Scenario Writing
strategic foresight technique; Identifying critical drivers and uncertainties and compiling detailed and probable stories of the future to prepare the organization against market shocks and discover new opportunities.
strategic foresight technique; Identifying critical drivers and uncertainties and compiling detailed and probable stories of the future to prepare the organization against market shocks and discover new opportunities.
instead of predicting the future in a single line, creates several parallel narratives (optimistic, pessimistic, technological transformation, regulatory shock) and formulates resilient strategies.
A company producing smart health watches writes various scenarios of 'productive artificial intelligence revolution' and 'strict biodata privacy regulations' and hardens its product portfolio.
Reducing the risk of strategic surprise, improving the agility and strategic thinking of managers, generating innovative and unrivaled ideas in the market.
The possibility of falling into the trap of impossible imaginations in the absence of valid data, the time-consuming development and follow-up of scenarios.
"Scenario Writing" is one of the most powerful strategic tools for managing uncertainty, which was first perfected in Shell Oil Company and Rand Think Tank (RAND). In this technique, the team identifies 3-5 critical drivers of the future (such as artificial intelligence leap, data privacy policies, global inflation) and models their mutual effects on the organization's key indicators. Then detailed narratives of each future are written and corresponding preventive and innovative strategies are extracted.
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