By Pamelyn Lindsey, CSCP, Oliver Wight Principal
This blog is part of a learning series on Scenario Planning. Please check out our other pieces on this topic: white paper and webinar.
There is a tendency to think of business plans as being cast in stone. It can be uncomfortable when things happen that threaten the plan, even on the upside.
Best practice Integrated Business Planning (IBP) includes a review of assumptions and, when needed, scenario planning. Wise business leaders think in terms of the current reality, alternatives, best-case and worst-case scenarios.