Strategic Planning and Scenario Analysis

What is the primary purpose of scenario planning as described in the text?

• To predict the exact future

• To prepare for multiple possible futures

• To eliminate all risks

• To focus solely on current trends

According to the text, what is one of the scenarios considered by Royal Dutch Shell?

• A rapid shift to coal energy

• A gradual shift from carbon fuels to renewable energy

• An increase in nuclear energy usage

• A decrease in technological advancements

How does scenario planning benefit organizations, based on the text?

• It ensures immediate profit

• It allows organizations to think creatively and anticipate changes

• It guarantees success in all ventures

• It focuses only on past data

What is the current strategy of Shell as mentioned in the text?

• To invest solely in carbon-based fuels

• To hedge bets by investing in new energy technologies

• To abandon all traditional energy sources

• To focus only on short-term profits

What is the purpose of a SWOT analysis in the strategic planning process?

• To draft action plans

• To formulate strategies

• To implement plans

• To review progress

What is a key characteristic of a customer-oriented mission statement?

• Focuses on the attributes of the products

• Emphasizes the needs the organization is satisfying

• Describes the technical specifications of products

• Lists the services the organization is producing

In the strategic planning process, what follows after drafting action plans?

• Implementing the plans

• Conducting a SWOT analysis

• Reviewing progress against the plan

• Setting mission, vision, values, and goals