Resources

Preparing for the future: The power of scenario planning

by Jedox | whitepapers

Scenario planning is a powerful approach to help organisations navigate uncertainty in a volatile business world. By generating and analyzing potential future scenarios, executive teams can make informed decisions based on a range of possibilities. Unlike traditional forecasting, scenario planning embraces the probabilistic nature of the future and explores alternative courses of action. It offers benefits such as confident decision-making, effective resource allocation, proactive risk management, increased adaptability, streamlined collaboration, and fostering creativity. The process involves defining the current position, developing multiple scenarios, analyzing their impact, determining strategic directions, and creating action plans. Scenario planning enables organizations to build resilience and adaptability in an uncertain world.

Here’s what you can understand from this guide :

  • What is scenario planning?
  • How does scenario planning differ from traditional forecasting?
  • Benefits of scenario planning in an uncertain world
  • Steps for an effective scenario planning process
  • Why scenario planning is important
  • Tips for powerful scenario planning

To know more, download ‘Preparing for the future: The power of scenario planning’ guide by clicking below.

 

Was this article helpful?

Related Resources

How Generative AI is transforming accounts payable
whitepapers | Corporate Finance

How Generative AI is transforming accounts payable

1m
ESG reporting: Priorities for Finance Team
whitepapers | Corporate Finance

ESG reporting: Priorities for Finance Team

1m
Supporting the move to a cloud general ledger in Financial Services
whitepapers | Corporate Finance

Supporting the move to a cloud general ledger in Financial Services

2m

Other resources from Jedox

Adapting to an inflationary environment
Corporate Finance

Adapting to an inflationary environment

8m
How Integrated Planning Plays a Key Role in Digital Transformation

How Integrated Planning Plays a Key Role in Digital Transformation

1y