The two main types of scenario analysis are "hard" and "soft" scenarios.

Scenario Analysis

A technique used in strategic planning to assess potential futures by considering different possible outcomes or scenarios.

Hard Scenarios

Difficult or challenging situations that require careful planning and decision-making to navigate.

Soft Scenarios

Plausible stories about how the future might unfold, often used in strategic planning to explore different potential outcomes.

Appreciate the necessity of scenario writing and forecasting for effective strategic planning.

Verified Answer

Final Answer :

False

Explanation :

The two main types of scenario analysis are "quantitative" and "qualitative" scenarios, not "hard" and "soft".

Learning Objectives

Appreciate the necessity of scenario writing and forecasting for effective strategic planning.