Enhancing Strategic Foresight through Scenario Planning PPT

This PPT slide, part of the 27-slide Scenario Planning Primer PowerPoint presentation, titled "Expansion of Thinking – Overview" outlines a framework for enhancing strategic foresight through scenario planning. The core benefit highlighted is the "Expansion of Thinking," which emphasizes the importance of broadening perspectives in strategic decision-making.

Under the "PROCESS" section, 2 key steps are presented. First, organizations are encouraged to develop a range of possible outcomes. This suggests that rather than relying on a single forecast, businesses should consider multiple scenarios that could unfold in the future. The second step involves backing each outcome with a sequence of events that could lead to those scenarios. This structured approach allows for a more comprehensive understanding of potential futures and prepares organizations for various contingencies.

The "VALUE" section delves into the implications of this process. It points out a common cognitive bias where people tend to expect the future to mirror the past, often overlooking the potential for significant change. By acknowledging this bias, organizations can better prepare for unexpected developments. The slide also emphasizes that illustrating how and why certain scenarios may improve or deteriorate can enhance readiness for future possibilities. This insight is crucial for leaders who need to navigate uncertainty and make informed strategic choices.

Overall, the slide serves as a compelling argument for adopting scenario planning as a method to expand thinking capabilities, enabling organizations to better anticipate and respond to the complexities of the future. It highlights the necessity of questioning past assumptions to uncover new opportunities and threats.

This slide is part of the Scenario Planning Primer PowerPoint presentation.

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Scenario Planning Strategic Foresight Cognitive Bias

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