Exploring the relationship between scenario planning and strategic flexibility and complexity

Bouhalleb, Arafet; Smida, Alí

doi:10.1504/ejim.2020.107033

Cited by 8 publications

(6 citation statements)

References 1 publication

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“…Scenario planning is a dynamic strategic tool that enables organizations to anticipate and prepare for future uncertainties by creating multiple plausible scenarios (Bouhalleb & Smida, 2020). It involves systematically exploring potential future situations and their implications for decisionmaking (De Kluyver & Pearce, 2009).…”

Section: Scenario Planning For Strategic Thinkingmentioning

confidence: 99%

“…De Kluyver and Pearce (2009) explains that scenarios enhance an organization's readiness to handle unforeseen crises by sensitizing them to potential risks and preparing contingency plans. Moreover, scenarios serve as a platform for innovation, stimulating creative thinking by envisioning various future possibilities (Bouhalleb & Smida, 2020). Scenario planning would allow me to identify new opportunities, challenge assumptions, and foster a culture of innovation at Walmart.…”

Section: Scenario Planning For Strategic Thinkingmentioning

confidence: 99%

“…Moreover, scenario planning for strategic management contributes by encouraging decision-makers to envision multiple future scenarios. This approach ensures that strategic thinkers consider diverse future possibilities while making present decisions (Bouhalleb & Smida, 2020).…”

Section: Balancing Past Present and Future Perspectivesmentioning

confidence: 99%

“…In addition, strategic thinking encourages continuously scanning the external environment for change signals. Organizations actively engaging in scenario planning and trend analysis are better equipped to recognize early warning signs of potential disruptions (Bouhalleb & Smida, 2020). This heightened awareness allows for formulating preemptive strategies or adjustments, minimizing the impact of changes or capitalizing on emerging opportunities.…”

Section: Strategic Thinking Enables Better Flexibilitymentioning

confidence: 99%

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Multicultural Engagement Strategies and Development Trends for a Walmart

2024

JSM

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This literature review explores strategies for managing multicultural teams and utilizing strategic thinking to anticipate organizational development trends. The increased globalization of business has led to more culturally diverse teams, necessitating strategies like cultural awareness training, communication improvement, and inclusive leadership approaches to harness the potential of multicultural groups. However, the review shows shortcomings around tailoring strategies to teams' specific needs versus a one-size-fits-all approach. On forecasting trends, the review utilizes a methodology of literature-based analysis on strategic thinking. Concepts covered include analyzing uncertain business environments, learning from past experiences, recognizing macro and micro trends, and scenario planning. Synthesis of findings from various studies shows strategic thinking is key to navigating complexity, adapting to change, and gaining competitive advantage. However, gaps persist around integration of strategic thinking in organizational culture and training employees in strategic thought processes. The review concluded that effective management of diverse teams and strategic thinking to anticipate trends are essential in today's globalized, fast-changing business landscape. While progress has been made, opportunities exist to advance tailored inclusion strategies and further embed strategic thinking across all levels of organizations. More research can help refine approaches and address existing gaps.

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Section: Scenario Planning For Strategic Thinkingmentioning

confidence: 99%

Section: Scenario Planning For Strategic Thinkingmentioning

confidence: 99%

Section: Balancing Past Present and Future Perspectivesmentioning

confidence: 99%

Section: Strategic Thinking Enables Better Flexibilitymentioning

confidence: 99%

See 2 more Smart Citations

Multicultural Engagement Strategies and Development Trends for a Walmart

2024

JSM

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“…in order to adapt and survive. In a recent study, the researchers substantiated the direct contribution of scenario planning to strategic flexibility, looking at 108 European manufacturing firms [40].…”

Section: Complex Decision Makingmentioning

confidence: 99%

Strategic scenario planning in practice: eight critical applications and associated benefits

Mortlock,

Osiyevskyy

2023

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Purpose Organizations face challenges in volatile, uncertain, complex and ambiguous (VUCA) environments. It is vital to manage the change’s rate and magnitude in new and different ways to stay competitive. This study focuses on the phenomenon of scenario planning that can help organizations proactively plan for, react and adapt to VUCA forces if and when they occur. Design/methodology/approach Based on an extensive academic and practitioner literature review, we posit that corporate scenario planning involves eight different practical applications and associated benefits. These include risk identification, assessing uncertainty, organizational learning, options analysis, strategy validation and testing, complex decision-making, strategic nimbleness and innovation. We offer a novel typology and propose a more complete and holistic model of the scenario planning application and its intended outcomes. Mini-case studies from various sectors illustrate the process. The model demonstrates the relationship between different benefit-driven applications - inputs, process and output benefits – and identifies opportunities for further research. Findings A previous typology study classified “what” and “why” related scenario planning research and literature. However, the why or associated benefits were not broken down at any level of detail, representing a gap in explaining the actual value of this management tool. The current study proposes a novel “why” focused typology of scenario planning benefits based on an extensive literature review. The novel typology adorned several benefits of scenario planning in an integrated model explained using systems theory. These benefits included risk, uncertainty, options analysis, strategic flexibility, complex decision-making, strategy testing and validation, innovation and organizational learning. Originality/value First time in the literature, the relationship between input, process and output benefits of scenario planning is explained using systems theory. The novel typology proposed illustrates the practical applications of scenario planning in one complete model.

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