scenario analysis

How Do Leaders Conduct Scenario Analysis?

Leaders typically follow these steps to conduct Scenario Analysis:
Identify the focal issue: Determine the key question or challenge that the analysis aims to address.
Gather data and identify trends: Collect relevant information and understand the current trends and uncertainties.
Develop scenarios: Create a set of diverse scenarios that cover a range of possible futures.
Analyze implications: Assess how each scenario could impact the business and its goals.
Develop strategies: Formulate strategies and action plans for each scenario to ensure preparedness.

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