scenario-planning

Vocabulary Word

Definition

'Scenario-planning' is when businesses make plans for a variety of possible future situations. Much like preparing for different weather forecasts by having an umbrella, raincoat, or sunscreen, so you're ready for anything.

Examples in Different Contexts

In environmental policy, 'scenario planning' involves creating multiple future scenarios to inform policy decisions regarding climate change, conservation, and sustainability efforts. An environmental scientist might explain, 'Through scenario planning, we can anticipate the effects of various policy choices on environmental outcomes and societal impacts.'

Practice Scenarios

Impact

Scenario:

This community solar project will significantly change the landscape. Have we considered all the potential implications?

Response:

We should engage in scenario-planning to predict and prepare for the solar project's possible effects on the local community and wildlife.

Business

Scenario:

Our company's revenue heavily relies on seasonal trends. How can we ensure smooth operations throughout the year?

Response:

Let's conduct scenario-planning for different seasonal trends to ensure uninterrupted operations throughout the year.