Scenario planning crucial to companies' investment decisions - TechCentral

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Promoted | Scenario planning crucial to companies’ investment decisions

that can be likened to peeling an onion. Start with the certainty of what you know today. Next, understand the ecosystem in which your organisation operates by looking not only at the business and industry subsector, but also the broader ecosystem, gradually bringing the lens closer.

Reactive investment decisions, made to deal with an immediate problem without considering the broader future thinking, are potentially short-sighted as they can very easily compromise your ability to be where you want to be in the future.Any investment decision requires an understanding of the potential benefits to the business, which may not always be easily quantifiable through traditional financial metrics like return on investment.

When seeking the assistance of partners to manage decisions and implement changes, it is essential to ensure a meaningful transfer of skills. A significant decision requires precise change management and analysis and, by absorbing the expertise of consultant partners, organisations can adapt more effectively and increase their agility.There is a risk that businesses get caught up in new technology hype. Remember, technology should never be implemented for technology’s sake.

Need to understand your business structure, capabilities and processes to enable your strategy and to find opportunities for continuous improvement and smart automation?

 

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