not a passive activity, it’s a proactive pursuit and it takes the logical scenario to go digital.
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