Scenario planning is making assumptions on what the future is going to be and how your business environment will change overtime in light of that future. More precisely, Scenario planning is identifying a specific set of uncertainties, different "realities" of what might happen in the future of your business.
What are your views on the following questions:
1. What is scenario planning in strategic management?
2. What are the steps in scenario planning process?
3. Provide an example of scenario planning based on you experience or other experience.
