What would you like to do?

What are the Pros and cons of scenario planning?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Firstly, it is again important to note that 'foresight' concepts differ from
'forecasting'. In the past, attempts were often made to predict (forecast) the future as
accurately as possible. However, different developments in related fields should
leave open several possible developments . The strength of
scenarios is that they do not describe just one future, but that several realisable or desirable futures are placed side by side (multiple futures).
• Secondly, scenarios open up the mind to hitherto unimaginable possibilities and challenge long-held internal beliefs of an organisation; moreover, the use of scenarios can change the corporate culture, compelling its managers to rethink radically the hypotheses on which they have grounded their strategy.
• Thirdly, scenarios are an appropriate way to recognise 'weak signals', technological discontinuities or disruptive events and include them into long-range planning; as a consequence, the organisation is better prepared to handle new situations as they arise and to promote proactive leadership initiatives.
• Fourthly, one function of scenarios beyond the planning aspect is improving
communication: scenarios can lead to the creation of a common language for dealing with strategic issues by opening a strategic conversation within an organisation;
• Fifthly, another function beyond the planning aspect is the coordinating function: during the scenario process the aims, opportunities, risks, and strategies are shared between the participants which supports the coordination and implementation of actions. In fact, the organisational learning and the decision making process is improved.
• Sixthly, the large number of different scenario techniques points out that the ways of building a scenario are very flexible and can be adjusted to the specific task/ situation.


The practice of scenario is very time-consuming. Therefore, there could be a wish to condense scenario building to a half-day or one day activity. However, this may not give participants enough time.
• A more qualitative approach has to put a strong emphasis on the selection of suitable participants/ experts, and in practice this could not be an easy task to fulfil. • Further, it should not be overlooked that a deep understanding and knowledge of the field under investigation is absolutely necessary. Data and information from different sources have to be collected and interpreted which makes scenario building even more time-consuming.
• It could be difficult not to focus on black and white scenarios or the most likely scenario (wishful thinking) during the scenario-building process.

1 person found this useful
Thanks for the feedback!

What are pros and cons?

"Pros" are the primary positive aspects of an idea, process, or thing; "Cons" are the primary negative aspects. The term "Pros and Cons" means both the primary positive and

What is Scenario planning?

  Scenario planning is the process of constructing alternate futures of a business' external environment. The goal is to learn to use these alternative futures to test the

What are the pros and cons of the New Jersey Plan?

  Well to start, it sort of followed the basic rules of the Articles of Confederation. Since the legislature wanted something new, stronger, and more balanced, most people

What are the pros and cons of the Virginia plan?

The Virginia Plan was more of a "large states plan." the key issue  was Resolve two, which states that Legislature should have two  branches, the House of Representatives an

What are the pros and cons of a Medicare advantage plan?

A Medicare Advantage Plan basically replaces your use of Traditional Medicare. You still must pay your Medicare Part B premium that is automatically deducted from your Social

What are the pros and cons of the stimulus plan?

for a stimulus plan to me it means a financial bailout or a type of insurance to keep your economy afloat. It depends on what the stimulus plan is used for to determine the pr

What were pros and cons of stalin's 5 year plans?

Pros: Rapid industrialization of the Soviet Union. Cons: People died for productivity. In essence, people died in steel factories, others were banished to siberia by the commu

Should family planning be introduced in schools give the pros and con of such an argument?

I'll try to give you both sides to this arguement, but I am in favor of family planning, so there may be a bias that way. Family planning should be used in schools because it

What are the pros and cons of a medigap plan?

Pros of a Medigap Plan would be very flexible with traveling, no referrals needed to see specialists, some plans like Plan F covers all the gaps original medicare does not cov
In Health

What are some pros and cons of a national healthcare plan?

PROS: Everyone can be treated when they're sick and not have to worry about getting turned away because they can't afford it. Everyone can feel safe. CONS: Everyone has to pay

What are the pros and cons of traditional centrally-planned and free market economic systems?

Traditional: Pros: Family support and communal division of resources Cons: No individuality and dependence upon nature Free Market: Pros: Free enterprise and more diversity Co