Scenario Planning is Crucial To Success – Here’s How To Do It

The Business Trendsetter Podcast

This podcast talks frequently about individual trends. Global trends that affect all parts of life, like environmental awareness, electrification and the aging population. And global trends that impact work like mobility, asynchronous work tools, Gig work and AI. While these are interesting, the greatest value from understanding these trends lies in thinking how they interact with one another creating a future that will look quite different from today.

Through this podcast we explain how to build a high quality scenario. For example, an aging population might lead you to think that we have an impending crisis in social security and medicare. But, if you look at other factors like the growing economy, improving health care productivity and cost controls from policy changes it becomes clearer that these social safety nets are nowhere near as problematic as politicians would make it seem. If you look at the trends toward work from home (WFH) and a 4 day workweek those trends could lead you to believe there won’t be enough people to care for the elderly. But if we look at how younger people are very effectively adopting highly productive, pragmatic tools into their lives we can see how assisted with AI this younger, practical generation can get more done than we ever imagined. You could start to imagine how we can grow faster because our business has far less turnover and more productive employees when embracing the convenience of WFH and shorter work weeks. And, we can more quickly determine how investments in productivity today, including AI, will help us succeed while likely being very lucrative.

Thinking points:

• Do you have 1 to 3 scenarios for the years 2030 and 2040 that help you make resource allocation decisions?
• Are you investing in productivity tools to replace work done by people today?
• Are you looking for the weaknesses in your current business model that will derail you in a future scenario?
• Are you already adapting your model to WFH, shorter work weeks, greater mobility, using Gig workers, and planning on AI to make decisions?