Search results
Results From The WOW.Com Content Network
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.
Pierre Wack (1922–1997) was a French oil executive who was the first to develop the use of scenario planning in the private sector, at Royal Dutch Shell’s London headquarters in the 1970s. So successful was he that the Anglo-Dutch oil giant was able to anticipate not just one Arab-induced oil shock during that decade, but two.
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;
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.
Scenarios are one of the most popular and persuasive methods used in the Futurology. Government planners, corporate strategists and military analysts use them in order to aid decision-making. The term scenario was introduced into planning and decision-making by Herman Kahn in connection with military and strategic studies done by RAND in the 1950s.
Peter Schwartz in 2022. Peter Schwartz (/ ʃ w ɔːr t s / SHWORTS; born 1946) is an American business executive, futurist, author, and co-founder of the Global Business Network (GBN), a corporate strategy firm, specializing in future-think and scenario planning.
Global Business Network (GBN) was a consulting firm which gave scenario planning advice to businesses, non-profits, and governments. [1]Originally an independent firm, GBN became part of the Monitor Group in 2000, which was in turn acquired by Deloitte.
Strategic assumptions surface and are usually identified when scenario planning is undertaken during a strategic planning process. The strategic assumptions surfacing and testing method ( SAST ) is one rigorous method of identifying strategic assumptions.