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Determine whether these risks and opportunities are likely to significantly alter the work and action your function will perform to support the chosen strategy, and Belarus Phone Number List plans to address them. How do you turn scenarios into action plans for your function? Once the implications, risks and opportunities are clear, make sure to apply the following tips: Test existing projects, initiatives and plans against each scenario. Identify safe options that work in all scenarios, and riskier bets that are only relevant for one or two scenarios. Brainstorm Belarus Phone Number List projects, initiatives, or plans needed to fully succeed in each pre-established scenario.
Adjust the strategy, objectives and projects or initiatives relating to each function if necessary for a given scenario. Turn these adjustments into action plans for each scenario by deciding which levers (people, processes, systems, budget, etc.) you need to use to achieve business goals, manage risks, and capitalize on opportunities. Ensure that your teams' thinking is pragmatic, leading them to define precise and achievable actions. Make sure the Belarus Phone Number List plans match the severity of the implications and relate to the main objectives of the function in question within the company. Watch for indicators that a particular scenario is beginning to emerge to focus on informing what actions to take. Identify triggers that will automatically drive your action plans. Your Belarus Phone Number List plan may indicate, for example, that a given function within the company will have to reduce its budget by 5 or 10% in the event of a serious financial crisis. How does scenario planning feed into functional strategic planning? Scenario planning is often used to complement a strategic planning process.
Scenarios allow you to determine appropriate courses of action or strategies for different possible future situations, and thus indicate how to respond to those specific future conditions, and what set of actions it would make sense to implement, regardless of or how events unfold. But, be careful, the scenarios do not have the capacity to provide you with forecasts or trends. Their function is to explore opportunities and Belarus Phone Number List the risk factor as much as possible. However, the assumptions described in the scenarios are themselves useful for supporting or challenging the strategies. In the scenario planning process, you need to document the actual conditions that are likely to occur if the established scenario occurs.
Adjust the strategy, objectives and projects or initiatives relating to each function if necessary for a given scenario. Turn these adjustments into action plans for each scenario by deciding which levers (people, processes, systems, budget, etc.) you need to use to achieve business goals, manage risks, and capitalize on opportunities. Ensure that your teams' thinking is pragmatic, leading them to define precise and achievable actions. Make sure the Belarus Phone Number List plans match the severity of the implications and relate to the main objectives of the function in question within the company. Watch for indicators that a particular scenario is beginning to emerge to focus on informing what actions to take. Identify triggers that will automatically drive your action plans. Your Belarus Phone Number List plan may indicate, for example, that a given function within the company will have to reduce its budget by 5 or 10% in the event of a serious financial crisis. How does scenario planning feed into functional strategic planning? Scenario planning is often used to complement a strategic planning process.
Scenarios allow you to determine appropriate courses of action or strategies for different possible future situations, and thus indicate how to respond to those specific future conditions, and what set of actions it would make sense to implement, regardless of or how events unfold. But, be careful, the scenarios do not have the capacity to provide you with forecasts or trends. Their function is to explore opportunities and Belarus Phone Number List the risk factor as much as possible. However, the assumptions described in the scenarios are themselves useful for supporting or challenging the strategies. In the scenario planning process, you need to document the actual conditions that are likely to occur if the established scenario occurs.