Scenario Planning enhances business strategy by allowing businesses to anticipate and prepare for potential future situations. It helps in identifying key growth factors and potential threats, which can be crucial for strategic planning. Scenario Planning also encourages businesses to evaluate their internal and external factors that could impact their future scenarios. This includes assessing the availability of resources like talent, skills, data, technology, and equipment. By doing so, businesses can ensure they are equipped to handle different scenarios, thereby enhancing their business strategy.
Calculate and document every action to gain a competitive advantage and react confidently to any typ...
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