I don't know if it is just me...but things on the National Economy seems to be getting a little scary. Pierre Wack, the father of Scenario Planning, once described Scenario Planning is a discipline for rediscovering the original entrepreneurial power of creative foresight in contexts of accelerated change,greater complexity, and genuine uncertainty.
It appears to me that some scenario thinking and strategic conversations are needed now in Washington DC and across our country. I am tired of being told every day on CNN, Fox, or MSNBC that recession in the United States is coming any hour . We will see how New York opens on Tuesday and if it has any effect on the panic selling of Asian Stocks.
All I know is that the Holiday Spirit is over, and we need to keep our eye on the" real green" or no Super Bowl for any of us. Your thoughts are appreciated.
Budman
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Perhaps it would be safe to assume that scenario planning is actually being done. The problem is in order for it to be effective, the right factors, uncertainties and therefore scenarios have to be given priority. In this article in http://www.coursework4you.co.uk/scenario.htm examples on successful scenario planning are given. But it would not have been so had top management not given buy in to the scenarios presented by their scenario planners.
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