Transforming Science

             This document will discuss how scenario planning impacted the newspaper industry and some of the driving forces that caused many newspaper companies filed bankruptcy. Some newspaper companies have implemented layoffs and restructuring due to the breakthrough of the Internet that changes the landscape of news and information delivery. Scenario planning instigated from the summit meeting that was organized by World Association of Newspaper and News Publication (WAN-NP) resulted in the identification and prioritization of issues within the industry (Wade, 2014).  The visual diagram of the eight-steps of scenario planning process is presented to serve as an illustration of the methodical process (Ogilvy, 2015, January). The impact of scenario planning of the newspaper industry is the manifestation of its values and necessity for sustainability. The strategy applied in the implementation of scenario planning has reclaimed the global and...

https://www.forbes.com/sites/stratfor/2015/01/08/scenario-planning-and-strategic-forecasting/#5200356411a3                    Scenario planning is a selection of future scenarios that go beyond budgeting and routine strategic planning which is based on the current and last business reports. Scenario planning is a tool used to probe the future by using several scenarios from good, bad, better, and worst scenarios with a specific objective. Scenario planning is a prediction of the future by using the current data available and trends in the industry. Several narratives with the maximum of five but not less than two are developed in conjunction with the selected set of scenarios. Based on strategic plans, each scenario will cover details to be used in the evaluation of success and failure of the scenario.  The set of scenarios is intended to support a specific objective and answer some questions presented to address, “what if” analy...