The Weekly Stripe – 12.06.20

This week’s links explore the scenario planning approach and its relevance in today’s world. The framework combines a wide array of perspectives, as its strengths lay in the combination of interdisciplinary studies. It's a complex framework perfect for a global and interconnected world.

The Weekly Stripe – 12.06.20

 

The framework was institutionalized in the ’50s and was utilized as part of Shell’s planning strategies in the late ’60s by Jimmy Davidson and Ted Newman

The Weekly Stripe – 12.06.20

 

Interdisciplinarity and cross-departmental collaboration are the key characteristics of the framework and are also what makes it flexible to be used in a spectrum of industries

The Weekly Stripe – 12.06.20

Scenario Planning framework is flexible enough to incorporate quals and quants. Leveraging the power of Machine Learning, a group of professionals led by former White House Chief Data Scientist DJ Patil are working on a scenario-planning tool that modelled the potential impact of COVID-19 in order to answer questions like: “How many hospital beds will we need?” or “For how long should we issue a shelter-in-place order?”

The Weekly Stripe – 12.06.20

 

Companies such as Arup, Blue Origin and Frances’s Defence innovation agency are hiring sci-fi writers as scenario planning consultants

 

The Weekly Stripe – 12.06.20

 

For all the benefits, there is a downside to scenarios. The risk is that the organization follows an unclear direction, and doesn’t change much about its strategy