Iron Mike Tyson had a way with words. And with knocking people out. So who better to quote when it comes to contingency planning than a man who would TKO plans with a single punch?
Scenario planning is always a critical activity for founders. But in these times, it is even more important. To assist entrepreneurs and business mangers, I’m compiling a handful of the most interesting scenario frameworks. if you know of others that you effectively use, please let me know. And thanks to all the firms for making their frameworks public for us to use.
First Round Capital focuses on Plan Revenue & Plan Operating Expenses as it relates to the length of your cash runway. To read more on First Round Capital’s thinking, read here
Sequoia layers in the concept of what is In/Out of our control
BCG reminds us that no scenario planning matrix should remain static. The Air Force mantra that is heavily borrowed in the venture community helps us remember to OODA (Observe, Orient, Decide, Act – and repeat).
Bain offers a very detailed 360 degree matrix that is very interesting.
I’m sure there are many others that should be added to this list. Please offer up any suggestions.
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