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Why businesses use scenario planning

Why businesses use scenario planning

Flow chart showing scenario planning steps beside a 5 by 5 risk matrix plotting flooding, IT systems failure, and loss of operations director

Scenario planning prepares a business for several plausible future situations instead of relying on one forecast. Managers ask "what if?" questions about events such as flooding, IT failure, or the sudden loss of key staff.

Scenario planning Lesson

  1. A Level
  2. /Business
  3. /Scenario planning

Step-by-step lessons on Edexcel A Level Business Scenario planning. Each one builds up to exam-style questions. Build up your knowledge of the core business functions first, then focus revision time on the strategy and evaluation-heavy topics, since these carry the most marks.

Lessons