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Preferred term

scenario planning  

Definition

  • Scenario planning (SP) is a process within the strategic management of resources that combines the creation of stories or images of plausible futures with the practical strategic and policy means of providing for them. Strategy is concerned with harmonizing supply-side resources with the present and future characteristics of demand-side terrain. [Source: International Encyclopedia of Organization Studies; Scenario Planning]

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https://concepts.sagepub.com/social-science/concept/scenario_planning

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