Scenario planning contributes to the success or failure of various strategic alternatives by allowing organizations to evaluate the likelihood of different outcomes. It involves creating a scenario planning map and a scenario planning matrix to balance different strategic dimensions and develop an agile response strategy. The idea behind this approach is to predict many possible future scenarios rather than just one, which helps in making informed decisions and mitigating risks.
Calculate and document every action to gain a competitive advantage and react confidently to any typ...
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