Scenario Planning
Four Key Elements
in organisational scenario planning
Corporate Level Planning
High Level planning and execution from leadership
though effective communication and influence.
People
The most important asset of the organisation that
requires leaders to empower them.
Finance
Maximising shareholder value through long
and short term considerations when dealing
with organisation scenario planning.
Operations
The core activities of the organisation
such as manufacturing, logistics, technology, marketing
and others that require relentless attention when
doing scenario planning.
Organisational Scenario Planning
Scenario Planning cannot kick start without a thorough understanding of the key drivers of the organisation. At a broad level, Strategy, Human Capital, Delivery and Value are the four key elements of the business that forms the core of organisation. With the core activities in mind, scenario planning can then be made relevant to the critical components of the business, so that the main objectives of scenario planning below are met:
1.Foster useful strategic conversations between key executives & managers
2.Overturn biasness and not “Taking current situation for granted”
3.Enhance responsiveness to potential challenges
4.Build deep understanding of all business drivers
5.Pause, Think and Combat excessive optimism
6.Generate and assess innovative options
© STEEL Advisory Partners Singapore
