23 10, 2018

3 MORE PROBLEMS WITH STRATEGIC SCENARIO ANALYSIS!

By |2018-10-29T10:19:51+00:00October 23rd, 2018|Scenario Planning|0 Comments

Business strategic scenario analysis is becoming a common task in the business. Although it is still incredibly difficult to prepare an exhaustive strategy, they do help many businesses to ask all the right questions and prepare for the unexpected. That’s where scenarios come in handy from a strategist toolbox. Strategic scenario analysis is particularly useful [...]

22 08, 2018

Functions of Scenario Analysis as Strategic Management Tool

By |2018-08-22T14:49:45+00:00August 22nd, 2018|Scenario Planning|0 Comments

Since the oil shocks of the 1970s shook the business world, scenario analysis has become an inseparable part of running a business in an unpredictable economic environment. After many organisations have seen the success achieved by large organisations with scenario planning, approximately half of the largest European and US companies now use scenario analysis to [...]

24 07, 2018

What Is Monte Carlo Analysis & Why Is It Important For A Business?

By |2018-07-24T10:41:16+00:00July 24th, 2018|Scenario Planning|0 Comments

If you are looking to introduce a higher level of strategic and risk management to your business, you need to be aware of the Monte Carlo analysis (otherwise known as Monte Carlo simulation). The Monte Carlo simulation is a risk analysis technique which is used to identify the quantitative risk level of a project or [...]

10 07, 2018

What is What-if Analysis?

By |2018-07-10T10:06:32+00:00July 10th, 2018|Scenario Planning|0 Comments

A huge part of financial planning is evaluating potential scenarios your business is going to face in the future. There is a number of ways you can do that, scenario planning, sensitivity analysis and what-if analysis. What is what-if analysis? What-if analysis has many names in financial modeling world – some refer to it as [...]

14 06, 2018

Scenario Planning Techniques

By |2018-07-12T15:53:07+00:00June 14th, 2018|Scenario Planning|0 Comments

Future always comes with a degree of uncertainty, especially in this time of political turmoil. How can you build a plan for your company if you are uncertain about the future? Scenario planning was first developed by Royal Dutch/Shell to understand and prepare for an alternative version of the future including the first oil price [...]

14 06, 2018

What is Scenario Planning?

By |2018-07-10T12:29:32+00:00June 14th, 2018|Scenario Planning|0 Comments

Businesses are facing significant shortfalls by reacting rather than responding. Forecasts are often worthless and many just end up dealing with issues made by static assumptions months ahead of time. In this unpredictable business landscape finance managers need to accurately predict the future, those who don’t end up facing significant difficulty to operate, plan and [...]

14 06, 2018

Scenario Planning Pitfalls

By |2018-07-13T12:27:22+00:00June 14th, 2018|Scenario Planning|0 Comments

Scenario planning is a great forecasting and financial planning feature, that enables businesses to evaluate a variety of possibilities in rich details. Using trends and uncertainties your business might face you can plan to accommodate your business growth and resource allocation to improve your business decision making and development. Scenario planning simply means creating a [...]

14 06, 2018

What is Financial Sensitivity Analysis?

By |2018-07-13T10:33:49+00:00June 14th, 2018|Scenario Planning|0 Comments

In our last article, we discussed the different forecasting techniques that one could adapt to their business and help with financial planning. Investors and banks look for businesses that can sustain risk and can produce accurate data to represent their future, therefore it is important to create in-depth forecasts and financial plans that take all sorts of [...]

13 06, 2018

How to use scenario planning for your business?

By |2018-08-09T10:46:11+00:00June 13th, 2018|Scenario Planning|0 Comments

Building a strategic plan for your business might not be your priority, however, working with a plan will focus your efforts and help your team lead the business in a single direction. A strategic plan will require you to define your business goals and enable you to achieve them. Business scenario planning captures a whole [...]

13 06, 2018

What is threatcasting?

By |2018-07-19T13:26:06+00:00June 13th, 2018|Scenario Planning|0 Comments

Threatcasting has recently been in a spotlight because of “A Widening Attack Plain” by Brian David Johnson, which looks at the world as it will exist in 2026 with regard to cyber threats.  Threatcasting in this instance is being used to anticipate and prepare for the next likely domestic attack and either prevent it or [...]