Question
A scenario planning map in business strategy serves to illustrate and balance different strategic dimensions in a relatable way. It is used to develop an agile response strategy by including as many details as possible to evaluate the likelihood of success or failure of various strategic alternatives. It helps businesses to anticipate many possible future scenarios rather than just one, thus enabling them to react confidently to any type of situation.
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Use this slide to create a scenario planning map. This map can consist of different parts with the purpose to illustrate and balance different strategic dimensions in a realtable way. Utilize Scenario Planning Matrix to develop an agile response strategy. Include as many details as possible to evaluate the likelihood of the success or failure of various strategic alternatives. The idea behind "funnel model" is that the farther we look from today's viewpoint into the future, the higher is the number of probable developments. Use this slide to make predictions for many possible future scenarios rather than just one.
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