Scenario Planning (Online): Learn How to Model, Predict, and Prepare for the Future
Columbia Business School
Strategy & Innovation
About Programme
Think outside the box about what the future might hold. In six weeks online, Columbia faculty shows participants how to build future business scenarios so their organization can respond with speed, agility, and confidence to any disruption. Through strategic scenario planning lectures and case studies, learn to identify driving forces—such as demographic shifts, regulatory challenges, technological advances, and environmental disruptions—and play them against their organization's core competencies and marketplace advantages. Create plausible developments in your potential business future and discover how artificial intelligence (AI) and machine learning (ML) can be of value in creating a best possible outcome in our scenario planning training program.
Programme Content
Module 1
Becoming a Strategic Influencer
Module 1
Learn why forecasts and plans are often wrong
Module 1
Identify the trappings of a budget plan
Module 1
Discover how scenario planning differs from strategic planning
Module 1
Master the basic building blocks of scenario planning
Module 2
Building Tools and Governance Design
Module 2
Identify potential futures and determine plausible solutions to hypothetical problems
Module 2
Improve as a strategic influencer with strong leadership and outstanding communication skills
Module 2
Adapt to their organization’s culture before attempting to change it
Module 2
Identify (and avoid) the behavioral biases prevalent in strategic scenario planning
Module 3
Scenario Planning Case Study—Chevron
Module 3
Apply a scenario planning framework to Chevron
Module 3
Evaluate key issues, driving forces, and critical uncertainties that could impact Chevron's global business strategy
Module 3
Explore scenario definitions, narratives, and implications
Module 3
Identify early warning signals for plausible threats and risks in the marketplace
Module 3
Understand monitoring, tracking, and relevant metrics
Module 4
Scenario Planning Case Study—Netflix
Module 4
Analyze the Netflix case study and identify challenges to its business strategy
Module 4
Explore Netflix’s strategy related to advertising
Module 4
Evaluate Netflix’s strategy concerning licensing their own content
Module 4
Assess Netflix’s strategy for becoming their own studio
Module 4
Understand the critical uncertainties related to Netflix's strategy in buying overseas content
Module 5
Scenario Planning Case Study—IBM
Module 5
Explore IBM's history, culture, and potential challenges to their strategic forecast
Module 5
Discover the impact of CEO Arvind Krishna’s strategy
Module 5
Assess IBM’s strategy in the consumer space
Module 5
Understand IBM’s strategy related to quantum computing
Module 6
The Role of AI and Machine Learning in Scenario Planning
Module 6
Identify where AI and machine learning are most effective in strategic scenario planning
Module 6
Understand why using AI and ML in scenario planning demands intuition, experience, local knowledge, and data
Module 6
Capstone: Use the scenario planning case studies as a guide in their capstone project to develop a narrative to explain how the future might unfold by focusing on the forces with the most uncertainty, greatest value, and highest potential for impact
Programme Audience
C-Suite Executives and Business Leaders or Founders
Business leaders and founders will learn to develop farsighted business strategies to deal with multiple potential scenarios and use scenario planning strategies to augment their organization’s strategy and guide teams to develop scenarios.
Mid-Career and Senior Managers in Finance
Leaders in the finance realm will gain an understanding of how to deploy effective scenario planning strategies as a basis for business decisions and evaluate financial risks more successfully.
Financial Advisors and Consultants
Experienced advisors will master the fundamentals of strategic scenario planning to offer better solutions for their clients and assess the likelihood of various outcomes and develop strategies for alternate scenarios.
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