Definition of Scenario planning:
Process of visualizing (1) what future conditions or events are probable, (2) what their consequences or effects would be like, and (3) how to respond to, or benefit from, them.
How to use Scenario planning in a sentence?
- The scenario planning was fruitful as we were able to determine likely directions the market would go in so then we voiced contingency theories as well.
- That night we did some scenario planning about what we wanted to see happen the next day on the field.
- While most institutions should, and do, use scenario planning as one of their strategic techniques to build their goals and ensure their longevity, some types of institutions, such as medical and military institutions, find that they can mean the difference between life and death.
Meaning of Scenario planning & Scenario planning Definition