Innovation matters

Scenario Planning for Turbulent Times

The most powerful technique for dealing with uncertainty is relatively unknown, even to many business managers/leaders.
Titanic Ship

Share this article with a friend or colleague:

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email

The most powerful technique for dealing with uncertainty is relatively unknown, even to many business managers/leaders. I thought I would write a quick post about it for anyone who is struggling with anxiety related to their future, Brexit, trade wars, economic worries etc.

The technique which I have found to be incredibly powerful for dealing with uncertainty is scenario planning. When implemented well it literally transforms anxiety into confidence. That’s why it is used by politicians, militaries, and top business leaders around the world.

There are different methods used for scenario planning but they generally include 3 parts:

  1. Understanding the context
  2. Developing potential future scenarios/ii
  3. Planning how you can deal with them

For more complex implementations, it really can drive you crazy so get help and proceed with caution. But for simple applications, it can be implemented very easily so if you haven’t already, why not give it a go?

Email updates on innovation matters

Every week, we look at the critical issues facing engineering. Our articles will help trigger your thoughts, and in turn, enhance your performance and results.

We will treat your contact details with respect. For further details, please refer to our Terms of Service and Privacy Policy.

Dr Mo Khan

Dr Mo Khan

Dr Mo Khan is a British engineer, innovation strategist, educator, and writer. His PhD investigated the application of Lean thinking to engineering innovation and new product development. He is also the T&C Director at Enhance Ltd.

We deliver game-changing
innovation services

Hit the orange button to learn about our games and other solutions

Leave a Comment

Your email address will not be published. Required fields are marked *

Read more

Related Posts

Scroll to Top