Planning & Forecasting

Scenario Planning for Strategic Decision-Making, Learning, and Managing Uncertainty

Thomas Chermack, Megan Crawford, Nardia Haigh, Shardul Phadnis, Rafael Ramírez, and Paul Schoemaker


Abstract
In times of radical uncertainty marked by geopolitical conflict, technological disruptions, societal transformations, and climate risk, scenario planning is critical for strategists. In this introduction to the special issue on scenario planning, we showcase scenario planning as a dynamic, integrative approach for strengthening strategic decision-making, facilitating organizational learning, and enhancing management amidst uncertainty without trying to predict the future. We highlight what we see as the collective contributions and managerial takeaways of this special issue that underscore the relevance of scenario planning for organizations seeking adaptability, resilience and success in turbulent environments, and suggest directions for future research.

California Management Review

Published at Berkeley Haas for more than sixty years, California Management Review seeks to share knowledge that challenges convention and shows a better way of doing business.

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