Creativity Software: Alternative Factors 2

CreativitySoftware, Alternative Factors (Creativity, Innovation): Scenarios are qualitatively different descriptions of plausible futures. They can give you a deeper understanding of potential environments in which you might have to operate and what you may need to do in the present. Scenario analysis helps you to identify what environmental factors to monitor over time, so that when the environment shifts, you can recognize where it may be headed. Thinking through scenarios, while it may seem an exercise in speculation to some, is a less risky, more conservative approach to planning than relying on standard business forecasts and trend analyses. The latter have their place, but often do not employ sufficient imagination to discover how circumstances will change. Good scenario thinking helps management to take more innovative actions, and prevent undesirable outcomes. Scenarios can explore general alternative futures and specific problems or strategies. To develop Alternative Factors Scenarios (AFS) [see element(s)]: