Project Stamina - brief update

[Chief Stipe]

 

 

 

 

Project Stamina has made good progress through its 'discover' phase. Since late January, RCP has held around 50 meetings (a mix of in-person and online) right across the country and across both Thoroughbred and Harness codes. These sessions have included racing Clubs, Recognised Industry Organisations, and the Racing Integrity Board, and have been focused on listening to stakeholders and building a clearer picture of the current state.

This feedback will now feed into the next phase of work (scenario modelling),  where RCP will develop future state options. There will be further engagement as this next stage develops, and we’ll keep the industry updated as key milestones are reached.

The final report is targeted for end of May 2026.

[curious]

What are "future state options" exactly?

[Chief Stipe]

20 hours ago, curious said:

What are "future state options" exactly?

It is a tool or methodology used to devise a strategic plan to achieve the desired future state.  I realise that some might see that as corporate speak but I've found these types of tools very useful.  They provide a framework.  Quite frankly any business large or small can benefit from strategic planning - most tend to drift along organically.

Future state options are potential strategic paths—such as growth, transformation, or stability—developed to guide an organization from its current operations ("as-is") to a desired future ("to-be"). These options are identified through, for example, this Miro diagram and this YouTube video, using techniques like scenario planning to align, for example, this tourism example from the Ministry of Business, Innovation & Employment to this Spark Business Lab article or to this Medium article about future state definitions. Common options include: 

International Institute of Business Analysis (IIBA) +4

• Transformational/Disruptive: Radical changes to business models, technology, or market position (e.g., entering new markets, adopting new technology).
• Incremental/Evolutionary: Gradual improvements to existing processes, products, or services.
• Operational Optimization: Enhancing efficiency, reducing costs, and refining current capabilities without changing the core model.
• Stabilization/Maintenance: Holding the current market position while focusing on strengthening internal resilience.
• Exit/Divestment: Exiting specific markets or product lines to focus resources elsewhere. 
  International Institute of Business Analysis (IIBA)

[Chief Stipe]

A really useful simple too is a SWOT analysis - Strengths, Weaknesses, Opportunities and Threats.  The first two apply to your business internal environment and the latter two to the external environment in which the business operates.   My preferred method of doing the analysis is to do a TOWS analysis i.e. where you analyse the external environment first.  Then your internal strengths and weaknesses become clearly apparent.

[curious]

Thanks. That's enlightening. Just I didn't recall that term being in the ToR objectives for the project.

[Chief Stipe]

50 minutes ago, curious said:

Thanks. That's enlightening. Just I didn't recall that term being in the ToR objectives for the project.

It's a tool to assist in achieving the objectives.