Choose Topic: Management
Number of Pages: 3
Question Description: QUESTION 1
Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Discuss the following topics:
• Provide a brief history of scenario planning in general.
• Describe an overview of the scenario planning process.
• Who is responsible for scenario planning within the organization?
QUESTION 2.
Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Discuss the following:
• What is the definition of scenario planning?
• Why is it important to organizations?
• How does it differ from the other methodologies for predicting future events?
QUESTION 3
Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Discuss the following:
• What is a black swan event?
• Give 2 examples of black swan events throughout history.
• Are black swan events more likely today than they were 20 years ago? Why or why not?
Answer previewScenario planning entails making various predictions, how it will be, and the factors influencing a business or change over time. Scenario planning is highly attributed to Herman Kahn during his tenure in the Rand Foundation and the 1960s foundation of the Hudson Foundation. He used scenario planning through writing stories to describe possible scenarios and their impact. The scenario planning process entails the following steps. The first step is to identify the driving forces. This includes identifying the scenario that can have an impact on the organization. For example, it can be done by using a PESTLE analysis to help identify the external factors that may drive a change. The PESTLE analysis is used to identify the external1308
