Find out more about my CEO Masterclass here
(https://criticalfewactionspodcast.com.au/PeterWestlundCEOMC1)
Mastering Scenario Planning for Business Success with Peter Westlund
In this engaging episode, John Downes talks with Peter Westlund how businesses can enhance their capabilities to achieve their strategic objectives through scenario planning. Peter shares insights from his extensive experience, including a successful scenario planning exercise in the early 2000s and a recent CEO masterclasses. He explains the importance of adapting to volatile, uncertain, complex, and ambiguous (VUCA) environments, and offers practical steps for integrating scenario planning into strategic management. Learn how to build resilience, challenge management thinking, and develop a competitive edge by anticipating future challenges and opportunities.
Click here for Peter's Checklist and the Insights and References pdf at: https://criticalfewactionspodcast.com.au/PeterWestlundInformation
00:00 Introduction to Peter Westland and Scenario Planning
01:19 Peter's Journey into Scenario Planning
03:18 The Importance of Scenario Thinking
04:24 Understanding VUCA and Its Impact on Strategy
07:21 Benefits of Scenario Planning
20:04 Challenges and Pitfalls in Scenario Planning
24:08 Creating a Culture for Scenario Planning
27:24 Getting Started with Scenario Planning
31:44 #CriticalFewActions™ and Key Takeaways
