What is the use of scenario, write the steps to apply it? How it is different than Multiple operation
Answers
Scenario planning is making assumptions on what the future is going to be and how your business environment will change overtime inlight 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
Step 1: Brainstorm Future Scenarios. In the very first step you need to decide a time frame. ...
Step 2: Identify trends and driving forces. ...
Step 3: Create A Scenario Planning Template. ...
Step 4: Develop a Scenario. ...
Step 5: Evaluate a Scenario. ...
Step 6: Update Strategies and Policies Accordingly.
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