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Save & Exit

When managers envision different "what$-$if$"$ future alternatives and develop strategic plans to address them, they are engaging in scenario planning. The process of planning scenarios can be considered a microcosm of the overarching framework of this textbook. Analysis is identifying a variety of future scenarios. Formulation is developing strategic plans to address many of those future scenarios. What is the final Implementation phase of scenario planning?

Multiple Choice

Executing a dominant strategic plan. Strategy is meaningless if it is not actionable.

Presentation of the alternative plans to senior management.

Giving feedback on the alternative plans to the original analysis team to check for coverage of their concerns.

Voting on which of the plans to recommend to senior leadership.

Choosing a dominant plan and discarding the other alternative plans to help organizational focus.