Constructing Vision with Scenario Planning Terry R. Schumacher Rose-Hulman Institute of Technology, Engineering Management Dept., Terre Haute, IN 47803 USA Abstract Strategic vision is often included as an important component of leadership. Yet there is relatively little guidance offered in the management literature on how to acquire vision. This paper describes practices that facilitate scenario planning so that it becomes a process for creating shared vision. Most of the work on scenarios addresses the
Words: 9260 - Pages: 38
Business Scenario MGT 350 Business Scenario Business Scenario Kava is a small island country in the South Pacific. Kava has been plagued with unfortunate circumstances that have brought about one disaster after another. This is a country that is in dire need of some help and aid in the situation of getting the country cleaned up and on its way to recovery. The Island of Kava must over come many obstacles in order to improve the contiditon of there people. Certain events that have happen were
Words: 903 - Pages: 4
test contains 26 questions and you will be given 60 minutes to answer as many questions as possible. You will be presented with three scenarios based on actual McKinsey client cases. Information related to each scenario will be shown in text, tables, and exhibits. This information is presented in doublebordered areas and is distributed in sections throughout the scenario. The questions ask you to find the most appropriate answer to the problem as described using only the information presented. You should
Words: 6310 - Pages: 26
Pacific, they would think of paradise; white beaches, gentle surfs, swaying palm trees, and tropical breeze (Business Scenario, 2011). i. Location – 1. Lava Island is locate in South Pacific, Hawaii ii. Ethnic mix – 1. Indigenous South Pacific tribes, Asian (Chinese primarily), African, French, Spanish, and since World War II a sizeable number of Americans (Business Scenario, 2011). iii. Religions – 1. Indigenous 50%, remainder closely divided between Christian, Buddhist, and Islamic.
Words: 773 - Pages: 4
disasters they have gone through, and help to overcome the challenges that they are now facing. Macy’s will do this by addressing the issues found in the business scenario, forces involved in the formulation of the problem, and organizational and environmental obstacles impacting key stakeholders. After looking at the business scenario and seeing what the director of strategic planning had to say, it was easy to see what issues are present. Challenges now facing the island of Kava are 1) over 50%
Words: 998 - Pages: 4
2040 Growth Scenarios Analysis October, 2010 Lincoln/Lancaster County Planning Dept. 555 S. 10th Street, Ste. 213 Lincoln, NE 68508 402-441-7491 lincoln.ne.gov Table of Contents 1. Introduction and Executive Summary ........................................................................................ 1 Purpose ....................................................................................................................................... 1 Growth Scenarios ..............
Words: 42946 - Pages: 172
Normality of the future: Trend diagnosis for strategic foresight (Liebl 2010) Table of contents 1. Summary of the article 3 2. Analysis of the strength and weakness of the argument 5 2.1 Strengths 5 2.2 Weakness 6 3. Implications for the top management 7 4. Conclusion 8 Appendix A 10 Appendix B 11 1. Summary of the article “In strategy it is important to see distant things as if they were close
Words: 1427 - Pages: 6
Scenario A 1. What do you see as the issues raised by the facts in the scenario? Describe as many as you see. * Third-party beneficiaries meaning that employees can sue Stephen (promisor) for not keeping its promise. * Bonuses are discretionary. It is not an obligation to give all employees a 15% bonus. * Not fair to give employees who work harder than others the same bonus. * US law requires that American workers must be sought before the employer hires a foreign worker
Words: 1424 - Pages: 6
Question 1: What are the strengths and weaknesses of scenario planning? Answer to Question 1: To start off, we need to understand what Scenario Planning actually is. Scenario planning, also called scenario thinking or scenario analysis, is a strategic planning method that some organizations use to make flexible long-term plans. It is in large part an adaptation and generalization of classic methods used by military intelligence. Scenario planning is
Words: 1656 - Pages: 7
supply with production constraints. * Scenario A) I recommend producing 200 A1, 200 B2, and 800 C3. * Scenario B), I recommend production increases to: 200 A1, 200 B2, and 1133 C3; and the maximum allowance for the additional resources should be $10,000, or $10.00 per pound. * Scenario C) I recommend producing 250 A1, 200 B2, and 1000 C3; allowing no more than $8,800 for the additional resources, or $8.80 per pound. Scenario A Under Scenario A, minimum production levels for each product
Words: 542 - Pages: 3
