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    Kavitha Rajagopal
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    Scenario planning involves making assumptions about potential futures and how a business's environment may change over time. It specifically focuses on identifying key uncertainties and possible realities for what may happen in the future. The scenario planning process includes determining objectives, generating multiple scenarios to achieve those objectives, evaluating the scenarios and their potential outcomes, selecting the most optimal scenario, and reviewing the selected scenario.

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    Scenario planning involves making assumptions about potential futures and how a business's environment may change over time. It specifically focuses on identifying key uncertainties and possible realities for what may happen in the future. The scenario planning process includes determining objectives, generating multiple scenarios to achieve those objectives, evaluating the scenarios and their potential outcomes, selecting the most optimal scenario, and reviewing the selected scenario.

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    8 views1 page

    Buss 5

    Uploaded by

    Kavitha Rajagopal
    Scenario planning involves making assumptions about potential futures and how a business's environment may change over time. It specifically focuses on identifying key uncertainties and possible realities for what may happen in the future. The scenario planning process includes determining objectives, generating multiple scenarios to achieve those objectives, evaluating the scenarios and their potential outcomes, selecting the most optimal scenario, and reviewing the selected scenario.

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    © All Rights Reserved
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    QUESTIONS:

    Scenario planning is making assumptions on what the future is going to be and how

    your business environment will change overtime in light of that future. More

    precisely, Scenario planning is identifying a specific set of uncertainties, different

    “realities” of what might happen in the future of your business.

    What are your views on the following questions:

    1. What are the steps in scenario planning process?

    ANSWERS

    The steps in the scenario planning process includes

    1. Identifying or determining the objective / desired result(s);

    2. Generate different scenarios on how to best achieve the result(s);

    3. Evaluate the different scenarios with the positive and/or negative outcomes;

    4. Select the scenario which presents the entity with the most optimum outcome

    to achieve the desired result(s); and

    5. Review the selected outcome.

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