Scenario Frameworks (Scenario Planning)

Scenario frameworks, or scenario planning, are strategic tools used to imagine and prepare for different possible futures. They involve identifying key uncertainties—like technological advances or economic shifts—and developing diverse, plausible scenarios based on how these factors might evolve. Organizations use these scenarios to test strategies, recognize potential risks, and seize opportunities, helping them stay adaptable in an uncertain world. Instead of predicting one future, scenario planning considers multiple possibilities, enabling better decision-making in complex environments.