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Some pitfalls to avoid
- Don't fall into the trap is to be paralyzed by the multitude of possibilities. Keep it simple and focus on two major uncertainties.
- Don't believe that you have to choose one particular scenario and build your strategy around it. Scenario planning is not about choosing just one option for the future but rather dealing with all of the possible outcomes to develop a strategy that will stand the test of all scenarios.
- When developing your different scenarios, try to not look at the short term. Do not hesitate to look far ahead, anticipating what the market and competitors are going to be over the next years.
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Scenario planning
It aims to define your critical uncertainties and develop plausible scenarios in order to discuss the impacts and the responses to give for each one of them. If you are aware of what could happen, you are more likely to deal with what will happen.
It involves identifying a specif...
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How to use scenario planning
- Identify your driving forces: the big shifts in society, economics, technology and politics in the future and see how it will affect your company.
- Identify your critical uncertainties: pick 1-2 of the driving forces (with the most impact).
- Develop a range of ...
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Use scorecards to allow people to see the logic behind your strategic choices and lay out what good looks like for your strategy.
- In a meeting, have everyone identify two initiatives or ideas they were involved with developing recently (one which was a good str...
There is no single way to lead a minimalist life
Minimalism is often seen as an all-white room containing few furniture pieces. There are no colors or patterns or decorative accents that don't serve some function. However, this is not true.
Minimalism can look very different from one person to the next. Pictures of well-organised shelves...
How to study 📚🦋💻📑
Get organized
- Carry a homework planner at all times. Entering homework, projects, tests and assignments as soon as they are assigned will make sure they aren’t forgotten about.
Pay attention in class
- It’s important to concentrate and avoid distractions when t...
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