Video: A simple example to illustrate scenario thinking

The saga of the Harry Potter first edition

Scenario planning can be used in all kinds of situations. It can help you envisage a portfolio of possible futures, no matter whether you run a big corporation, a not-for-profit enterprise, a school, a start-up, or even a one-man band.

This video (8 minutes) tells the story of how I used scenario thinking to address an idea my son had one day when he was 14 years old. He wanted to maximize the value of a "business" he unexpectedly found himself owning, and.... Well, sit back and watch for yourself.

It's a vastly simplified example of scenario planning at work, but it illustrates the value of thinking about the future in terms of alternative outcomes... and having a plan ready for each scenario - in this case, just two.