It aims to define your critical uncertainties and develop plausible scenarios in order to discuss the impacts and the responses to give for each one of them. If you are aware of what could happen, you are more likely to deal with what will happen.
It involves identifying a specific set of uncertainties, different “realities” of what might happen in the future of your business.
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Similar ideas to Scenario planning
Managers who can expand their imaginations to see a wider range of possible futures will be much better positioned to take advantage of the unexpected opportunities that appear.
By identifying basic trends and uncertainties, a manager can construct a series of scenarios that will ...
It has two parts, with the first five steps, concentrating on which particular scenarios to work on, and the rest three steps towards the story, implications and indicators.
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