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Editor's Note: Take a look at our featured best practice, Scenario Planning (23-slide PowerPoint presentation). Scenario Planning, also called Scenario Thinking or Scenario Analysis, is a Strategic Planning technique used to anticipate and prepare for potential future events and their impact on an organization, so that organizations can make flexible long-term plans. Scenario Planning involves creating [read more]
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Major, uncertain shifts in the organization’s environment call for a resilient strategy that will keep the organization 
either afloat or, better still, ahead of the game. We need a tool that will test the flexibility of our existing strategy against various possible future alternatives.
It should be that powerful that it can allow us to think about how changes can impact business and determine what is required to succeed and develop a resilient and effective strategy.
Scenario Planning is a powerful tool that allows organizations to identify and understand the underlying drivers of significant change. It is a planning tool to make flexible long-term plans that will help us deal with major, uncertain shifts in the organization’s environment.
In fact, Scenario Planning, also known as Scenario Analysis, can be one of the most sophisticated and elegant techniques in Corporate Strategy when done the right way. That is why it’s such a common tool used by management consultants. In this article, we will describe a 6-phase process used by Consultants for Scenario Planning.
Following the approach to Scenario Planning for consultants can help identify a specific set of uncertainties as well as different realities. By brainstorming, we get to identify major issues that can impact on the sector or our organization. By clustering, we get to prioritize and select the top 2 drivers of change.
By defining scenarios, we get to explore uncertainties correlation and illuminate “what might be” to better understand associated risks with any path forward.
Creating and understanding scenarios can help us better adjust our strategy to better thrive and succeed in uncertainty. More importantly, Scenario Planning is essential as no consulting firm can ever predict the evolution of the market. There are just too many uncertainties that we cannot just predict the future. But, we can still strategize uncertainties. We just need to master Scenario Planning as a major planning tool in our strategist’s armory.
Interested in gaining more understanding of the Scenario Planning for Consultants? You can learn more and download an editable PowerPoint about Scenario Planning for Consultants here on the Flevy documents marketplace.
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These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.
