Functions of Scenario Planning

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  • Business model


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Scenario planning is a process that helps organizations prepare for the future. It helps them to identify and predict potential threats, opportunities, and risks. The first function of scenario planning is to help organizations to identify threats, opportunities, and risks in their environment. This helps them to make informed decisions on how they should proceed with their future plans. The second function of scenario planning is to develop a strategy for dealing with these identified threats, opportunities, and risks. It also ensures that they are prepared when the situation arises. The third function of scenario planning is to provide a framework for decision making across the organization. It provides them with a sense of direction on what they should do next based on the current situation or state of affairs.
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