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
- Drastic in measure
- Change the rules of the game
- Have long lasting implications (economic, social, political, geographic)