Scenario Planning

Gita Hettiaratchi | September 30, 2020

One of the side effects of easing restrictions and getting back the freedom is that business will now be expected to operate independently of government stimulus and concessions. The way we do business has changed and not likely to go back to the way it was. There is regular commentary that some businesses will not survive the next stage and will need to consider exit strategies.

Keeping calm and carrying on may not be sufficient.

Scenario planning helps when there is a need to make decisions today in preparation for what may happen tomorrow. It creates a picture for the business considering the possibilities of tomorrow and how it responds to what may take place. The tool is particularly useful in uncertain and complex times.

How do you plan to move through the next few months?

#surviveandthrive #businesssuccess #smallbusiness