Please login here to save this document to a list.
If you don't have an account, you can register for free here.
BENEFITS OF DOCUMENT
DOCUMENT DESCRIPTION
Even before COVID-19, the world has been witnessing accelerating change and increasing complexity, partly due to the speed of technological development and adoption.
Strategic foresight includes a collection of method to help consider and anticipate an array of possible futures that could impact an organization, making it more adapt at facing "VUCA" – volatility, uncertainty, complexity and ambiguity.
While a strategic foresight exercise traditionally focused on a 10- to 20-year time horizon, the high levels of uncertainty created by the COVID-19 pandemic requires looking at significantly shorter time horizons.
With the traditional strategic planning assuming a reasonably stable
environment, the strategic planning process can be enhanced by embedding foresight methods and tools.
Contents
1. Strategic Foresight Overview
• Context
• Key definitions
• Why use strategic foresight
• What strategic foresight is not
• Traditional strategic planning versus strategic foresight
• Barriers to strategic foresight and potential counteractions
• Benefits of strategic foresight
• Critical considerations for strategic foresight during a crisis
• A futurist approach to strategic planning for a given uncertainty
2. Strategic Foresight Methods
• The Foresight Diamond
• Examples of foresight methods
• Two directional orientations of foresight methods
• Common tools for corporate foresight practices
3. Strategic Foresight Frameworks
3A. Generic Foresight Process Framework
• Key activities and associated questions
• Key elements and their impact on the process
• Key activities and associated tools
3B. Integrated Foresight Framework
• Key activities and associated tools
• Integrated foresight process
3C. Corporate Foresight Framework
• High-level process based on MNC practices
• Foresight integrated long-term planning
3D. Framework Foresight
• Process with the description of each phase
• Process with the outcome of each phase
4. Undertaking a Strategic Foresight Project
• Phase 1: Frame
• Phase 2: Scan
• PESTEL analysis sample factors
• PESTEL analysis factors – summary slide
• Impact/uncertainty matrix – based on input from PEST or PESTEL analysis
• Impact/uncertainty matrix – summary slide
• Phase 3: Futurize
• The futures cone with alternative futures
• 2 x 2 scenario matrix – summary slide
• Identified key scenarios descriptions – summary slide
• Three horizon approach with scenarios embedded
• Phase 4: Envision
• Phase 5: Design
• Backcasting milestones
• Phase 6: Adapt
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Strategic Planning, COVID-19, Strategic Thinking, Environmental Analysis PowerPoint Slides: Strategic Foresight and Uncertainty PowerPoint (PPTX) Presentation, ILMAM - Strategy & Management Consulting
ABOUT THE AUTHOR: ILMAM - STRATEGY & MANAGEMENT CONSULTING
ILMAM is a strategy and management consulting provider that specializes in:
• Strategic management, including strategic planning and performance management
• Strategy enablers, such as key business processes and governance
Select top quality guides and tools are offered through to enable you to perform work at your company or support your clients effectively and efficiently.
ILMAM - Strategy & Management Consulting has published 7 additional documents on Flevy.
DOCUMENT DETAILS
![]() | Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more. To receive this free download, enter your email address below and click the "Email Me" button. |
|
"I have used Flevy services for a number of years and have never, ever been disappointed. As a matter of fact, David and his team continue, time after time, to impress me with their willingness to assist and in the real sense of the word. I have concluded in fact that it is not at all just a repository of documents/resources but, in the way that David and his team manage the firm, it is like dealing with consultants always ready to assist, advise and direct you to what you really need, and they always get it right.
I am an international hospitality accomplished senior executive who has worked and lived during the past 35 years in 23 countries in 5 continents and I can humbly say that I know what customer service is, trust me. Aside from the great and professional service that Flevy's team provide, their wide variety of material is of utmost great quality, professionally put together and most current. Well done Flevy, keep up the great work and I look forward to continue working with you in the future and to recommend you to a variety of colleagues around the world." – Roberto Pelliccia, Senior Executive in International Hospitality
|
|
"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."
– David Harris, Managing Director at Futures Strategy
|
|
"As a consulting firm, we had been creating subject matter training materials for our people and found the excellent materials on Flevy, which saved us 100's of hours of re-creating what already exists on the Flevy materials we purchased."
– Michael Evans, Managing Director at Newport LLC
|
|
"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."
– Chris McCann, Founder at Resilient.World
|
|
"Flevy.com has proven to be an invaluable resource library to our Independent Management Consultancy, supporting and enabling us to better serve our enterprise clients.
The value derived from our [FlevyPro] subscription in terms of the business it has helped to gain far exceeds the investment made, making a subscription a no-brainer for any growing consultancy – or in-house strategy team." – Dean Carlton, Chief Transformation Officer, Global Village Transformations Pty Ltd.
|
|
"[Flevy] produces some great work that has been/continues to be of immense help not only to myself, but as I seek to provide professional services to my clients, it give me a large "tool box" of resources that are critical to provide them with the quality of service and outcomes they are expecting."
– Royston Knowles, Executive with 50+ Years of Board Level Experience
|
|
"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."
– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
|
|
"FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight – it's like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead."
– Roderick Cameron, Founding Partner at SGFE Ltd
|
![]() Do You Want to Get Lean?
We've assembled 40 Lean Six Sigma guides: Lean Management, Six Sigma, Strategy Planning, Process, and Change Management.
|
![]() Waste Too Much Time on PowerPoint?
Get our FREE PowerPoint Plugin (Flevy Tools) for creating common business diagrams, from Gantt Charts to Harvey Balls.
|
![]() Do You Run a Consulting Firm?
Learn how to level the playing field with global consulting firms, like McKinsey, BCG, Bain, E&Y, and Accenture.
|
![]() Need Help with PowerPoint or Excel?
Have our highly trained staff create the exact documents you need. We offer PowerPoint and Excel document creation services.
|
© 2012-2023 Copyright. Flevy LLC. All Rights Reserved.