Towards a better-informed future: How scenario-planning aids strategic decision-making

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Organizations need greater strategic foresight to successfully navigate today’s business environment characterized by great unpredictability. Applying relevant capabilities can enhance the use of formal and informal approaches to scenario planning and thus help leaders identify a range of possible futures and enrich the decision-making process as a result.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2019), "Towards a better-informed future: How scenario-planning aids strategic decision-making", Strategic Direction, Vol. 35 No. 4, pp. 31-33. https://doi.org/10.1108/SD-01-2019-0012