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Strategy Service Offerings

Our strategy services extend across business functions and we serve a broad array of industries. We cover all critical aspects of your business, including strategy, operations, business performance, marketing, innovation, lean, business process, supply chain management and information technology. We serve local, regional and global clients, and we align our efforts with your overall corporate strategy.

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Strategy Services Overview
Define, design, deploy and deliver
Create and unlock competitive advantage
Why Strategy? Organizations are making complex decisions everyday to operate their business, respond to customer trends, combat competitive pressures and navigate a complicated economic environment. Achieving enduring success for any organization relies on its ability to create, capture and sustain competitive advantage. Strategy is the action road-map that brings your competitive advantage to life.
As your partner, our Strategy Practice has the expertise, experience and “new thinking” to help you throughout the strategic journey and make your strategy a success.

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Strategy Consulting

  • Local, Regional and Global
  • Business Unit Management
  • Scenario Based Strategic Planning
  • Merger, Acquisition and Divestiture
  • Business Transformation
  • Change Management
  • Culture Change
  • Information Technology
  • Performance Improvement
  • Business Turnaround
  • Operational Excellence
  • Enterprise Technology
 
Scenario and Contingency Planning

Scenario and Contingency planning is a strategic planning method that organizations use to create flexible long-term plans. It allows executives to analyze and prepare for several future alternatives. Contingency Planning explores what effect business disruptions or abrupt market changes might have on a company and formulates various strategies to address them. By bringing up and testing different “what if” scenarios, executives and managers can conceptualize and challenge hypothetical assumptions in a non-threatening environment prior to deciding the best course of action. Scenario and Contingency Planning allows management to test different strategies to prepare the company to deal with the unexpected.

 

How does Scenario and Contingency Planning work?

Different companies may have unique approaches when it comes to scenario planning. Generally, the steps to Scenario and Contingency Planning may look similar to this:

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1. Select a time frame to examine. The first thing you would want to do in strategic planning is to choose a time frame to explore. Generally, Scenario and Contingency Planning is used to create flexible long-range plans.

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2. Identify current state assumptions and thinking processes of key decision makers. The next thing you will need to do is distinguish the thought processes of executives and managers. Identifying current assumptions will also provide limits in the company’s strategic planning, although some of those assumptions may not be relevant when brainstorming scenarios.

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3. Create varied, yet plausible, hypothetical scenarios. Laying out a list of “what if” scenarios will allow you to create plans on how to deal with each one. Make sure to list all possible scenarios so you will know how to address each one in the future. Don’t be afraid to challenge current assumptions or ignore them during this phase. Encouraging contrarian thinking and challenging conventional wisdom will further strengthen your hypothetical scenarios.

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4. Test the impact of key variables in each scenario. Now we hypothetically tackle the scenario in all angles, testing the key variables to see what works and what doesn’t work. Again, challenging these scenarios will cultivate a strong sense of preparation.

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5. Develop action plans. Now that you have “tested” out your hypothetical scenarios, create action plans based on either the most promising solutions or the most desirable outcome the company seeks. Doing so will help your company prepare for the unexpected.

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The Scenario and Contingency Planning process isn’t over after you develop an action plan. Monitoring events as they unfold will help test the company’s strategic fortitude. Be prepared to change the course of the plan at any time, as a plan that was developed a month ago may need to be changed in the event of unexpected and new disruptions.

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