Scenario analysis can help managers to break away from their existing view of the world and envision alternatives that might lie outside their traditional frame of reference.

Question

Quizplus · Accepted Answer

Scenario analysis is a strategic planning tool that allows managers to consider a range of possible future outcomes and their potential impact on the organization. By exploring different scenarios, managers can challenge their assumptions and develop a more comprehensive understanding of the opportunities and threats facing their business. This can help them to identify new strategies and actions that will position the organization for success in a rapidly changing environment.

Scenario Analysis Can Help Managers to Break Away from Their