Delphi technique The Delphi technique is a coordinated group interaction process used for forecasting and decision making. It is carried out by grouping remote experts into panels and using questionnaires instead of face-to-face meetings. The main idea behind the Delphi technique is to control the indirect interaction between experts and manage the tendency for expert judgement to converge as the process goes on. “In essence, Delphi is a vehicle and a method for informed consensus-building within a group with respect to a complex problem by using a series of questionnaires delivered in multiple iterations to collect data from a panel of selected participants – “panellists”.” (Fink-Hafner et al., 2019). There are no set number of members/experts that should be used to create the panel. But panels with fewer than 10 members and those with over 100 are rare. Typically, the group of participants usually number between 10 and 100 experts. Somes of the advantages of using ...
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Scenario Planning Scenario planning is a structured process that is used to develop alternate viewpoints about an organization’s potential future, by scrutinizing key uncertainties that have the potential to alter the business landscape. These scenarios are usually given in a sequence of event format by describing the proposed future in a story-like manner but one that would be relevant to the business’s managers. Scenarios are not focused on accurately foretelling the future, they are primarily concerned with changing the way of thinking and providing a series of stories which draws in the attention to areas that would not have been scrutinized. “The focus is not on forecasting the future, or fully characterizing key uncertainties in terms of probabilities, but on bounding the uncertainty range and creating frameworks for discussion.” (Schoemaker, 2016). Scenarios are more likely to be used when, uncertainty is high, when there has historically been too many bli...
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