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Home » Business Strategy » Scenario Planning

Scenario Planning: Triangulating an uncertain future

Source: www.cfri.co.uk
Topic: Scenario Planning

Sort Desciption: Scenario Planning: Triangulating an uncertain future PROJECT SUMMARY A forward-thinking expert at Harper Adams University College has been instrumental in developing a concept on Rural Scenario ...

Content Inside: Scenario Planning: Triangulating an uncertain future PROJECT SUMMARY A forward-thinking expert at Harper Adams University College has been instrumental in developing a concept on Rural Scenario Planning. The Royal Institution of Chartered Surveyors launched the Rural Scenario Planning project last year. Pioneered by Shell during the 1970s oil crisis, scenario planning is used when the future is very difficult to predict. It provides strategies that adapt to different future developments by identifying driving forces and uncertainty then sets alternative views of the future, against which investment decisions can be tested. Scenario Planning involves developing plausible alternatives of what might happen in the future.  For example, a large farming business might consider that environmental and economic factors will be uppermost in its future development. What should be the trade-off between peak efficiency in production and environmental enhancement? Scenario Planning can help with decisions about participation in environmental schemes, or the extent of investment in new production and storage equipment. For another farm, the trade-off between environmental and social developm ...

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