Scenario planning Flashcards
In the oxford scenario planning aproach you assign probabilities to different scenarios
False, you just list the ones that are plausible and brainstorm how to cope with them.
What is the difference between the contextual environment and the transactional environment in scenario planning
Contextual the firm has no controle and cannot effect f.ex the climate, thechnology, demographics, exchange rate, legislation and so on. The transactional environment you can interact with so for instance lobbying groups, investors, ngos employees, regulators etc
Strategy is about interaction with transactional environment
True
How did the scenario plnning process at royce royce look
Participants read up on relevant topics, they then discussussed how the world would look in the future and coelessed in three different scenarios. Then future investments were evalued on how they would fair in theose plausible futures
The key to scenario planning is to involve multiple perspectives
True
