How to Do Strategic Planning Like a Futurist! From "My Point of view" article series.
Fact No 1. Feasibility Vs Desirability.
Feasibility refers to whether something is possible or achievable given the available resources and constraints, while desirability refers to whether something is desirable or worth pursuing based on its perceived value or benefit.
For example, a business idea may be technically feasible in terms of being possible to implement with the available resources, but it may not be desirable if it does not align with the values or goals of the company. On the other hand, a project may be highly desirable in terms of its potential benefits, but not feasible if it requires resources or expertise that are not available.
In short, feasibility is concerned with whether something can be done, while desirability is concerned with whether it should be done.
Fact No 2. Scenario Planning.
Scenario planning is a technique used in strategic planning that involves creating multiple hypothetical scenarios of the future to consider a range of possible outcomes. This allows organizations to be more prepared for unexpected events or changes in the market.
Futurists use scenario planning to identify potential risks and opportunities that may arise in the future, and to develop strategies that are flexible enough to adapt to different scenarios.
Fact No 3. Trend Analysis.
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Trend analysis involves identifying and analyzing patterns in data over time, such as market trends or consumer behavior. This can help organizations to anticipate future changes and make informed decisions about their strategic direction.
Futurists use trend analysis to identify emerging trends and to project their potential impact on the future. By understanding these trends, organizations can develop strategies that are aligned with future needs and preferences.
Fact No 4. Systems Thinking.
Systems thinking is a holistic approach to problem-solving that involves understanding the interrelationships and interdependencies between different elements of a system. This allows organizations to identify the root causes of problems and to develop solutions that address the underlying issues, rather than just the symptoms.
Futurists use systems thinking to understand complex systems and to identify the underlying trends and patterns that are shaping the future. By understanding these systems, organizations can develop more effective strategies that address the root causes of problems and that are more sustainable over the long term.
In conclusion, strategic planning like a futurist involves a range of techniques and approaches that are designed to help organizations anticipate and adapt to future changes. By using scenario planning, trend analysis, and systems thinking, organizations can develop more effective strategies that are aligned with the needs and preferences of the future.
From "My perspective" article series. Issue No1 / May 2023
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