Scenario Planning in Organizations

Scenario planning is a strategic process organizations use to envision different possible future environments and their impacts. By considering various factors such as economic trends, technological advances, or political changes, organizations develop multiple detailed stories about what the future might look like. This helps them identify potential opportunities and risks, enabling better preparation and flexible decision-making. Instead of predicting a single future, scenario planning prepares organizations to adapt to a range of possible outcomes, enhancing resilience and strategic agility in an uncertain world.