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 futures. Thinking this way helps prepare contributors to notice and consider emerging ideas before others even perceive any change.
