As we gear up for the business plan process, now is the opportunity to engage in tabletop and wargame exercises. These exercises are dynamic tools to explore ideas, providing invaluable insights before these concepts enter the formal business plan.
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Business wargaming is a process used to simulate competitive situations. It can be used to plan strategy, test business models, and make decisions.
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Do you ever find yourself in a situation where you’re not sure what to do next? If so, then business wargaming may be for you! Business wargaming is a strategy simulation tool that helps business owners make better decisions by allowing them to visualize different scenarios and their outcomes.
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In business, we are always seeking guidance and direction. The complex nature of business leads us to look for frameworks and philosophies that will inform our decision-making.
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A core challenge for all businesses is to understand, anticipate, and prepare for competitive activity in the marketplace. Many business plans contain a section on competition, but the level of detail is often woefully inadequate to arrive at any sort of meaningful understanding of the competitive landscape.
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