Scenario planning differs from other business forecasting tools in that it doesn't just predict a single outcome based on historical data or trends. Instead, it considers multiple possible future scenarios, including those that are highly uncertain or unpredictable. This allows businesses to prepare for a wider range of potential outcomes and risks, and to develop strategies that are flexible and adaptable. It encourages thinking beyond the usual assumptions and expectations, and can help businesses to be more resilient and agile in the face of change.
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