Strategic future scenarios and trend forecasting. Trend forecasting can be used successfully for the short term while scenario planning is the advisable option for understanding longer-term futures.
Strategic Scenarios of the future operating environment in South Africa
- provide insights allowing decision-makers to interact with future possibilities
- indicate parameters to be monitored
- broadly assess the limits of future risk
In order to do this, a wide range of different factors and their interaction have to be taken into consideration i.e.
- the economy
- socio-economic conditions
- population demographics
- politics and policy
- administration and policy implementation
- The impact of technology
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