Techniques for Scenario Planning in Business Strategy
Using scenario planning techniques to prepare for different future business scenarios and uncertainties.
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Imagine you are a business strategist tasked with using scenario planning techniques to prepare for future uncertainties. Outline a detailed approach to scenario planning that includes identifying key uncertainties, developing plausible scenarios, and crafting strategic responses. Provide step-by-step instructions on how to analyze these scenarios for strategic decision-making, focusing on the impact on business objectives, market identification, and resource allocation. Include examples of potential scenarios relevant to industries experiencing rapid change. Format the response in a clear and actionable plan, highlighting critical checkpoints and metrics for success.
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# Scenario Planning Approach for Business Strategy ## Step 1: Identify Key Uncertainties Begin by l...
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