3.6.3 Scenario Planning Flashcards
1
Q
What is scenario planning designed to explore?
A
uncertainties and how to protect business from worst consequences
2
Q
What does scenario planning help to do?
A
clarify future uncertainties and risks
3
Q
What are the 5 steps of scenario planning?
A
- identify trends
- build strategies
- plan response
- identify most likely scenario
- capitalise on scenarios
4
Q
What is a risk assessment?
A
examining what might cause harm to people to protect them
5
Q
What is succession planning?
A
identifying and developing current employees who have potential to occupy key roles in future
