Scenario planning is a powerful approach used to explore volatility, uncertainty, complexity and develop plausible futures that map out such issues. Scenarios, in combination with the organisation's business idea, facilitates a strategic conversation that helps to determine a course of action and assists in resource allocation in complex and rapidly changing environments.
The course is explored in the context of real organisational problems. Participants work in groups, focusing on a particular organisation of their choice. Through the implementation of scenario planning tools participants develop a number of scenarios that explore the key concerns in the scenario agenda. Implications for the organisation are drawn out and considered in the context of strategic change. The process results in new insights about potential strategic risks for the organisation.
Who Will Benefit
The course is designed for public and private sector practitioners who are involved in the development of policy and strategy. In particular, those who are concerned about the strategic future of their organisation will benefit greatly from the scenario planning approach.
As a result of this program participants will:
- Become aware of practical approaches to strategy in situations of uncertainty and ambiguity
- Be able to explore and analyse the contextual environment through the development of a ‘set’ of scenarios
- Establish the characteristics of success for an organisation, that is, its ‘Business Idea’
- Consider issues involved in organisational perception and learning, as well as issues that limit learning
- Develop awareness of intervention possibilities
- Consider the relationship between scenario planning and strategy
- Initiate a scenario based planning exercise in a practical setting.
Alignment with UWA's MBA Flexible Program
This course aligns with UWA’s flexible MBA program, with an optional assessable component in this course. Participants who qualify to access this articulation pathway, and who successfully complete the course and pass the assessments, will receive credit (to the value of one optional unit) towards their UWA MBA Flexible degree.
Special rate for UWA MBA Flexible students: $4400 GST inclusive
About the presenters
John Sykes is a Strategist for MinEx Consulting and Founder-Director of Greenfields Research, both of which specialise in economic and strategic consultancy to the mining and exploration sector. John co-teaches the ‘Strategic Management’ and ‘Strategic Management of Resource Companies’ courses on the UWA MBA program, and contributes to the ‘Strategic Analysis and Consulting’ unit. John is also completing a multidisciplinary doctorate at UWA that applies scenario planning techniques to the future of mining and exploration. As part of this research, John is trained in the ‘Oxford Scenario Planning Approach’. John has also co-authored or co-edited several books on the mining sector and business strategy, and co-authors a weekly column on mining strategy. He has published numerous technical and academic papers on mineral sector strategy and economics, including several award winning papers, and presented at many industry conferences on these subjects. John is also a geologist with Masters degrees in Geology and Geophysical Hazards from Imperial College London and University College London, respectively.
John is an Associate Fellow of the Australian Institute of Management WA.