Strategic Planning, Forecasting Or Alternatives Methodology And The Various Drivers Of Change

1726 Words Dec 6th, 2014 7 Pages
This essay is assigned to discuss the role of “Futures” methodologies such as Scenario planning, Forecasting or Alternatives methodology and the various drivers of change in a global perspective on tourism and hospitality business. This essay is going to discuss what has already been researched by different researchers on the topic of future tourism as well as what has been learned by these discussions. The issues that has been brought to light in regard to their knowledge used in their research on those specific topics.
The “Futures” Methodologies seeks to help people in making decisions, anticipate conditions and events that has not been fully developed so they can better respond to the ultimate outcome. The methodologies attempt to look beyond the horizon to provide understanding into future trends that can be used for strategic planning (Futures Methods, 2014).
One of the methodology used in this essay is Scenario planning. This encompasses methodical and broad-based reviews of information gleaned from research books and journal articles to identify relevant “weak signs,” and “strong indicators” early clues of trends that are just beginning to arise. Scanning methods results classically require further analysis and can provide input for other futures methods.
Forecasting methodology is an important part of futures methodologies, it helps in examining the alternative futures and identifying the most probable one. Forecasting is aimed to help decision making…

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