Preparing for the future: The power of scenario planning
One of the biggest business risks is information uncertainty – organizations don’t know what they don’t know. So how can executive teams make confident decisions and move forward in a volatile, uncertain, complex, and ambiguous (VUCA) world? One way is through scenario planning.
Scenario planning involves generating and analyzing potential future scenarios, including simulating the effects of intricate changes on the organization and conducting rigorous assessments of alternative courses of action. It provides a structured approach to view different ways the future may unfold based on current trends and assumptions. Using scenario planning, executive teams can make decisions based on various possibilities to stay adaptable and drive growth.
Download the ebook today to learn more about scenario planning.
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