P3M2

This is part of the P3M2 module from the Pillar 3 Your Strategic Market Positioning.

Scenario Planning – How To Deal With Major Uncertainty In The Future Economic Environment Of Your Business

The Outline

• Technique is not recommended for most small businesses
• Build alternative views of the future world and test strategies in each world.
• “Fork in the road” e.g. UK & EU
• Collective learning for the team
• Some foresight better than none
• Increases awareness – Boiled Frog syndrome
• Disruptive change may be unpredictable

First I should make it clear that I don’t recommend this for 95% of small businesses.

However if you are facing a major uncertainty in the future, it is a powerful way to help you to work through the different options and decisions. [continue reading…]

This is part of the P3M2 module from the Pillar 3 Your Strategic Market Positioning.

Review Your External Environment For Strategic Changes With PESTER Analysis

What Does PESTER Stand For?

• P = Political
• E = Economic
• S = Social & Cultural
• T = Technological
• E = Ecological
• R = Regulations

It is also known as PEST, PESTLE, STEP, STEEP and probably a few other acronyms. The best known is probably PEST but I find the extra ER useful to make sure there is a more comprehensive review. [continue reading…]

This is Module 2 in the Pillar 3 Your Strategic Market Positioning.

The External Environment – How To Review It To Find Opportunities & Threats And How To Position Your Business To Take Advantage

I like to think of scanning your external environment as how to PESTER your way to success.

Why Assess The External Environment
[continue reading…]