In this video, we will discuss what is scenario planning and what are its first three steps Identify and construct a question, Examine the space and Identify the trend. Scenario planning is an essential capability to position your business and carry out business developments. In today's world, an example would be technological development. We see trends of businesses incorporating technologies in their work and services and that can lead to changes in business models, human resources, organisational structures and the supply chain. Therefore, scenario planning is of great importance in the business world. Hope you find this video interesting!

Credit to Professor Ethan Mollick of Innovation and Entrepreneurship at Wharton School.

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