The Business Trendsetter Podcast

Post Election Scenario Planning – Needed Now More Than Ever!

Episode Summary

Prepare your business for inevitable change by using scenario planning to navigate short-term disruptions and position for long-term success—because luck is not a strategy.

Episode Notes

The election results are in, and it’s assured that America – which means the globe – is going to be dealing with change.  Are you prepared?  Hoping these changes won’t affect your business is foolhardy, and luck is not a strategy!

Long-term trends are not affected by this election.  The upside-down demographic pyramid isn’t going to change, nor is climate change and awareness thereof, nor is the rapid movement to automated processes. The new administration will likely react to all 3 differently than the previous administration, but the trends are still there and will impact  your business.  Scenario planning can be well applied to these short-term impacts in order to prepare for threats, and seize opportunities!  This podcast explains how to use scenario planning tools to understand likely impacts, and how to prepare.

SMB leaders are busy folks. They have a business to run, with daily struggles to meet customer needs and manage costs.  It’s easy to skip scenario planning for the future in lieu of managing today.  But we KNOW that the short-term future will be loaded with change. This isn’t a maybe, it’s a certainty.  Never has scenario planning been more important to prepare for the short-term disruptions, while positioning for long-term success.  Listen to how you can identify changes and use scenario planning to act today so you are prepared tomorrow.

Luck is not a strategy!!  Scenario planning can create a viable strategy for future success.  Now is the time.

Thinking points:

• Mass deportations will worsen the labor shortage problem.
• Reduction in law enforcement (FBI, ATF, etc) will increase cybercrime, fraud, white collar crime, drug sales and gun availability.
• Protecting your customers, employees, suppliers and community will increasingly rely on you doing more, relying on government entities less.
• Reduced reliance on vaccines and immunizations, plus lowered budgets for drug and food testing, means that responsibility for health and welfare of customers, employees and family members will be up to business leaders.
• Firings of military leaders and elimination of DEI programs will further damage the ability to recruit and retain soldiers, leading to fewer troops available for fighting offshore threats.  Increasing the risk to supply chains and more foreign conflicts.
• Simultaneously a near-term focus of using the military for domestic issues like rounding up deportees will reduce resources for offshore threats, protecting supply chains and taking advantage of global opportunities.