Question
Scenario planning strategies can vary across different industries. However, some common strategies include:
1. Trend Analysis: This involves identifying and analyzing trends that could impact the industry in the future.
2. PESTEL Analysis: This involves analyzing Political, Economic, Social, Technological, Environmental, and Legal factors that could affect the industry.
3. SWOT Analysis: This involves identifying Strengths, Weaknesses, Opportunities, and Threats in the industry.
4. Delphi Technique: This involves gathering expert opinions and using them to predict future scenarios.
5. Simulation Models: This involves creating computer models to simulate different scenarios and their potential outcomes.
6. Cross-Impact Analysis: This involves analyzing how different events could impact each other and the industry as a whole.
Remember, the choice of strategy depends on the specific industry and the nature of the business.
This question was asked on:
The Products tab assesses up to 10 different product types and sizes, their price, sales per month, and monthly sales growth rate. For a mobile app, this could be in-app purchases or different price-points for the app itself to test against each other. As mentioned at the beginning, this business plan doesn't have to be used for mobile apps alone: any business can use this to scenario-plan different products and price points, like if you need a business plan for a restaurant with a website or a business plan for a trucking company that conducts sales online.
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