Opportunity Landscape Opportunity landscaping is a tool designed specifically for SMEs to aid them in keeping up to date with change, to enable decision makers to anticipate future trends and act accordingly. The main goal of the Opportunity Landscape is to “identify and anticipate relevant future trends and developments in the company’s technological environment by constant and systematic observation of these trends” (Savioz and Blum, 2002). The Opportunity Landscape can be used in two slightly different ways. In Sense Making, it is a way of identifying and structuring new ideas for the future. It can also be used to track and measure issues which may be important for the organisation in the future. Further Information Savioz, P., and Blum, M., (2002), ‘Strategic forecast tool for SMEs: how the opportunity landscape interacts with business strategy to anticipate technological trends’, Technovation, 22, pp 91-100 Instructions Stage 1: Identifying ideas for the future An expanded version of the template below may be used to capture the results of Stage 1. Step 1: Defining the key strategic fields - Individuals from different departments eg R&D, manufacturing or marketing, are brought together in a strategic workshop. Each person is requested to identify areas which are of key importance for the business (both at a Macro PESTLE level, Micro – industry level, and organisation level), these areas are then consolidated into strategic fields. A strategic field is an area which would be likely to be of key importance in the future. Potential fields: technology business winners – markets and products / services people environment processes partners – collaborators customers suppliers Step 2: Brainstorming ideas – Using post it notes, each individual should identify at least one idea per strategic field. Ideas could be: Potential opportunities Ideas for development / improvement Future requirements New products / services Rules: 1 idea per post it note All ideas are valid Step 3: Visualising the landscape - Draw the template onto a large flipchart paper, or project at a wall. Once all the group members have written one idea per strategic field, in rotation each person should position ONE idea on the opportunity landscape in turn: Player Substitute - Junior - High priority (high attractiveness, high possibility) Medium priority (High attractiveness / low possibility, or, low attractiveness / high possibility) Low Priority (low attractiveness, low possibility) TRANSFORMING CAPABILITY SUPPORT MATERIALS LEADING VISION CREATION Opportunity Landscape As each group member places their idea on the landscape they should outline the idea to the group and review positioning based on discussion. Continue to go round the group until all the ideas have been positioned. Remember to add new ideas if they are sparked by others. Remove any duplication. Capture the landscape in a permanent form for review and update. Stage 2: Tracking issues over time (This stage is optional) Step 4: Identifying potential issues – Using a different colour of post it notes each person should identify at least one potential future issue for the company. Issues could be: Key macro trends Customer trends o Challenges o Requirements Competitor trends o New entrants o Collaborations / mergers New technologies Rules: 1 idea per post it note All issues are valid Step 5: Place the issues onto the landscape as above (Step 3) Step 6: Identify a gatekeeper for each issue. Gatekeeper: A person who has frequent contact with people outside the organisation, who is often asked for advice and passes on their information to certain people inside the organisation, creating a communication network. They operate as interfaces between the organisation and the technological environment. Their role is to translate technical information into terms that are meaningful to managers and other organisational colleagues. An internal gate keeper is recommended, although an external individual can be used. Step 7: Regular reporting and monitoring - Each gatekeeper is responsible for their own issue, keeping track of changes and developments regarding these aspects. An update should be provided four times a year (less for substitute or dormant issues) in written form, to the executive team. This information is also stored in a knowledge base. The gatekeeper is also responsible for concluding whether any changes in their area present an opportunity or threat to the company, to include recommendations. The Opportunity Landscape should be updated at least once a year (more often if required), including the creation of new issues if appropriate. TRANSFORMING CAPABILITY SUPPORT MATERIALS LEADING VISION CREATION Opportunity Landscape Adapted from Savioz and Blum (2002) TRANSFORMING CAPABILITY SUPPORT MATERIALS LEADING VISION CREATION