The Brief Scenario planning is a structured way to consider and…The Brief Scenario planning is a structured way to consider and anticipate the future. In broad terms, scenario planning involves determining and visualizing probable future conditions or events, their likely consequences or effects, and how to respond to, or benefit from them. Therefore, scenario planning about what ‘might’ happen in the future, rather than what will happen – essentially, a road map from the present to the future. There are several important benefits of scenario planning, including thinking creatively and forward-looking, as well as questioning assumptions about the future and the drivers and forces that influence a specific sector of activity.The aim of this assignment is to assess your ability to apply the scenario planning framework to an emerging trend. Trend selected: Employee diversity gives Lenovo a competitive advantage Apply the scenario planning framework to the selected trend using the below nine stagesDetermining the questionContextualizationExternal drivers +the global economic environment+changes in government regulation+demographic shiftsRanking and rangingNaming and framingLogic and narrativeDistillation and dialogueValidation and refinementInterpretation and implementationFor example, the first stage is ‘Determining the Question’, the framing of which is critical to the integrity and accuracy of the scenario. Here, you should follow a ‘what if’ approach to keep your scenario plan focused and reflective of the core question being asked. For each of the external drivers mentioned in stage 3, you need to analyze them thoroughly. Engineering & TechnologyIndustrial EngineeringOperations Management BUSINESS INS2019
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