Strategic scenario and organizational success

Document Type:Research Paper

Subject Area:Management

Document 1

It uses the history of the organization to project the future plans. When planning through strategic scenario, agencies assume that the past has a significant role to play in determining its future. It further assumes that the business practice is in eternal nature, and its success depends on linking of the continuous business processes. Environmental stability is also a key factor that cannot be overlooked when talking about strategic scenario of an organization (Nutt & Paul, 2014, pp13-18). A successful strategic scenario process is healthy for a business because it creates the scope of work for the individual firms (Mitchell, Donald, and Carol Coles, 2014). The examination of the scenario is guided by the firm’s current strategy which will define whether the firm can survive through the strategy or not.

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The second-way organizations can respond to the scenarios is by diverting the strategy of the business and function from a new business line. In this case, the firm shall institute the future state that it admires to acquire and work towards achieving it. They must ensure that they put all the resources together to work them in harmony towards meeting the desired point. Generally, the main purpose of scenario planning is to establish how best a business can respond to the changes in the business world, considering that the business environment is dynamic (Schnaars, Steven, and Paschalina Ziamou, 2016 pp30). Works cited 1) Epstein, Jeffery H. "Scenario Planning: An Introduction. " The Futurist 32, no. 2) Gupta, M. , L. 4) Mitchell, Donald, and Carol Coles. "Establishing a Continuing Business Model Innovation Process.

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