By: Pamelyn Lindsey, Chris Groven, and Peter Alle
Scenario Planning is crucial to the response and recovery to changes in our environment. This has always been true and is talked about everywhere in business planning today. Leading companies are learning how to consistently implement scenario planning to sense and respond to triggers in a way that protects and promotes the business.
In this white paper, we will provide insights on how to best utilize Integrated Scenario Planning as a decision-making tool by understanding Trigger Points, Response Plans, and related Roles & Responsibilities.
We will discuss:
- How to answer the “What if, then” question by defining Scenario Trigger Points
- “Who does What When” a trigger point is reached
- The importance of reaching consensus on a plan of action in response to scenario triggers.
ISP answers the question “What If?” and enables leadership teams to consider what future events are probable and significant, what the business impact would be, how to respond to or benefit from a given situation, and how to plan the “Then” action initiated by Trigger Points.
In these times of rapid change, we will walk you through how ISP will provide executives with timely, credible information upon which to make decisions in times of uncertainty or over longer planning horizons.