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What is the main intention of firms when they use scenario planning?

What is the main intention of firms when they use scenario planning?

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Answer- Meaning of scenario planning- Scenario planning is making assumptions on what the future is going to be and how your business environment will change overtime inlight of that future.

The main intention of scenario planning is to define your crucial uncertainties and develop plausible scenario in order to discuss the impacts and the responses to give for each one of then. If firms are aware of what could happen in future, firms are more likely to deal with what will happen.

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