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Scenario Planning: Supplementing Traditional Strategic Planning

March 1st, 2014 1 comment

It is clear the rate of change in today’s work environments has been aggravating with more emphasis nowadays on smaller teams, incremental and rapid delivery, faster payback, and frequent project status reporting. This acceleration has instigated uncertainty that forced organisations to start supporting their strategic planning with a longer term perspective of planning called scenario planning or scenario thinking/analysis. Scenario planning was established by Royal Dutch Shell during the 1973 petroleum shortage period and was adopted later by many big companies like US Steel, Microsoft, AT&T, and IBM.