Planning

Prospectus’ Scenario Planning Process

We start by looking at your business through two lenses: Strategy and Innovation. Once you are clear on your commercial objectives we turn our attention to the core issue of Sustainability, and specifically how it can deliver profitability while positively impacting on your people, our communities, and the planet. We do this through applying our Sustainability Business Value Framework.

What is Scenario Planning?

Scenario planning is a structured process that helps organisations explore and prepare for multiple possible futures. It enables leaders to think beyond the status quo, identify key uncertainties, and build strategies that are resilient in the face of change.

The Scenario Planning Process

1

Define the Focus

  • Identify the critical decision, challenge, or opportunity the organization is facing.
  • Set clear objectives for the scenario planning exercise.
2

Analyse the Environment

  • Gather data on key trends, uncertainties, and driving forces that could shape the future (e.g., market dynamics, technology shifts, regulatory changes).
  • Engage experts and stakeholders to uncover insights and perspectives.
3

Identify Key Uncertainties

  • Pinpoint the most significant and uncertain factors that could influence outcomes.
  • Prioritise these uncertainties to frame the scope of scenarios.
4

Develop Scenarios

  • Create 3-5 distinct, plausible future scenarios based on combinations of key uncertainties.
  • Ensure each scenario is internally consistent and represents a unique future context.
5

Evaluate Implications

  • Assess how each scenario impacts the organisation’s goals, strategies, and operations.
  • Identify risks, opportunities, and potential strategies for each scenario.
6

Develop Strategic Responses

  • Formulate flexible, robust strategies that align with the range of scenarios.
  • Define contingency plans to address specific risks and opportunities.
7

Integrate into Strategy Development

  • Use the scenarios to inform strategic priorities, initiatives, and resource allocation.
  • Ensure alignment between scenario insights and the broader strategic framework.
8

Monitor and Update

  • Regularly revisit scenarios to reflect changes in the external environment.
  • Update strategies as new trends and uncertainties emerge.

Why Scenario Planning Matters

By anticipating a range of possible futures, scenario planning equips organisations with the tools to:

  • Navigate uncertainty with confidence.
  • Identify hidden risks and opportunities.
  • Build strategies that are resilient, adaptive, and forward-thinking.

Ready to explore your future? Contact us to learn more about how scenario planning can empower your organisation to thrive in an ever-changing world.

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