Incorporating Stakeholder Values and Facilitating Critique of Scenario Storylines
George Wright and
George Cairns
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George Wright: Durham Business School
George Cairns: RMIT University
Chapter Chapter 3 in Scenario Thinking, 2011, pp 47-63 from Palgrave Macmillan
Abstract:
Abstract As we have seen, scenarios are conventionally constructed using three sources of input from the minds of the scenario team: views on the pre-determined elements of the future (such as the proportion of the population that will be in the age band 65 years+ over the next, say, 20 years); views on the critical uncertainties in the future — whose resolution, one way or the other, will have a large impact; and the actions of stakeholders, customers, regulators, competitors, and so on, as they react to unfolding events, in order to preserve and enhance their own interests. These inputs are then combined in a recipe-like fashion to construct four scenarios.
Keywords: House Price; Global Financial Crisis; Stakeholder Analysis; Scenario Construction; Availability Bias (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30689-9_3
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DOI: 10.1057/9780230306899_3
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