Scenario planning and uncertainty: Developing a dynamic strategy in a changing healthcare environment
Mar 16, 2017
From the Healthcare & Life Sciences Institute
Navigating this uncertain environment with confidence requires a dynamic strategy that adapts to a wide variety of future conditions. A dynamic strategy is not a fixed, one-dimensional plan, but rather a portfolio of options—or potential “bets”—that can be ramped up or down as events change. It means being able to see those changes early on and having a plan to respond to them quickly. Scenario planning—a method for identifying plausible, alternative futures an organization might face and rehearsing potential responses—is a critical tool for achieving the nimbleness required in today’s uncertain healthcare environment.