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Scenario planning differs from contingency planning, sensitivity analysis and computer simulations. [33] Contingency planning is a "What if" tool, that only takes into account one uncertainty. However, scenario planning considers combinations of uncertainties in each scenario.
Scenario planning, which was originally used in the military and recently used by large corporations to analyze future scenarios. Porter five forces analysis , which addresses industry attractiveness and rivalry through the bargaining power of buyers and suppliers and the threat of substitute products and new market entrants;
The Three Horizons framework. Three Horizons (or 3H) is a framework and method for futures studies and practice, created by Anthony Hodgson, Andrew Curry, Graham Leicester, Bill Sharpe, Andrew Lyon and Ioan Fazey. [1] It presents a picture of change in a given system as an interplay of three horizons. [1]
Futurists use scenarios to map alternative possible futures. Scenario planning is a structured examination of a variety of hypothetical futures. In the 21st century alternative possible future planning has been a powerful tool for understanding social-ecological systems because the future is uncertain.
There are many analytical frameworks which attempt to organize the strategic planning process. Examples of frameworks that address the four elements described above include: External environment: PEST analysis or STEEP analysis is a framework used to examine the remote external environmental factors that can affect the organization, such as ...
[4] [5] Jonathan Rosenhead and colleagues were among the first to lay out a systematic decision framework for robust decisions, in their 1989 book Rational Analysis for a Problematic World. [6] Similar themes have emerged from the literatures on scenario planning, robust control, imprecise probability, and info-gap decision theory and methods.