If your shop or factory is gutted by fire tonight, do you have any plan you can easily switch over to? If suddenly, government comes up with a policy that catches everybody unaware, do you have any plan on ground to weather the storm?
Scenario planning is a strategic planning method that organizations use to make flexible long-term plans. It is taking a trip into the future and have a glimpse of what might happen and come back to the present and plan in advance
Royal Dutch Shell have over 600 scenarios planned and ready to be executed within 24 hours. If there is an earthquake in any nation they are operating in, they have a well planned strategy on what to do within 24 hours.
I am sure you heard the story of how different nations are having issues with the Chinese phone maker, Huawei Technologies Co Ltd.
They use the Android operating system which is owned by Google. Unfortunately, because of the issues they are having with American government, Google stopped their access to Android. But something happened recently that exemplified the power of Scenario Planning.
According to Abacus News, “For years, Huawei’s operating system was one of the Chinese company’s best-kept secrets.
Seven years ago, behind closed doors in a lake villa in Shenzhen, Huawei executives discussed the company’s vulnerability to the US because of its reliance on Android. It was there that the group agreed that Huawei must have an alternative smartphone operating system.
The world didn’t find out about Huawei’s secretive OS until last year. But now it’s been thrust into the limelight, positioned as a possible savior for the company after its fears came true.
Richard Yu, CEO of Huawei’s Consumer Business, confirmed the existence of Huawei’s mysterious OS in March.
When the Huawei OS team started, it worked in complete secrecy in a specialized area with guards standing by to prevent anyone outside the division from entering, according to sources quoted by the South China Morning Post. Personal mobile phones had to be kept in an outside locker.
We still don’t know much about the OS, not even its name. Ark, Oak and Hongmeng are some of the names that have popped up since Google cut off Huawei from future Android updates on May 19.”
The management of Huawei anticipated what might happen in the future and secretly created their own operating system. The moment the present crisis erupted, they went back to their own operating system.
That is how wise business leaders think. You dont wait for things to happen before you prepare for them. Engage in crises anticipation and get ready before it shows up. I am not saying you should start expecting bad things to happen, but since life is not predictable, you should get ready before anything happens.
The best time to plan for war is in the time of peace. Wise leaders plan in advance. Nothing takes them by surprise. They are ever ready.
We have a strategy set up to help companies to get ready for any unfavourable outcome both now and in the future. If you want us to help you to set it up for your company, kindly click this link and notify us. Or call 07032681154. We will get back to you within the next 24 hours.
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