The following Insights post is contributed by Tim Smith, President at Competitive Simulations, Inc. and expert JPK Group Presenter.
The problem any company faces in a rapidly changing environment is that they don’t see their pants headed for their ankles… How do they determine when their own processes are getting in the way of their success? How do they know when their strategies are doomed to failure? What should they be anticipating from their competitors, customers, and other market players?
Wargames are among the most useful, time- tested, and proven tools for supporting and driving intelligence efforts and road-testing strategic decision-making. There are two types of wargaming:
- Builds Capability
- Uses a generic business scenario to educate managers in strategic decision-making
- It will put the participants in a safe environment
- Participants will gain experience in radical decision making
- The experience will promote team building
- Builds Specific Response
- Explore and test future competitive strategies in order to discover any weaknesses in a plan and to identify possible consequences of plan adoption
- Is tailored to the needs of a particular firm
- Is used to facilitate the firm’s strategic planning process
- Participants will also gain experience
- Team-building exercise
War Games can uncover opportunities and expose serious threats to your strategies. Any of the popular wargaming methodologies can be adapted to successful games. The key is to pick one and stick with it, until you are comfortable with not only managing the various nuances of the selected process but also in training your Facilitators to do so as well.
Tim specializes in designing business wargames for a broad range of client companies across the globe. Tim’s broad background in Wargaming comes from his extensive experience in the U.S. Army Intelligence community, where he designed, developed and implemented numerous joint-service military training exercises. Tim also spent 13 years working in the business sector where he has conducted over 200 wargaming sessions for Fortune 500 companies. Tim has successfully trained facilitators from companies such as 3M, Amgen, Dow Corning, HP, Kimberly-Clark and Medtronic to run their own games internally. Tim earned a B.A. in Business Economics from the University of California, and an M.B.A. from the Peter Drucker Graduate School of Management, Claremont Graduate University. He has also completed his Juris Doctorate at Loyola Law School in Los Angeles, California.