It is often used in conjunction with other strategic planning models and can be highly useful in identifying goals and issues. What is scenario planning? Scenario planning is making assumptions on what the future is going to be and how your business environment will change overtime inlight of that future. Blue Ocean Strategy: This framework emphasizes new markets and uncontested space. Click on the strategy models below to learn more. We've chosen a range of different strategic model examples so finding one that suits you should be a breeze! More precisely, Scenario planning …

Originating from and frequently used in military situations, scenario planning is essentially a future-oriented exercise whereby strategic planners envision different scenarios and then identify key operational and strategic dimensions for their organization that would require specific actions under the different scenarios. These approaches rely on historical data and assume a continuation of past business practices and environmental stability.

Gap Planning: A strategy gap is the distance between how a company is currently performing and its desired goal. However, making predictions about the future is very difficult and this is why organizations create a variety of possible future scenarios. It is a method with which organizations can form an idea of possible future scenarios and how these may affect their strategic objectives. Defining The Term Scenario Planning The process of making plans and assumptions on the future of the business and keeping in mind the changes occurring in the work environment is known to be scenario planning. Scenario Planning: A Tool for Strategic Thinking. The scenario strategic planning model is considered more of a technique then a model. Scenarios are used to develop plans for significant changes in the environment, personnel, or processes for which data are limited and uncertain. In this article, we're going to look at 3 of the most popular examples of strategic planning models. Scenario planning—a process for identifying, and rehearsing strategic options for, various possible futures—was never a luxury before, and as recent events are teaching us, never will be again. SCENARIO PLANNING.

By identifying basic trends and uncertainties, a manager can construct a series of scenarios that will help to compensate for the usual errors in decision making — overconfidence and tunnel vision. While it draws on trend analysis and forecasting, scenario planning goes beyond thinking about what the future might look like.

Model One – “Basic” Strategic Planning; Model Two – Issue-Based (or Goal-Based) Planning Gap planning … The Basic Model: Sometimes called a simple strategic planning model, the basic model involves creating a mission statement, goals, and strategies.
Scenario planning can then supplement the base case forecast with other scenarios that will further illuminate the base case. Strategic planning models exist as blueprints which we can follow when tackling the process of creating a strategic plan.

Among the many tools a manager can use for strategic planning, scenario planning stands out for its ability to capture a whole range of possibilities in rich detail.

Model Five -- Alignment Model of Strategic Planning The primary purpose of this model is to ensure strong alignment of the organization’s internal operations with achieving an overall goal, for example, to increase productivity or profitability, or to successfully integrate a new cross-functional system, such as a new computer system. Scenario Planning (SP) is a model for learning about the future in which a corporate strategy is formed by drawing a small number of scenarios, stories how the future may unfold, and how this may affect an issue that confronts the corporation.

Geopolitical forecasts can help to formulate the official future.

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