To read this content please select one of the options below:

Scenario-planning in strategic decision-making: requirements, benefits and inhibitors

Danielle Meyerowitz (Gordon Institute of Business Science, University of Pretoria, Johannesburg, South Africa)
Charlene Lew (Gordon Institute of Business Science, University of Pretoria, Johannesburg, South Africa)
Göran Svensson (Hoyskolen Campus Kristiania, Oslo, Norway)

Foresight

ISSN: 1463-6689

Article publication date: 22 October 2018

Issue publication date: 14 November 2018

2490

Abstract

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.

Keywords

Citation

Meyerowitz, D., Lew, C. and Svensson, G. (2018), "Scenario-planning in strategic decision-making: requirements, benefits and inhibitors", Foresight, Vol. 20 No. 6, pp. 602-621. https://doi.org/10.1108/FS-04-2018-0036

Publisher

:

Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

Related articles