AFM203 Chapter Notes - Chapter 4: Scenario Planning, Project Charter, Future Foundation

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM203
• Professor: Bruce Wolff

Document Summary

Focused around a material question or issue that needs to be answered or understood. Scenario-based planning helps reinforce the concept of risk management over risk avoidance: evaluate a range of outcomes to reach an optimal balance between risk appetite and return, capital investment decisions, market strategy decisions, financing decisions, human resource decisions. Four broad types: social, economic, political, technological. Serve as an educational tool for managers by. Increasing awareness of the impact on uncertainty: allowing them to envision how their behaviour and decision-making will change under different conditions. What is raise and how does it apply to scenario planning: cpa canada"s raise philosophy, resilience, respond quickly to constant and unexpected external changes while sustaining regular business operations. Focus to what is important and enables organizations to isolate problems proactively so strategic focus and awareness are maintained: adaptive, adjust to ongoing market shifts in the competitive landscape.