By Glen Hiemstra | October 13th, 2011
Have you ever wanted to learn a bit more about scenario planning as a tool to expand your planning horizon?
This past summer I had the opportunity to lead a group from the National Association of Electrical Distributors in a workshop on future trends and preferred future planning. The participants, all part of the Lake Michigan Club, were owners and managers of companies that ranged in size from small businesses to large national distributors and manufacturers. Their business is to supply the building and construction industry with an A-Z supply of electrical equipment, from conduit to switches to fixtures. Of course it is an industry struggling to manage during the construction down times we are in. Here is a short video about their annual meeting, with a brief clip of me discussing preferred future planning.
Following the workshop, I was invited by the Association to produce for them a “Scenario Planning Playbook” and a short video encouraging their membership to take a look at it. Scenario planning can be an excellent tool for companies that faced with a volatile and uncertain future environment, because considering alternate scenarios enables you to plan flexible strategies. The association has made the Scenario Planning Playbook available through their website, where you can also watch the video. If learning about scenario planning has been on your agenda, check it out.