LSM 503 - Scenario Planning

Institution:

Cornell University

Subject:

Description:

The complexities of rapidly expanding technology and economic globalization make it necessary for organizations to develop tools for strategic analysis to ensure their ability to compete as an industry leader. Scenario planning is a powerful tool used by the most successful corporations for strategic analysis and decision making. In this course, learners learn to evaluate an organization's strategic position, competencies, and plans for expansion across a full range of potential future developments. Who Should Take This Course This course is vital for senior management and other key leaders of organizations in virtually any industry as they face the responsibilities of guiding their organizations to success in uncertain times. Course Format This course contains the following modules: Context and Preparation for Scenario Planning Introduction to the concept of scenario planning and its usefulness Key elements of scenario planning (e.g., trends and uncertainties) Organizing data: identifying how uncertainties may interact with each other, and addressing different levels of confidence in the data Scenario Planning in Practice Developing scenarios that integrate trends and uncertainties into alternate possibilities for your industry Applying strategic frameworks to determine core competencies and key success factors for each scenario Assessing an organization's current competencies and creating a development plan to acquire new competencies Early warning systems to accelerate the conversion of uncertainties into trends Benefits to Learner Learners who complete this course will be able to: Assess whether scenario planning is right for their organization Collect and arrange the data necessary for planning a scenario Organize an effective team for scenario planning Assess their organization's current competencies and develop robust strategies for multiple scenarios Develop early warning indicators to identify emerging scenarios Identify new competencies and courses of action that will give their organization the greatest strategic advantage Certificate Information This course can be applied to the following certificate: Business Leadership Skills Prerequisites This course is most valuable if the student is familiar with strategic thinking and concepts. If you are unfamiliar with this topic, we recommend completing Strategic Thinking (LSM502) prior to enrolling in this course. Sponsoring School Cornell University's Johnson Graduate School of Management

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.cornell.edu

Phone Number:

(607) 255-2000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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