Future proofing with ‘what if’ scenarios…

As we enter the final quarter of the year, it’s time to start thinking about your strategy for next year. How do you decide what to change and what to keep? How do you develop a future-proof strategy?

It can start with developing scenarios. Start right now. Take a moment to think about what could happen to your organisation in the next 12 or 24 months. Will inflation have an impact? What about future staff hires – will they be in the office or online? How difficult will they be to attract? Where will you get your key supplies? How will your supply chain change? These are scenarios you can work on and come up with responses to.

This wider thinking allows you to consider a higher level strategy. More like ‘How do we build a high performing team and deal with the higher cost of attracting talent’ rather than dealing with specific situations (like: ‘what do we do about Bill?’)

You may want to consider developing a range of scenarios with your team to test out potential strategies to respond to or prepare for situations you may encounter. EG if COVID had major issues on your supply chain (and it has for most people) what could be your response?

How do you get prepared for these business scenario sessions:

1. Get the right team together – find the people most open to change and to others’ ideas.

2. Define your scope – what’s in and what’s out.

3. Get the data together – how often do you start a planning session with no real data to work with? You dont need every bit of data as continuous data gathering can be a trap but you need some to confirm your suspicions or intentions.

4. Identify key change drivers which could influence your future scenarios which are uncertain, impactful, and relevant to your scope. You can use customer feedback, market research or industry reports to help you identify them. That supply chain example, what happened last year and what could happen next year?

5. Create your scenarios based on your key change drivers and consider the perspective you’ll take. Are you looking at things through a customer service or a technology lens for example?

6. Test them. Test out their plausibility and their likelihood to make an impact. Pull them apart and test them with relevant audiences.

Once you’ve made some progress you can communicate your scenarios to your team and consider what, if anything, you want to put in to action. Then take action. Don’t leave everything sitting on the procrastination shelf after all that hard work. Take action learn from that and keep developing new scenarios.

Enjoy your future proofing.

‘I don’t have a strategy so nothing can go wrong, right?’

‘I don’t have a strategy, so nothing can go wrong.’ So said the late, great, comedic genius, Spike Milligan and it made me consider: how many company leaders think like this? I’d like to share with you the benefit of a clear strategy and a well-informed team particularly when thiings go wrong.

If you want a masterclass in strategy and direction, watch Greyhound a recent film starring Tom Hanks who also co-wrote the screenplay. The film is based on the 1955 novel The Good Shepherd by the brilliant writer C. S. Forester which was used in the past as an instruction text by the US Naval Academy.

Hanks’s objective as captain of the lead battleship, ‘Greyhound’, was to protect the World War II allied naval convoy until air cover could arrive. His strategy was to get across the North Atlantic – his first Atlantic crossing – unscathed.  Everything that could go wrong did go  wrong – the weather was terrible, the convoy was attacked by multiple submarines simultaneously, key staff were killed, merchant and warships were sunk. Yet the clarity of their objective to protect the convoy never wavered.  The methods used to direct the well-trained crew were startling in their simplicity.  An example of this was when the captain called a messenger to the bridge: ‘Write this’ he says and gives his message. Then: ‘Send it’ he says as the messenger hurries away.  Crystal clear communication with minimal hesitation. 

It’s relevant to a business context that the Atlantic conflict centred on keeping the global supply chains open: the United Kingdom and Russia required a regular flow of imported goods and raw materials. To ensure the safe delivery of cargo into Europe, the allies sent merchant ship convoys escorted by warships and when possible, aircraft.

The Greyhound captain tactically adapts constantly to the changing, hostile environment, getting regular input and advice from his key officers, but the goal doesn’t waver: protect the convoy. This gives clarity to his thinking and keeps him and his crew on track. He is always communicating with his team and with others in the convoy.

The bridge crew had a minute-by-minute understanding of their competitive environment (in this case, radar readings of the location and actions of German U-boats). Each member of the crew knew exactly what their job was and what was expected of them.  However, the captain studiously ignored the jeering provocation of his enemy (the competition) over the radio and focused on the task at hand.

