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Value Creation Blog

Want To Create Better Business Value? Use Scenario Planning

scenario planning resized 600I’m a big fan of scenario planning.  I’ve found that over the years building a scenario, or better yet a series of scenarios, is an effective way of testing an idea to see if it makes any sense. 

The simplest form of scenario planning is doing an annual budget.  Your company might do a probable case, worst-case, and best-case budget.  When you do this you are testing three scenarios that could happen so they can see the range of results that would come from each situation.

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Topics: value creation, scenario planning, megatrends

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