The major driving forces of scenario planning can be categorized into four categories as follows: 1. Social Dynamics: Social dynamics in broadest terms incorporate major demographic trends like, age-mix, income, education and lifestyles and even the change in the value systems. To take an example lifestyle changes now shift customers’ perceptions to more value-added products […]
What are the Driving Forces of Scenario Planning? – Explained!
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How are Scenario Plans Influenced by Individual Perception?
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Scenarios are the alternative views of the future, primarily based on some events or changes which have occurred or likely to occur. From the organizational point of view, it helps in identifying the strategic-fit, pending some future developments. Essentially, it is reflections on future situations with some frame of references. (more…)
8 Unique Facts You Ought To Know About Planning
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Definitions: 1. In the words of LA Allen, “A plan is a trap laid to capture the future. If plans are good, the organisation survives and grows. Poor plans lead to its doom.” (more…)