Scenario management: an approach to develop future potentials

Article Abstract:

Scenario management is an effective approach in dealing with multiple futures and to create scenarios that are modified according to an enterprise. Moreover, scenario management can enable enterprises to deal with growing uncertainties and secure their competitiveness by identifying and developing future success potentials. Scenario management can also be used to develop business or corporate strategies and other similar elements such as core competencies and mission statements.

Management Skills NEC, Models, Management, Business planning, Management techniques, Strategic planning (Business)

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Wrong is beautiful!

Article Abstract:

The importance of the forecasting process lies not only in correctly determining the course of future events. While an accurate prediction can be most satisfying to the originator of a forecast, the process plays a more important role in creating a society that is capable of endless innovation and change. This function of foresight, which will result in the forecast being wrong because of the corrective action taken by society, is more important than being proven correct.

Analysis, Forecasting, Social prediction

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