By Daniel F. Oriesek
Consolidation, mergers, adjustments to company versions, the emergence of latest threats all require managers to appreciate hugely complicated events, check probability and chance and make expert judgements. How can senior managers do that successfully while so usually they're wrestling with fresh eventualities or futures that they've now not but conceived? one of many rising suggestions is company wargaming.Daniel F. Oriesek and Jan Oliver Schwarz give you the first accomplished examine wargaming as a enterprise device in a publication that explores the anatomy and good fortune elements of a customary wargame. The authors clarify how and while wargaming can be utilized to check options, plan and get ready for crises, deal with switch or elevate your organization's skill to expect and adapt for the future.Creating creative and credible eventualities and checking out them opposed to clever competitors who're wanting to locate holes and counter your technique, permits you to find out about a plan or a brand new enterprise within the defense of the convention room instead of studying the tough method if you cross live.Business wargames are refined yet also they are very hard by way of time and assets. "Business Wargaming: Securing company worth" will enable you verify the capability price of the procedure in your personal association, to appreciate what you'll be committing to and strengthen an educated company case and short for operating with the association that might facilitate the sport.
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Extra resources for Business Wargaming
In Chapter 10 a diﬀerent view on designing a business wargame is oﬀered. We have structured each of the cases on the following basis: • point of departure • objectives and key questions • game setup • lessons learned. Strategy Testing CHAPTER 4 The most prominent application of business wargaming to date, clearly rooted in its primary military application, has been in the ﬁeld of strategy testing. The idea is to take an existing strategic plan—which, as we have seen in Chapter 3, could have been developed in a simple or more elaborate form—and test it in a competitive environment in order to discover weaknesses, explore assumptions or simply ﬁnd out whether it works or not.
THE COMPANY TEAM The company team represents the company conducting the wargame and aiming to answer the key strategic questions. The team is made up of senior managers from within the company and typically starts the game by executing its current strategic plan. In some instances, where a company deliberately wants to test alternative courses of action, the team may execute another hypothetical strategy or test an alternative business plan. In executing its strategy the team has all the liberty that it would have in the real world.
How resilient is our business? What happens if? Where is the next threat coming from? How much should we invest in countermeasures? Questions like these have their roots in military scenarios, and yet they are increasingly important for businesses, industries and entire economies. Examples include more politically ﬂavored simulations, such as how shi s in global power will develop, the impact of terrorist actions on economies, and also companies. These are some of the main questions that can be addressed with wargaming.