When managers envision different "what-if" future alternatives and develop strategic plans to address them, they are engaging in scenario planning. The process of planning scenarios can be considered a microcosm of the overarching framework of this textbook. Analysis is identifying a variety of future scenarios. Formulation is developing strategic plans to address many of those future scenarios. What is the final Implementation phase of scenario planning?

The correct answer is letter "C": Executing a dominant strategic plan. Strategy is meaningless if it is not actionable.

Explanation:

Project planning have different steps and can be performed in different ways. The main purpose of project planning is having on hand a group of ideas to conduct the business through new paths or to change certain aspects of its operations to improve efficiency.

Plans should not be left only as such. The final stage in planning requires executing the idea that is most likely to be successful. Besides, monitoring is important to determine the progress of that idea and if there are aspects of the plan that must be adjusted.

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