Time Frame in Scenario Planning?
A scenario consist of a statement of an end state and a story explaining how the end state has developed, together with the underlying logic of external environment and internal forces in the industry / firm.
Did a write up on scenario planning but got it confused at a point with forecasting through provision of historical data... Found it kind of convenient to predict the future based on the occurences in the past.
I would appreciate if someone that has a hands on experience of scenario planning explains,
how do you arrive at the time frame determination and how specific are their scenarios about the future. Many thanks, Ade
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Jozef, Netherlands
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Scenario Planning Criteria
A scenario always has an end stage and a begin stage.
In between are either steps or a continuum, say “stages”. Every stage always has 4 dimensions: time, place, quality and quantity.
When comparing scenario’s, write down the criteria first. Vary only ONE dimension per scenario, thus avoiding results that can not be tracked down to a singe variable. Painstaking labour? Yes. Profitable? Often!
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