Asked by Freddy Orellana on Jul 17, 2024
Verified
The two main types of scenario analysis are "hard" and "soft" scenarios.
Scenario Analysis
A technique used in strategic planning to assess potential futures by considering different possible outcomes or scenarios.
Hard Scenarios
Difficult or challenging situations that require careful planning and decision-making to navigate.
Soft Scenarios
Plausible stories about how the future might unfold, often used in strategic planning to explore different potential outcomes.
- Appreciate the necessity of scenario writing and forecasting for effective strategic planning.
Verified Answer
AW
aaries woodsJul 22, 2024
Final Answer :
False
Explanation :
The two main types of scenario analysis are "quantitative" and "qualitative" scenarios, not "hard" and "soft".
Learning Objectives
- Appreciate the necessity of scenario writing and forecasting for effective strategic planning.