Once you have created your matrix you can look at forecasting for each scenario.
Whilst there are benefits to scenario planning and forecasting, there are no guarantees that if a situation happens your business will react in the exact way that you planned. Also how many businesses would have planned for a global pandemic at the beginning of this year? You cannot plan for every eventuality, all you can do is make sure that you are doing your job to the best of your ability and that your processes are as efficient and adaptable as possible. Then when the unexpected happens, your business is in the best place to face the threat at that time. The key is maintaining positivity and adaptability throughout your organisation.
We can help with scenario planning, forecasting and assist in your business’ general strategy. We are here to support your business, if you have any concerns please call us or email Mark or Andrew.
The content in this blog is correct as at 12/08/2020. See terms and conditions.