ESD Research Seminar by Assistant Professor Shardul Phadnis

04 Feb 2015 1 pm to 2 pm SUTD, 8 Somapah Road, Think Tank 22 (Building 2, Level 3, Room 2.311)

Abstract:
Scenario planning has been used for half a century by public and private sector organizations for strategic and long-range planning and is viewed as a dynamic capability that can help organizations adapt to changes in today’s turbulent environments. Despite recommending it for making some of the most important organizational decisions, the practice of scenario planning has been supported by very little empirical evidence about its effect on decision makers’ judgment or its effectiveness as a long-range planning technique. In this talk, I will report the findings from our empirical studies to describe how scenario planning influences expert judgment. These findings are subsequently used to design a simulation study to understand the performance of scenario planning in a wider range of applications and to compare it to two other group decision making techniques. I will present the preliminary results of the simulation study and conclude the talk by outlining a research agenda for assessing the merits of scenario planning as a long-range planning technique for engineering systems.

Speaker Bio:
Dr. Shardul Phadnis is an Assistant Professor and Director of Research at Malaysia Institute for Supply Chain Innovation (MISI). He examines the design and adaptation of business models from the supply chain perspective. His research falls in the area of strategic decision making and long-range planning, and contributes to the scholarly domains of managerial cognition, dynamic capabilities, scenario planning, and supply chain strategy. His work has appeared in publications such as Strategic Management Journal, Technological Forecasting & Social Change, and Supply Chain Frontiers. Some recent applications of his research include a long-range planning process for the U.S. freight transportation infrastructure, scenarios for formulating supply chain strategies for global convenience store and chemical firms, and a system for monitoring business environment and guiding adaptation of supply chain strategy of a global beverage firm.

Dr. Phadnis holds a PhD (Engineering Systems) and MEng (Logistics) from Massachusetts Institute of Technology (MIT), and MS (Industrial Engineering) from Ohio State University. Before starting his doctoral studies, Dr. Phadnis worked in the manufacturing industry for seven years, where he developed and led the Lean/Continuous Improvement program at a design-to-manufacture firm.