Scenario Planning
What is Scenario Planning?
Scenario planning is a strategic method used by organizations to envision and prepare for multiple potential future outcomes. By analyzing key trends, uncertainties, and driving forces, businesses create detailed, plausible scenarios that guide decision-making and risk management. This approach helps companies adapt to change by anticipating challenges and seizing opportunities in a rapidly evolving environment. Popular in industries like finance, healthcare, and technology, scenario planning is essential for long-term resilience and success.
About the Author
Annika Steele
Annika completed her Masters at the London School of Economics in an interdisciplinary program combining behavioral science, behavioral economics, social psychology, and sustainability. Professionally, she’s applied data-driven insights in project management, consulting, data analytics, and policy proposal. Passionate about the power of psychology to influence an array of social systems, her research has looked at reproductive health, animal welfare, and perfectionism in female distance runners.