“KNOWLEDGE-BASED DECISION MAKING & FUTURE SCENARIO PLANNING“

Featuring John Austin, Ph.D.

November 3, 2011  

8:00am – 8:45am Registration, Continental Breakfast, Networking

8:45am – 12:00pm Program

12:00 – 1:00pm Lunch

Venue: Hanover  Marriott

1401 Rt. 10 E.

Whippany, NJ 07981

Vigilant leaders spot opportunities and threats before their rivals.  They sense and
react to weak signals earlier and spot new chances of market success before
others.  Leaders with this ability demonstrate competence at listening,
observing and dealing with ambiguity.  They look for signals that don’t fit
existing norms or patterns within their industry.  They channel their innate
curiosity to uncover disruptions and take best advantage of them.  Scenario
planning provides a disciplined process to guide this focus on the future and
offers a tool to manage key uncertainties.

In this session, we will examine the future of HR by examining the implications of
scenarios developed over the past several years.  We will examine the
implications of key uncertainties on key success factors and future proofing the
talent of your organization.  You will have the opportunity to work with your
peers to identify weak signals to monitor and leave with a key tool to help you
profit from environmental uncertainty.

The strategic checkup with implementation follow through is a great option.  This is the two minute drill of strategic planning.  Find a single day (perhaps on a weekend) and gather your key decision makers together for a disciplined look at the next 1, 3, or 5 years.  The trick is to keep it short but commit to the follow through.  Too many off-site planning sessions become wasted time after the fact when nothing ever comes of the ideas.  At DSI, we offer a process to keep the off-site meeting on task and interesting but we also have the expertise to help you design the implementation once the decision makers go back to their jobs putting out fires.

In the following video, John Austin describes how a strategic check-up can be an ideal approach to corporate planning during economic downturns.

Like any strategic planning process, scenario planning is only as good as the follow through. What is done with the strategy plannng outcome? How is the resultant strategy implemented?

We’ve found value in using an options-based implementation strategy as a path forward from the planning process. In addition, the options approach creates excellent opportunities for leadership development when combined with a change leadership cohort of key executives or high potential employees. I’ve always found my work coaching such cohorts immensely satisfying.

Scenario planning also creates rich insight that can be used as the basis for ‘conversation starter’ articles. Scenarios can spark new thinking by creating vivid stories of possible futures.

One example of such an output is the Scenarios for Credit Unions report DSI completed. This report is a great example of the kind of output our consultants can generate at the end of a scenario planning process.

For more on scenario planning see:

1. Scenario planning in finance
2. Implementing scenario planning in your organization
3. Interesting output from 1997 scenario planning exercise