This fictional depiction was inspired by true events and was a privilege to watch even if the war context was not something I usually enjoy.  It is a tense, nail-biting experience and not unlike some days at the office because we take our businesses very seriously.

Now, while sadly there are too many real conflicts around the world that some of you reading this could be facing, we are talking about business. And we are not all trained military personnel, I get that.  But business can feel a bit like conflict when your competition is outsmarting you with new products appearing in places you didn’t expect – think artificial intelligence or intellectual property theft. Or you suddenly lose key staff at critical moments. This is where your strategy, your experience and your capacity to lead your team come together to deliver your objectives.

If you are thinking, well I don’t have a strategy and I’m doing ok. As a founder or CEO, I rely on my ‘gut feeling’.  But remember, this is difficult to share with a team.

Imagine how much better you could do if your staff knew as clearly as you do where you are going and how you will get there.  You may not be fighting the battle for the Atlantic each day, but you do have big goals and having a strategy will help you achieve it. Because believe, me, things will go wrong along the way and a strategy may be just the thing that will help you meet those challenges head on.

Talk to me if you’d like to discuss your business strategy at pamela@fundraisershandbook.com

Note: I have no political agenda in writing this piece – the battle for the Atlantic meant the loss of thousands of lives on all sides.  I used the example of the fictional film to demonstrate the benefit of clear objectives and masterful implementation of strategy. And because I really like Tom Hanks in this role.

Welcome to The Fundraiser’s Handbook

 

Research shows that fundraisers have very difficult jobs and are often required to deliver ambitious goals with few resources.

If you are a Fundraising Director or responsible for planning and implementing the fundraising strategy for your organisation, The Fundraiser’s Handbook is here to assist you by giving your the resources to make your job easier. 

You’ll learn how to create a winning fundraising strategy and raise more money than ever before for your cause.

If you have any questions, reach out to Pamela Sutton-Legaud, author of The Fundraiser’s Handbook and a  fundraising expert who has worked with the charity and not-for-profit sector for over 20 years.

Visit the case studies section and see some of the projects Pamela has worked on. Each one had its own crafted fundraising strategy that delivered winning results.

Start with the end in mind

If you keep your eye on the goals you are trying to achieve then write a plan to achieve them, you have a much better chance of success.

The Fundraiser’s Handbook is made up of 4 stages that will help you create and implement a winning fundraising strategy:

Stage 1: 

Plan your strategy – get all the information together to help you really understand what you are raising money for and what resource you have to work with.

Stage 2 :

Write your strategy – put it all together in a simple but powerful fundraising strategy template

Stage 3: 

Implement your strategy – let’s do it! Putting your strategy into action

Stage 4:

Analyse and review your results – review what you achieved and how you could do it differently next time.

Ready to raise some money? Let’s go.

Funding Empowered Mermaids

I love a good mermaid story. Even better when it is combined with fundraising success.

The Mermaid Detective is a children’s book by mother and daughter team Margo & Emma Gibbs. They shared their Pozible crowdfunding story of how they raised $6000 to launch their book. While not everyone is writing a children’s book, the advice they offer on how to crowdfund for your project is really helpful, like: plan your campaign; connect don’t broadcast and one of the most important, set a realistic goal.

If you are thinking of crowdfunding, take a look at Margo and Emma’s story. And happy fundraising for all those mermaids.

PS: Visit www.fundraisershandbook.com for more fundraising help.

You’re invited on 5th April to create a winning fundraising strategy…

The wonderful people at Fundraising & Philanthropy Australasia Magazine (F&P) have invited me to host a webinar on Tuesday 5th April so you can learn how you can create a winning fundraising strategy.

If you’d like to attend click on this link. As an attendee, you’ll get a special offer of 20% off my book, The Fundraiser’s Handbook and the chance to win a free copy.

Visit F&P Magazine to read an excerpt from my book and to hear all the news on fundraising and philanthropy around Australasia.

Looking forward to seeing you at the webinar.