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Strategic Management Policy

Portland State University

2022

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Full-Text Articles in Business

Scenario Acceleration Through Automated Modelling: A Method And System For Creating Traceable Quantitative Future Scenarios Based On Fcm System Modeling And Natural Language Processing, Christopher W.H. Davis Jun 2022

Scenario Acceleration Through Automated Modelling: A Method And System For Creating Traceable Quantitative Future Scenarios Based On Fcm System Modeling And Natural Language Processing, Christopher W.H. Davis

Dissertations and Theses

Scenario planning is used extensively in strategic planning because it helps leaders broaden their perspectives and make better decisions by presenting possible futures in story form. Some of the benefits of using scenarios include breaking away from groupthink, creating better products, acceleration of organization learning and reducing bias. Product development teams, particularly for digital products, are gaining more autonomy in organizations and tend to manage risk by undergoing very short development iterations on their products while leaning on their consumers for feedback -- a process known as agile development. This method tends to limit the perspective of the team and …