Book description
Anecdotal evidence suggests that considering various scenarios helps strengthen decision making. To test this idea, researchers offered a scenario-based workshop to executives to see how considering scenarios affected decisions. They found that though participants’ confidence in their choices never wavered, the strategic choices they made before the exercise often changed dramatically after viewing the scenarios, with a tendency to become more flexible and focused on long-term value.Table of contents
Product information
- Title: How Scenario Planning Influences Strategic Decisions
- Author(s):
- Release date: July 2016
- Publisher(s): MIT Sloan Management Review
- ISBN: 53863MIT57419
You might also like
book
Scenario Planning in Organizations
Scenario planning helps organization leaders, executives and decision-makers envision and develop strategies for multiple possible futures …
book
Think to Win: Unleashing the Power of Strategic Thinking
The proven plan for making strategic thinking part of any organization’s DNA to drive sustainable growth …
book
Strategic Intelligence Management
Strategic Intelligence Management introduces both academic researchers and law enforcement professionals to contemporary issues of national …
book
Transformative Scenario Planning
Getting Unstuck People who are trying to solve tough economic, social, and environmental problems often find …
