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In an uncertain world, change is the only constant. Rather than simply react to change, we must anticipate it and prepare accordingly. This is especially crucial for Singapore – a small nation especially vulnerable to global trends and developments.
Scenario planning is a systematic way of thinking about the future and planning for possible changes. While traditional forecasting methods fail to capture the complexity of an inherently uncertain future, scenario planning helps to spur discussion on the challenges and opportunities ahead of us. Scenario planning can help organisations understand their external environment more thoroughly, plan for uncertainties more effectively, and be alert to shifts in trends. |
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