Scenario planning is a strategic planning method used for more than 50 years by government and private-sector organizations to make long-term and strategic decisions. It is used for making decisions about investing in assets when the (long-term) future in which the assets get deployed is unpredictable.
This two-day course is designed to introduce Scenario Planning through an active engagement of the student participants. The course begins with several real-world examples showing the difficulty of predicting the business environment and argues for the use of Scenario Planning to use to make long-lasting strategic decisions. The participants learn to develop scenarios for a case chosen for the exercise, by systematically assessing the uncertainty in the business environment.Finally, the participants apply the developed multiple scenarios to aid strategic decision making for the case.
Key Learning Outcomes
- Understand the challenges of long-range planning
- Learn how Scenario Planning addresses these challenges
- Develop and apply scenarios to make strategic decisions
- Assess robustness of strategic choices
- Use insights from Scenario Planning to build adaptive strategy
2-Day Program Structure
Who Should Attend
Middle and senior-level managers responsible for making strategic and long-range decisions for the business, supply chain, and operations.
The course fee is MYR 5,000 per person for the 2-Day program and includes instructor fees and course materials. Fees for the program at a single company will be discussed on a case-to-case basis.
Dr. Phadnis has applied, taught, and researched Scenario Planning for almost a decade. He has designed and led dozens of Scenario Planning workshops in the U.S., Europe, Latin America, and Asia to facilitate making of real-world strategic decisions by large corporations and government agencies. A policy document he co-authored is used by public transportation agencies in the U.S. for planning the investments in their freight transportation infrastructure. Dr. Phadnis has taught scenario planning in executive education as well as graduate programs at the Massachusetts Institute of Technology (MIT). His original research on Scenario Planning has been published in leading academic and practitioner-focused journals such as Strategic Management Journal, MIT Sloan Management Review, and Technological Forecasting & Social Change.
Dr. Phadnis holds a Ph.D. in Engineering Systems from MIT. He examines the design and adaptation of business models from the supply chain perspective. His research falls in the area of strategic decision-making and long-range planning, and contributes to the scholarly domains of managerial cognition, dynamic capabilities, scenario planning, and supply chain strategy.