Scenario planning helps to overcome many of the shortcomings of traditional decision-making methods because: Please select all that apply.
A) It is an approach to decision-making under dynamic conditions.
B) It allows us to overcome some of the biases and imperfect reasoning of human beings.
C) The organization is more likely to make a certain decision.
D) The organization is more likely to be prepared for possible futures.

Question

Quizplus · Accepted Answer

A) Scenario planning is designed to help organizations make decisions under uncertain and dynamic conditions, which is often the case in today's fast-changing business environment.
B) Scenario planning involves identifying a range of possible future scenarios, which helps to overcome biases and imperfect reasoning by ensuring that decision-makers consider a variety of perspectives and possibilities.
C) Scenario planning does not guarantee a certain decision. In fact, it is designed to help organizations explore different possibilities and make an informed choice based on the best available information.
D) By considering a range of possible futures, scenario planning helps organizations to be better prepared for future challenges and opportunities. This can be especially valuable in industries that are subject to rapid change or disruption.

Scenario Planning Helps to Overcome Many of the Shortcomings of Traditional