Scenario 3: Exports to the USA are discontinued and the organization has to find new outlets. The above mentioned Scenario Planning example is based on three scenarios: an optimistic, a normal and most likely scenario (this is also referred to as forecasting) and a pessimist scenario (also referred to as worst case scenario).
Each scenario gives a rich description for possible future developments and their consequences for the organization. Directors need to consider the possibilities, opportunities, risks and threats in each of the scenarios. What are the factors that need to be taken into consideration?
Multiple future scenarios are used. Each scenario gives a rich description for possible future developments and their consequences for the organization. Directors need to consider the possibilities, opportunities, risks and threats in each of the scenarios.
Similar to the employee plans, this work plan has a larger scope and may include: 1 Benefits the plan would have to the business 2 Detailed lists of costs and the budget associated with the project 3 Statistics that show how the business will increase because of the project