Strategic planning is never an easy task, and it has gotten complicated with the pandemic. Baseline forecasts of revenue and costs are hard, and who knows whether a second wave or a vaccine will even change anything? Yet decisions must be made. The strategic planning process’s greatest value may be in identifying uncertainties and options even more than laying out a fixed path for the future.
This masterclass will introduce you and your leadership team to two powerful planning methodologies:
Strategic Planning: Create an operational planning document to guide company leaders and employees, and improve the executive team’s ability to identify, prioritize, assign opportunities, and contribute to your company’s improved performance. Leadership team members select high impact alternatives while building support necessary for successful implementation.
Scenario Planning: This “thinking around the corner” meeting helps teams consider alternative futures and prepare a successful response plan no matter the situation. The value of this technique comes from the deep dialogue provoked by different scenarios. The alternate views will help generate new insights about a company and its possible future. Thinking this way helps prepare contributors to notice and consider emerging ideas before others even perceive any change.
Scenario Planning is an excellent complement and second step to effective Strategic Planning. This may even be one of the few times these two powerful planning methodologies have been presented together in the same course
These planning approaches are directed at improving business performance. Improved performance is the result of better decisions and behaviors associated with the day-to-day communications used in conducting business. Improved decisions and behaviors are the results of improved ideas and insights. And improved ideas and insights are the results of how we think. Thinking is an improbable skill. Intelligence is our innate thinking capability, and how we think is how we use this capability.
Planning sessions with senior teams are crucial to a company’s success. Effective planning sessions improve the way senior teams think. When facilitated well, a team can come up with preferred alternatives (using specific techniques that provoke new ideas) while building support for the decisions (using specific techniques that promote dialogue). The results of these meetings – great decisions with support to confirm successful implementation – will direct the rest of the organization towards the future.