s traditional form, a typical vision statement spells out where you want to be, and what the company looks like at a point in time in the future. In essence, the traditional vision statement is a snapshot of the desired future state of the company.

Rather than create a vision of a desired future state, envision varying degrees of business failure, and what events, inside and outside of your co

What would it take to make your business fail? What conditions could precipitate and sustain “the spiral of death”? What would complete financial collapse really look like? If your primary competitor acquired the firm, where would they strip out expenses, and what assets would they covet? These are grisly questions to consider, but sometimes we need to envision complete breakdown and failure to understand how to prevent it, and find the next level of success.

Envisioning the failure of your organization is not a pleasant exercise, in fact it can be downright scary. In life, and in business, none of us like to think about potential failure, let alone describe it in gory detail and wallow in it. Yet, in a controlled environment, it will be one of the most useful and enlightening discussions a management team will ever have. Creating a vision of failure will force management to:
· Critically understand, challenge and test the assumptions that your strategy is built on. · Look at the business as an objective third party might.
· Discover remarkable clarity about weaknesses, gaps, and opportunities.
· Put traditional risk assessment into a broader and more useful context.
· Be truly innovative to find new sources of growth and strength.
· Learn to recognize potential warning signs of real failure, before it is too late.
· Align their thinking on key issues that usually remains unspoken.

The exercise is straightforward. We've all been through workshops, and strategic off-sites to create a vision of the future, and a strategy to get there. In its traditional form, a typical vision statement spells out where you want to be, and what the company looks like at a point in time in the future. In essence, the traditional vision statement is a snapshot of the desired future state of the company.

Rather than create a vision of a desired future state, envision varying degrees of business failure, and what events, inside and outside of your con

rstand how to prevent it, and find the next level of success.

Envisioning the failure of your organization is not a pleasant exercise, in fact it can be downright scary. In life, and in business, none of us like to think about potential failure, let alone describe it in gory detail and wallow in it. Yet, in a controlled environment, it will be one of the most useful and enlightening discussions a management team will ever have. Creating a vision of failure will force management to:
· Critically understand, challenge and test the assumptions that your strategy is built on. · Look at the business as an objective third party might.
· Discover remarkable clarity about weaknesses, gaps, and opportunities.
· Put traditional risk assessment into a broader and more useful context.
· Be truly innovative to find new sources of growth and strength.
· Learn to recognize potential warning signs of real failure, before it is too late.
· Align their thinking on key issues that usually remains unspoken.

The exercise is straightforward. We've all been through workshops, and strategic off-sites to create a vision of the future, and a strategy to get there. In its traditional form, a typical vision statement spells out where you want to be, and what the company looks like at a point in time in the future. In essence, the traditional vision statement is a snapshot of the desired future state of the company.

Rather than create a vision of a desired future state, envision varying degrees of business failure, and what events, inside and outside of your co

a management team will ever have. Creating a vision of failure will force management to:
· Critically understand, challenge and test the assumptions that your strategy is built on. · Look at the business as an objective third party might.
· Discover remarkable clarity about weaknesses, gaps, and opportunities.
· Put traditional risk assessment into a broader and more useful context.
· Be truly innovative to find new sources of growth and strength.
· Learn to recognize potential warning signs of real failure, before it is too late.
· Align their thinking on key issues that usually remains unspoken.

The exercise is straightforward. We've all been through workshops, and strategic off-sites to create a vision of the future, and a strategy to get there. In its traditional form, a typical vision statement spells out where you want to be, and what the company looks like at a point in time in the future. In essence, the traditional vision statement is a snapshot of the desired future state of the company.

Rather than create a vision of a desired future state, envision varying degrees of business failure, and what events, inside and outside of your co

br> · Be truly innovative to find new sources of growth and strength.
· Learn to recognize potential warning signs of real failure, before it is too late.
· Align their thinking on key issues that usually remains unspoken.

The exercise is straightforward. We've all been through workshops, and strategic off-sites to create a vision of the future, and a strategy to get there. In its traditional form, a typical vision statement spells out where you want to be, and what the company looks like at a point in time in the future. In essence, the traditional vision statement is a snapshot of the desired future state of the company.

Rather than create a vision of a desired future state, envision varying degrees of business failure, and what events, inside and outside of your co

s traditional form, a typical vision statement spells out where you want to be, and what the company looks like at a point in time in the future. In essence, the traditional vision statement is a snapshot of the desired future state of the company.

Rather than create a vision of a desired future state, envision varying degrees of business failure, and what events, inside and outside of your control might contribute. A few pointers for success:
· Keep the session secret. The very notion can be alarming and distracting to employees. Without the proper context, shareholders, customers, and competitors will draw their own conclusions.
· Keep the results secret. The output from the session is an articulation of your flaws and weaknesses, and could be dangerous in the wrong hands.
· Use a consultant that is experienced with similar exercises. This exercise can get badly off-track if not handled expertly.
· Be prepared to act on what you learn. If you won't take steps to change based on the results, then don't bother with the exercise.
· Be as open and objective as possible. This is not a session for management to air their pet peeves, and bemoan everything that is bad about the company.
· Ensure the work is sponsored and fully supported by the CEO or division leader.

Careful preparation and follow up are as important as the session itself. After the session, you should have a solid statement of just how bad things could go wrong. Like a traditional vision statement, a vision of failure will be more useful and practical if it is strategic, but specific. Choose a planning horizon 3-5 years out to keep the discussion grounded. Make sure the potential failure points are measurable, so everyone is clear. Just hope you never see those measures of failure in your business, and don't post the new vision on your website!

As with traditional strategic planning, once you have your vision of the future, you need a plan. The output of the exercis