Strategic Scenario Planning in Uncertain Times: Because Nostradamus Retired EarlyIf you’re serving on a credit union board, congratulations. You’re a volunteer who willingly signed up to guide an institution in a world that looks like a badly written dystopian novel. Pandemics, inflation, talent shortages, tech disruption, AI deciding it wants your job—these are the plot twists. And, spoiler alert, you don’t get to close the book and walk away.
That’s why “strategic scenario planning” has become the new hot buzzword in board governance circles. Don’t worry: this isn’t another corporate fad, like “synergizing our holistic mindfulness KPIs.” Scenario planning is simply what happens when you admit you don’t actually know what the future holds (and yes, your strategic plan still pretends otherwise). It’s about creating structured “what ifs” so that when life happens—and it will—you’re not left blinking into the boardroom’s fluorescent lights saying, “Well, nobody could’ve seen this coming.”
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Transform Inspire MotivateTim Harrington, CPA RETPresident, Timothy P. Harrington, Inc. dba TEAM Resources[email protected], [email protected]Office: 520-290-5721 Fax: 520-290-8378 Cell: 520-906-7501
