In a world where uncertainty is the only certainty, how can businesses prepare for the unpredictable? Dr. Lance Mortlock, Managing Partner (Energy & Resources) at EY and author of Disaster Proof, shares his expertise on scenario planning—an essential tool for strategic foresight. Learn how to anticipate and prepare for multiple possible futures using Lance’s six-step approach to scenario planning.

After completing this episode, you should be able to:

• Define the role of scenario planning in organizational strategy
• Describe the six steps of effective scenario planning
• Identify the key differences between forecasting and scenario planning
• Identify the importance of visualization in scenario planning

In this episode, we cover:

• The critical difference between forecasting and scenario planning
• Steps to build and stress-test scenarios against your strategy
• Real-world examples where scenario planning made a significant impact
• The importance of diversity and external perspectives in scenario planning
• How to monitor signposts to adjust your strategy in real-time

Course Content Created: December 2024

The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.

Presenter

Lance Mortlock

About This Product

On-Demand Courses by LumiQ. LumiQ is a podcast company where engaging conversations with business leaders also count as verifiable CPD. We go out and find business, accounting and finance leaders to interview about their expertise and experiences, and you get verifiable CPD for learning from the world’s top minds. Some days, you’ll find yourself immersed in the world of start-ups, or captivated with the story of how Bernie Madoff pulled off the largest fraud in human history. Maybe you’ll want to learn about how the music industry’s business model has changed over time? Whatever you’re interested in and will feed your natural curiosity of how businesses work, you’ll find on the LumiQ podcast. LumiQ is an enjoyable way to earn CPD.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.