Understanding the Scenario Analysis in Negotiations

Description

This Skill Bit shows that scenario analysis is a strategic process evaluating potential future impacts on a business. Steps involve identifying key uncertainties, crafting plausible scenarios, analyzing likelihood and impact, devising response strategies, and continuous monitoring. By foreseeing diverse outcomes and preparing tailored responses, organizations bolster resilience, mitigate risks, and enhance adaptability in dynamic environments.

Duration approx. 4 Min.

Tier: basics