In a world characterized by increasing complexity and volatility,
managers must be able to flexibly adapt their strategies to changing
environmental conditions. Traditional strategic management frameworks
often fail in this context. Therefore, we present "scenario-based
strategic planning" as a framework for strategic management in an
uncertain world.
Previous approaches to scenario planning were complex and focused on the
long term, but the approach developed by Roland Berger and the Center
for Strategy and Scenario Planning at HHL Leipzig Graduate School of
Management is different. By designing appropriate tools and integrating
scenario planning into strategic planning, we have made our approach
less complex and easier for firms to apply. We illustrate the approach
with examples from different industries.