Scenario Planning (Online)

Learn how to model, predict and prepare for the future

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Course Dates

STARTS ON

June 27, 2023

Course Duration

DURATION

6 weeks
4–6 hours per week

Course Fee
Course Fee

For Your Team

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The New Urgency for Scenario Planning

Extreme events rarely happen in isolation and often trigger unexpected financial consequences across the globe. In truth, there may never be a return to normal or even a “new normal.” That’s why the need for businesses to be future-ready is more critical than ever.

Your strategic advantage depends on your organization's ability to examine possible futures by creating hypothetical baselines, and best- and worst-case scenarios. Doing so enables you to develop action plans with real-time data you can tap into without overanalyzing or second-guessing in the moment.

As a participant in this program, you’ll learn the essentials to help your business build and analyze plausible scenarios to gain a strategic advantage and true resilience in any disruption.

68%

of chief financial officers (CFOs) say a real-time financial model making use of AI and ML is critical to more accurate business forecasting.

SOURCE: ACCENTURE

80%

of organizations set targets in relation to historical performance instead of future scenarios.

SOURCE: ACCENTURE

70%

of financial institutions use scenario analysis as part of their climate risk management.

SOURCE: GLOBAL ASSOCIATION OF RISK PROFESSIONALS

Key Takeaways

  • Develop the mindset and steps for scenario planning to augment, not replace, strategic planning
  • Learn the essentials of scenario planning in order to identify future risks and opportunities
  • Understand how behavioral bias affects scenario planning so you can develop a plan to mitigate its impact
  • Explore AI and machine learning applications to expand your potential scenario planning and modeling options

Who Is the Program For?

C-suite executives, business leaders, and founders

To use scenario planning to augment their organization’s strategy and guide teams to develop scenarios, business leaders and founders will learn to develop farsighted business strategies to deal with multiple potential scenarios:

  • Chief experience officer (CXO)
  • Managing director
  • Executive director
  • President
  • Principal
  • Partner
  • Cofounder

Mid-career and senior managers in finance

To evaluate financial risks more successfully, leaders in the finance realm will gain an understanding of how to deploy effective scenarios as a basis for business decisions:

  • Finance director
  • Vice president of finance
  • Assistant vice president of strategic initiatives
  • Financial planning manager
  • Finance manager
  • Financial analyst
  • Credit analyst
  • Economist
  • Management accountant
  • Senior risk analyst
  • Risk manager

Financial advisors and financial consultants

To assess the likelihood of various outcomes and develop strategies for alternate scenarios, experienced advisors will master the fundamentals of scenario planning to offer better solutions for their clients:

  • Financial advisor
  • Financial planner
  • Wealth advisor
  • Wealth management advisor
  • Private equity professional
  • Private equity investor
  • Venture capital investor
  • Distressed assets investor
  • Investment consultant
  • Family office representative
  • Private banker

Program Modules

Module 1:

Become a Strategic Influencer

Learn why forecasts and plans are often wrong and discover the essentials of scenario planning and how it differs from strategic planning.

Module 2:

Building Tools and Governance Design

Examine how enablers and barriers affect the scenario planning process and learn to identify (and avoid) the behavioral biases prevalent in scenario planning.

Module 3:

Case Study—Chevron

Apply a scenario planning framework to a real-life case study of Chevron, evaluating key issues, driving forces, and critical uncertainties that could impact Chevron's global business strategy.

Module 4:

Case Study—Netflix

Use the scenario planning framework to analyze the Netflix case study, identify challenges to its business strategy and assess likely outcomes for the streaming giant.

Module 5:

Case Study—IBM

Explore IBM's history and culture via this real-world case study and assess potential challenges to its strategic plans for reinvent itself and competing against the new titans of industry.

Module 6:

The Role of AI and Machine Learning in Scenario Planning

Identify where AI and machine learning are most effective in scenario planning and understand why their use demands intuition, experience, local knowledge and data.

Module 1:

Become a Strategic Influencer

Learn why forecasts and plans are often wrong and discover the essentials of scenario planning and how it differs from strategic planning.

Module 4:

Case Study—Netflix

Use the scenario planning framework to analyze the Netflix case study, identify challenges to its business strategy and assess likely outcomes for the streaming giant.

Module 2:

Building Tools and Governance Design

Examine how enablers and barriers affect the scenario planning process and learn to identify (and avoid) the behavioral biases prevalent in scenario planning.

Module 5:

Case Study—IBM

Explore IBM's history and culture via this real-world case study and assess potential challenges to its strategic plans for reinvent itself and competing against the new titans of industry.

Module 3:

Case Study—Chevron

Apply a scenario planning framework to a real-life case study of Chevron, evaluating key issues, driving forces, and critical uncertainties that could impact Chevron's global business strategy.

Module 6:

The Role of AI and Machine Learning in Scenario Planning

Identify where AI and machine learning are most effective in scenario planning and understand why their use demands intuition, experience, local knowledge and data.

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Program Experience

Decorative image relating to live webinars

Live webinars

Real-world case studies

Video lectures with Columbia Business School faculty

Expert guest speakers

Decorative image relating to peer learning and discussions

Peer learning and discussions

Assignments

Capstone project

Dedicated program support team

Live office hours with program leaders

Case Studies

Chevron

Explore how this worldwide energy giant deals with the complexity of uncertain human, market, and climate forces.

