In a rapidly changing environment, businesses that are able to anticipate and quickly react to threats and opportunities are likely to be more resilient and successful.
The implications of the COVID-19 pandemic for economies around the world are starting to become clear, and as businesses move on from their initial fire-fighting period, attention should be starting to turn to how they can survive and then emerge from the crisis to thrive. They should be looking at how they can best leverage high-quality market intelligence and analytics to inform future strategy and decision-making.
Grant Thornton’s scenario planning framework takes a step-by-step approach to helping businesses build this much-needed resilience:
For many businesses, the current downturn in economic activity means scenario planning is more critical than ever.
A successful scenario planning exercise is not just about identifying threats and new ventures: it also provides practical solutions that allow businesses to mitigate risks, or ensure they are in the right shape to take advantage of those opportunities the moment they emerge.
By working with Grant Thornton’s advisors, businesses can draw on expert guidance and cross-industry insight in areas ranging from cash flow management and debt restructuring to regulatory compliance and operational agility.
For more information please on scenario planning speak to your local Grant Thornton advisor.
