Course info

THE COMPLEXITY OF THE FUTURE CAN BE OVERWHELMING AND ADAPTING TO CHANGE IS
INEVITABLE. IT IS THEREFORE IMPORTANT FOR COMPANIES TO PREPARE FOR THE FUTURE IN ORDER
TO REMAIN COMPETITIVE IN TODAY’S RAPIDLY CHANGING BUSINESS ENVIRONMENT. STRATEGIC
FORESIGHT IS CRITICAL TO ACKNOWLEDGE THE POSSIBILITY OF THE MULTIPLE FUTURES TO
ACCELERATE ORGANISATIONAL DEVELOPMENT. STUDENTS WILL BE EXPOSED TO A WIDER
PERSPECTIVE ON TODAY’S DRIVERS OF CHANGE FOR ORGANIZATIONS TO PREPARE AND MAKE
APPROPRIATE DECISIONS, IN ORDER TO HARNESS THE POTENTIAL OF NEW POSSIBILITIES OF THE
FUTURE. STUDENTS WILL LEARN VARIOUS STRATEGIC TOOLS AND TECHNIQUES SUCH AS SWOT
ANALYSIS, PESTLE, PORTER’S FIVE FORCES MODEL, TOWS MATRIX, COMPETITORS
ANALYSIS, BUSINESS PORTFOLIO MATRICES, SPACE MATRIX AND MOST IMPORTANTLY
SCENARIO PLANNING. SCENARIO PLANNING WOULD BE THE MOST IMPORTANT AS A FORESIGHT
METHODOLOGY THAT IS USED FOR STRATEGIC ANALYSIS OF MEDIUM AND LONG-TERM PLANNING.
IN THIS CASE, STUDENTS WILL LEARN THE STEPS TO GENERATE FUTURE SCENARIOS, ASSESS THE
IMPACTS OF THOSE FUTURES AND CRAFT SUITABLE STRATEGIES WHICH ARE RESILIENT TO DIFFERENT
FUTURE OUTCOMES