July 6, 2020 – Reading time: 1 minute
In times of great uncertainty such as the current crisis, linear business planning is not enough to remain capable of action. Entrepreneurs need to make fast, appropriate and practical decisions that will significantly influence the future of a company.
Scenario-based approaches can help to quickly gain an overview of the situation and thus make informed decisions. Not only can supplier and demand shortfalls, production and liquidity bottlenecks be avoided, but short-term opportunities can be identified and seized.
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