Netflix

Discover how the world’s leading internet television network strategizes in the face of global unknowns.

IBM

Dive into the specifics of how this multinational technology corporation prepares for the future—and possible alternate futures.

Program Faculty

Faculty Member Shivaram Rajgopal

Shivaram Rajgopal

Roy Bernard Kester and T.W. Byrnes Professor of Accounting and Auditing

At Columbia Business School, Shivaram Rajgopal teaches fundamental analysis of financial statements for investors, managers, and entrepreneurs and a PhD seminar on accounting regulation. His research focuses on financial reporting, earnings quality, fraud, executive compensation, and corporate culture... More info

Guest Speakers

Bobby Friedman

Bungalow Media + Entertainment CEO

As the founder of an entertainment and media organization backed by private equity, Bobby Friedman gives a guided tour of the Netflix case study, exploring how they can grow into their valuation in terms of fundamentals, cash flow, and strategies.

Jesse J. Greene, Jr.

IBM VP of Financial Management and Chief Financial Risk Officer (Retired)

From an insider’s perspective, Jesse J. Greene reviews the IBM case study, focusing on how IBM can become a trillion-dollar organization.

Sanjay Gupta

PNC Bank Head of BSAM Model Development

As an expert in using predictive analytics to acquire customers and understand the drivers of defaults and losses, Sanjay Gupta explains the role of AI and machine learning in scenario planning.

Certificate

Certificate

Upon completion of this program, you will receive a certificate of participation from Columbia Business School Executive Education.

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This certificate also counts toward the Certificate of Business Excellence, which grants select alumni and tuition benefits. Your verified digital certificate will be issued in your legal name and emailed to you, at no additional cost, upon completion of the program, per the stipulated requirements. All certificate images are for illustrative purposes only and may be subject to change at the discretion of Columbia Business School Executive Education.

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FAQs

  • How do I know if this program is right for me?

    After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.


    Are there any prerequisites for this program?

    Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at the ID mentioned above.


    Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.


    What is the typical class profile?

    More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.


    What other dates will this program be offered in the future?

    Check back to this program web page or email us to inquire if future program dates or the timeline for future offerings have been confirmed yet.

  • How much time is required each week?

    Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.


    How will my time be spent?

    We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:



    • Engaging with recorded video lectures from faculty
    • Attending webinars and office hours, as per the specific program schedule
    • Reading or engaging with examples of core topics
    • Completing knowledge checks/quizzes and required activities
    • Engaging in moderated discussion groups with your peers
    • Completing your final project, if required

    The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please email us if you need further clarification on program activities.


    What is it like to learn online with the learning collaborator, Emeritus?

    More than 300,000 learners across 200 countries have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.

    All the contents of the course would be made available to students at the commencement of the course. However, to ensure the program delivers the desired learning outcomes the students may appoint Emeritus to manage the delivery of the program in a cohort-based manner the cost of which is already included in the overall course fee of the course.

    A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.


    How do I interact with other program participants?

    Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.

  • What are the requirements to earn the certificate?

    Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.

    This program is scored as a pass or no-pass; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please email us if you need further clarification on any specific program requirements.


    What type of certificate will I receive?

    Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile.
    The digital certificate will be sent approximately two weeks after the program, once grading is complete.


    Can I get the hard copy of the certificate?

    No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.


    Do I receive alumni status after completing this program?

    No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.


    How long will I have access to the learning materials?

    You will have access to the online learning platform and all the videos and program materials for 12 months following the program end date. Access to the learning platform is restricted to registered participants per the terms of agreement.

  • What equipment or technical requirements are there for this program?

    Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.


    Do I need to be online to access the program content?

    Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.

    Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.

  • Can I still register if the registration deadline has passed?

    Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.


    What is the program fee, and what forms of payment do you accept?

    The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.

    • Flexible payment options are available (see details below as well as at the top of this program web page next to FEE).
    • Tuition assistance is available for participants who qualify. Please email learner.success@emeritus.org.

    What if I don’t have a credit card? Is there another method of payment accepted?

    Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us for details.


    I was not able to use the discount code provided. Can you help?

    Yes! Please email us with the details of the program you are interested in, and we will assist you.


    How can I obtain an invoice for payment?

    Please email us your invoicing requirements and the specific program you’re interested in enrolling in.


    Is there an option to make flexible payments for this program?

    Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.


    How can I obtain a W9 form?

    Please connect with us via email for assistance.

  • What is the policy on refunds and withdrawals?

    You may request a full refund within seven days of your payment or 14 days after the published start date of the program, whichever comes later. If your enrollment had previously been deferred, you will not be entitled to a refund. Partial (or pro-rated) refunds are not offered. All withdrawal and refund requests should be sent to admissions@emeritus.org.



    What is the policy on deferrals?

    After the published start date of the program, you have until the midpoint of the program to request to defer to a future cohort of the same program. A deferral request must be submitted along with a specified reason and explanation. Cohort changes may be made only once per enrollment and are subject to availability of other cohorts scheduled at our discretion. This will not be applicable for deferrals within the refund period, and the limit of one deferral per enrollment remains. All deferral requests should be sent to admissions@emeritus.org.

Didn't find what you were looking for? Write to us at learner.success@emeritus.org or Schedule a call with one of our Academic Advisors or call us at +1 315 387 4431 (US) / +44 203 838 0836 (UK) / +65 3163 9288 (SG)

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Flexible payment options available. Learn more.