business process model recommendations example

Plans are also valuable for best-case scenarios - say a product goes viral and demand spikes 300% overnight? What if an acquisition opportunity lands unexpectedly? Are you prepared? When a worst-case event arises, scenario planning documents add tremendous value by playing out multiple outcomes and listing immediate steps to contain damage. In the context of a business, scenario planning is a way to assert control over an uncertain world by identifying assumptions about the future and determining how your organization will respond.īy building organizational awareness of what could happen, leaders may spot warning signs of brewing challenges and respond accordingly. If anything magnifies the value of scenario planning, it's a pandemic - even if most companies didn't have “economy grinds to a halt” in their modeling.

We'll look at two fictional firms, a software company and a wholesale distributor, to illustrate the planning process.

What's important is choosing a method that works for your team There are a number of templates and formalized frameworks for scenario planning, as we'll discuss.By visualizing potential risks and opportunities, businesses can become proactive versus simply reacting to events.Scenario planning helps decision-makers identify ranges of potential outcomes and impacts, evaluate responses and manage for both positive and negative possibilities.East, Nordics and Other Regions (opens in new tab)

Business process model recommendations example