Scenario Planning for Strategy Development in a VUCA World

Business decisions face many challenges in today’s VUCA (Volatile, Uncertain, Complex, and Ambiguous) world, making it hard to see through the fog in highly complex, contradictory situations. Yet, in the artificial, extreme worlds of scenario planning, strategic implications of possible future realities become very apparent providing a unique opportunity to develop robust strategy. Scenario Planning for Strategy Development helps navigate the uncertain future by providing a comprehensive framework to identify, classify and develop strategies to mitigate key external uncertainties.

Attend this introductory course and learn to broaden your decision frames to address business landscape uncertainties. Learn to rank and identify the most critical uncertainties your projects face, describe different possible future worlds, develop winning strategies for each world, and qualitatively assess their robustness across the breadth of future scenarios. You will work on an interesting green technology business expansion case that explores taking a successful product line to new, promising markets with uncertain business landscapes. Sound familiar? Learn a practical and repeatable workflow that enables you to facilitate scenario thinking easily and increase the chance of success of your business decisions.

Applicable topics:

• Decision framing

• Scenario planning

• Energy transition uncertainty management