Do Scenario Planning Just Like Expensive Consultants

Posted on July 31st, 2009 by admin in Quant

Scenario Planning is a process in which you ask the question “What could happen that could affect me or my organization?” and then you answer the question in detail. The answer is a set of actions you will take to either create a desired future, or respond to specified contingencies, or both.

Scenario Planning is an important component of strategic planning for any corporate or government organization that intends to prosper and succeed over time. It applies to individuals, too. Of course, it applies to investing as well.

Wired magazine published a clear, concise description of how to do Scenario Planning for yourself. The author, Peter Schwartz, is one of the pioneers in the field. He uses an example of an aerospace engineer planning for his career in quite uncertain times.

Read the Wired Magazine Article

Leave a Reply

More News