If anything magnifies the value of scenario planning, it's a pandemic - even if most companies didn't have “economy grinds to a halt” in their modeling. We'll look at two fictional firms, a software company and a wholesale distributor, to illustrate the planning process.What's important is choosing a method that works for your team There are a number of templates and formalized frameworks for scenario planning, as we'll discuss.By visualizing potential risks and opportunities, businesses can become proactive versus simply reacting to events. ![]() Scenario planning helps decision-makers identify ranges of potential outcomes and impacts, evaluate responses and manage for both positive and negative possibilities.East, Nordics and Other Regions (opens in new tab)
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