Wild Cards ~ Plan for the Unexpected with Scenarios

By: Gideon Malherbe, VCI Founding Partner 

Over the past 30 years, VCI has conducted literally hundreds of Scenario Planning workshops for clients wanting to add greater dimension to their Strategic Planning processes.

Scenario Planning is a specific technique that helps an enterprise create several storylines, each with a series of strategic action plans.

One of the unique and very useful tools of VCI’s Scenario Planning technique is the identification of Wild Cards. These are events that have dramatic characteristics and impact.

Wild Cards are typically:

• Highly unlikely
• Unforeseen
• Drastic in measure
• Change the rules of the game
• Have long lasting implications (economic, social, political, geographic)

While not a crystal ball exercise, the process of identifying potential Wild Cards helps company and industry leaders really focus their thinking. It helps them identify a range of possible and specific maneuvers for various applications. And it helps build an arsenal of strategic action plans to use in the event of a real threat or crisis.

Decision making is then based on factors already contemplated.

Our entire planet is currently experiencing such a crisis. We are all now living daily in a Wild Card Scenario, subject to every characteristic listed here.

How members of your company make decisions now will probably have implications for a long time to come.

So does it make sense to undertake a process of Scenario Planning while we’re in the midst of a crisis? Yes.

Our process works quickly to pull in, categorize, and disseminate an array of information to create your future Scenarios and action plans. And VCI’s Scenario Planning Workshops can be conducted in a virtual series format.

Scenario Planning – Virtual Workshop Series

VCI offers Scenario Planning Workshops in a virtual series format to help company leaders regroup, reset, and frame up their next moves right away.

For more details, please contact gideon@govci.com

Virtual Consulting

March 18, 2020

Categories:Scenario Planning, Strategic Planning, VCI, Virtual Consulting

Tags:Wild Cards

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