Scenario Planning - A Tool for Strategic Thinking
The report discusses scenario planning as a strategic tool.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: |
Sloan Management Review |
| Authors: | Paul J H Schoemaker, Paul J.h. Schoemaker |
| Geographic focus: | Global |
Methods
The research method involves a literature review and analysis of the scenario planning process, including its steps and applications in organizational strategy.
(Generated with the help of GPT-4)
Key Insights
Scenario planning is a strategic tool that helps organizations explore and prepare for various potential futures. It involves identifying driving forces in the environment, considering key uncertainties, and combining these elements into plausible future scenarios. These scenarios are not predictions but are used to test the resilience of strategies under different conditions. The process encourages open-mindedness, improves decision-making, and helps in identifying strategic options. It also aids in spotting early signs of possible future events and developing a common strategic vision.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: English publication language | Global geographic scope | decision-making | environmental forces | future scenarios | organizational strategy | planning | scenario | scenario planning | strategic options | strategic thinking | strategy resilience | tool | uncertainties | vision development