Scenario

Having the assistance of the external advisors to create a scenario will only make that scenario to be reliable to its users. These external advisors may include people like “the customers or clients, suppliers, experts of scenario planning, external scenario consultants and analysts. External advisors ensure that everyone involved with the organisation is accounted for in the scenario planning process. They also ensure that the goal of the scenario planning process is achieved, that is to consider a range of possible alternative futures and to analyse and manipulate how the organisation will act within the setting of each and any of the different scenarios. These external advisors will verify that the information received is current, reliable,…

From the earliest times, there has been an interest to know what the future might bring. Anticipating the future is considered as a useful way to align and improve current strategies and this interest has been reflected in future studies, strategic planning, scenario thinking and planning, foresight, and futurology. There are many examples for previous foresight research at the industry level. Harty et al. (2007) provided a good review of thirteen future studies focusing on the construction…

under ground or turned to ashes but what matters is how those people lived their lives. Margaret Atwood expresses this theme in her short story “Happy Endings.” She writes six different possible scenarios in which a couple, John and Mary live through their life until either one dies. In one of the scenarios two new characters are presented, Madge and Fred, where Madge is married to John until he dies, then with Fred until he dies, and then lives as a widow. Each scenario is different in the way…

production, marking, and dealing with employees (Fairholm, 2009). For example, a well-known clothing manufacture encounters a problem when one of the production machines is not working properly and is misprinting on the clothing. Management and many other personnel involved must have a reliable, functioning, and well put together back-up plan for malfunctions with machinery. If they do not, that results in delayed shipments, unsatisfied customers, and possibly having a decrease in sales due to…

department, which gave us a chance to post pictures and GIFs on social media more often. A threat we faced was the changes that were made in dates or timings after the posters and social media posts were made. This meant that we had to edit the dates on the posters and delete the countdowns posted and social media, following with reposting it with new dates. But because of our contingency plan, this was made easier because there was a backup template in case a situation like this occurred,…

executive who developed the scenario process. His success in scenario planning enabled the Royal Dutch/Shell oil giant to anticipate both of these oil catastrophes. Why scenarios Pierre Wack agreed that straightforward forecasts may be very accurate, however he believed that is why they are dangerous. As Peter Drucker said, “The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” (Harvard Business Review,…

Atwood conveys several unique ways of alternating the stories theme. For instance, in scenario A the couple John and Mary live a happy life with no conflict nor problems and dithery live and die happily. While in scenario B-F Atwood gives us scenarios of different conflicts and tragedies that's not surprisingly happen in peoples everyday life, but you still end up with the same outcome as scenario A. This short story gave me mixed emotions about, see what is the authors purpose of writing this…

Scenario planning is the process of evaluating possible future events through the consideration of alternative plausible, though not equally likely, states of the world (Mahmoud, 2009). The use of this approach considers different scenarios for the unprecedented future and explores alternatives for management. One of the major global assessments that address scenario planning due to the impact of human activity on the environment is the Millennium Ecosystem Assessment (“MEA”). This global…

Third element is Risk Organization and Governance. This element covers how an organization structures its risk along with allocating final responsibility among certain positions in the organization in order to empower the employees with the proper understanding and significance to the risks certain departments in the organization are exposed to. Certain key employees with authority take these elements of risk management into account in order to retain, avoid or transfer possible risks. Having a…

The “best”, the “worst”, and the “ prophetic planetary” scenarios written in the SRS textbook give possible outcomes of our world’s future. These scenarios dictate the “what if’s” of life and what impact they would have on humanity. From nations repairing relationships and uniting for the common good. To total nuclear war and the destruction of humanity. But when comparing the possible outcomes one must also include a third outcome. One that take both sides of the argument and throws out the…