Scenario Based Strategic Planning

Download or read book Scenario-based Strategic Planning written by Burkhard Schwenker and published by Springer Science & Business Media. This book was released on 2013-12-05 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world characterized by increasing complexity and volatility, managers must be able to flexibly adapt their strategies to changing environmental conditions. Traditional strategic management frameworks often fail in this context. Therefore, we present "scenario-based strategic planning" as a framework for strategic management in an uncertain world. Previous approaches to scenario planning were complex and focused on the long term, but the approach developed by Roland Berger and the Center for Strategy and Scenario Planning at HHL Leipzig Graduate School of Management is different. By designing appropriate tools and integrating scenario planning into strategic planning, we have made our approach less complex and easier for firms to apply. We illustrate the approach with examples from different industries.