Scenario-planning in strategic decision-making : requirements, benefits and inhibitors
Purpose: The purpose of this paper is to explore the corporate requirements, benefits and inhibitors of scenario planning in strategic decision-making. Design/methodology/approach: This paper is based on a sample of 15 case studies with executives in the South African context to reveal the perceived corporate requirements, benefits and inhibitors of scenario-planning. Findings: From the cases, it is evident that industry-, organizational- and leadership-related factors enable or inhibit scenario planning. Requirements, benefits and inhibitors are revealed in strategic decision-making. Research limitations/implications: Further research to determine supportive tools and technologies for enabling scenario-planning across multiple contexts is needed. Practical implications: This paper expands insights into the requirements, benefits and inhibitors of scenario-planning in strategic decision-making. Originality/value: Given the increasing complexity of the business environment, a framework of scenario-thinking is presented and recommend greater emphasis on developing strategic decision-making competence, changed mindsets and organizational agility.
Year of publication: |
2018
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Authors: | Meyerowitz, Danielle ; Lew, Charlene ; Svensson, Göran |
Published in: |
foresight. - Emerald, ISSN 1463-6689, ZDB-ID 2028451-2. - Vol. 20.2018, 6 (22.10.), p. 602-621
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Publisher: |
Emerald |
Saved in:
Online Resource
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