ABSTRACT

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)NTHENEXT SECTIONOF THECHAPTER ) REVIEWTHEmAWS INPLANNINGTHAT7ACK RECOGNIZED FROMHIS EXPERIENCES&OLLOWINGON FROMTHAT SECTION )DEVELOP THEHISTORICALLINKBETWEENTHEWORKOF%MERYAND4RISTANDTHATOF7ACK4HE HISTORICALLINKCONCERNSCAUSALTEXTURESARISINGFROMOUTCOMESOFTHEINTERACTION BETWEENINTERRELATEDACTORSANDDRIVINGFORCESANDHOW7ACKSWORKMAKESIT POSSIBLETOINVESTIGATEANDIDENTIFYTHEMANDTHEUNFOLDINGCONSEQUENCESFORTHE ORGANIZATIONnIFNOTHINGELSECHANGED3UCHUNDERSTANDINGCANBEREPRESENTEDIN SCENARIOSTORIES&OLLOWINGONFROMTHEDISCUSSIONOFTHEHISTORICALLINKBETWEENTHE WORKOF%MERYAND4RISTAND7ACK)PRESENTANEWSYNTHESISOF7ACKSIDEASABOUT THEPURPOSEOFSCENARIOPLANNING4HERESTOFTHEDISCUSSIONINTHECHAPTERISBASED AROUNDACASESTUDYTOHELPDISCUSSANDELABORATEUPONTHEIDEAOFPREDETERMINED ELEMENTSASAPRECURSORTODEVELOPINGANUNDERSTANDINGOFANEWCONTEXTUALREALITY THATULTIMATELYSHOULDLEADTONEWORGANIZATIONALACTION

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WOULDBEUNIVERSITIESANDTHEIRROLEASBROADEDUCATIONALINSTITUTIONSTHATFACILITATE KNOWLEDGETRANSFERFROMGENERATIONTOGENERATION )NOWPUTSOME@mESHONTHEBONESOFHOWPREDETERMINEDELEMENTSCONNECT

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Case study outcomes

3CENARIOSPROVIDEADESCRIPTIONOFAFUTUREENDSTATEOFTHECONTEXTOFANORGANIZATION INAHORIZONYEARASWELLASANINTERPRETATIONOFPASTANDCURRENTEVENTSOFTHAT CONTEXTANDTHEIRPROPAGATIONINTOTHEFUTUREINANINTERNALLYCONSISTENTACCOUNT OFHOWAFUTUREWORLDMIGHTUNFOLD4HESCENARIOSTORYCAPTURESAREPRESENTATION OFTHEDYNAMICINTERPLAYOFEVENTSSHOWINGHOWTHESEINTERCONNECTANDIMPACT UPONEACHOTHERREVEALINGTHEIRLOGICALCONSEQUENCESINTHEHORIZONYEAR"URT ETAL )NTHECASE)PRESENTHERETHEMANAGERSPRIORITIZEDTHERANGEOFUNCERTAINTIES

FROMTHEIRPERSPECTIVECONCERNINGTHEFUTUREOF5+POWERGENERATION4HEYTHEN IDENTIlEDTHETWOCRITICALUNCERTAINTIESTHATWOULDHAVETHEHIGHESTIMPACTUPON THEIRCONTEXTINTHISCASE

CHANGEINTHEGLOBALECONOMYDRIVINGENERGYDEMANDAND CHANGEINTHEGLOBALNATUREANDSTRUCTUREOFTHEMARKET

4HESETWOCRITICALUNCERTAINTIESWERETHENFURTHERDISCUSSEDANDEXPLOREDTO IDENTIFYPOSSIBLEDEVELOPMENTSINTHEFUTUREINTERMSOFPLAUSIBLEPOLAROUTCOMES DEPICTINGTHEFUTUREPOSSIBLECONTEXTS4HESEWEREARTICULATEDASFOLLOWS

#HANGEINTHEGLOBALECONOMYDRIVINGDEMANDFORENERGY s HARMONYGROWTHANDINCREASINGDEMANDFORENERGYOR s CONmICTANDFRAGMENTATIONWITHLITTLEORNOINCREASEINENERGYDEMAND

#HANGEINTHEGLOBALNATUREANDSTRUCTUREOFTHEMARKET s MANYANDDIFFUSEDCUSTOMERSOR s FEWERCUSTOMERSWITHINCREASINGBUYINGPOWER

#OMBININGTHESEOUTCOMESBYUSINGATWO BY TWOSCENARIO STRUCTURINGMATRIX THEMANAGERSDElNEDFOURDIFFERENTBUTPLAUSIBLEALTERNATIVEFUTURESENDSTATES 4HESEPLAUSIBLEALTERNATIVEFUTURESWEREENTITLED

@RETRENCHMENT @lLLYOURBOOTS @SURVIVEORDIEAND @WINORLOSE

&ORTHEMANAGERSTHESESCENARIOTITLESCAPTUREDANDREPRESENTEDTHEEMERGING NATUREANDLOGICOFEACHOFTHESEFUTURES4HETWO BY TWOMATRIXISPRESENTEDAS &IGURE 4HEFOLLOWINGSUB SECTIONSPROVIDEASNAPSHOTOFTHESCENARIOSBASEDONTHESE

ENDSTATES

‘Retrenchment’ )NTHISSCENARIOTHEGLOBALECONOMYWILLHAVESTALLEDDUETOINCREASEDTERRORISM WHICHWILLHAVEDAMPENEDBUSINESSACTIVITYINMANYSECTORS"USINESSTRAVELWAS HITHARDANDOVERTIMETHEWORRIESOVERTERRORISMLEDTOINCREASEDREGIONALAND LESSGLOBALTRADE#ONSEQUENTLYFORTHEINDUSTRYTHEREWASLESSENERGYTECHNOLOGY TRANSFERFEWERNEWPLANTBUILDSANDACUTBACKINTHEIREXPENDITUREINRESEARCHAND DEVELOPMENT.EWBUILDCOMMISSIONINGWASDEEMED@RISKYINNEWLYADMITTED %UROPEAN5NION%5 COUNTRIES#USTOMERSWEREBOUNDBYTIGHTLOCALREGULATORY CONTROLSTHATWEREGOVERNEDBYTHE%5WHICHMADEDESIGNSPECIlCATIONCOMPLEX ANDLEGALISTIC!LLOFTHISRESULTEDINLITTLEOPPORTUNITYFORGROWTHINTHEENERGY MARKETANDLEDTOINCREASEDCOMPETITIONRESULTINGINASCALINGBACKOFBUSINESS FORPOWERINDUSTRYSERVICEPROVIDERS

‘Fill your boots’ )NTHISSCENARIOTHEGLOBALECONOMYWILLHAVEEXPANDEDONTHEBACKOFMARKET DEREGULATION4HE%5HASEXPANDEDITSBOUNDARYTOCAPTURETHEBENElTSOFGLOBAL GROWTHANDCONlDENCE$EMANDFORELECTRICITYHASINCREASEDWITHABIGGERENERGY MARKETWITHMANYOPPORTUNITIES!SACONSEQUENCEOFGROWTHTHELABOURMARKET ISTIGHTWITHLABOURBECOMINGEXPENSIVE4HETHREATOFTERRORISMCONTINUES!