How does scenario modeling aid in decision-making? 🔊
Scenario modeling aids in decision-making by allowing organizations to simulate different potential futures based on various assumptions. This technique helps in understanding the implications of various factors such as market fluctuations or policy changes. By visualizing how these scenarios may unfold, organizations can better prepare and strategize responses to different outcomes. Scenario modeling enhances the clarity of possible risks and opportunities, enabling stakeholders to make more informed decisions that align with their goals and resources.
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