title: Scenario analysis and strategic planning: practical applications for radiology practices.
abstract: Modern business science has many tools that can be of great value to radiologists and their practices. One of the most important and underused is long-term planning. Part of the problem has been the pace of change. Making a 5-year plan makes sense only if your develop robust scenarios of possible future conditions you will face. Scenario analysis is one of many highly regarded tools that can improve your predictive capability. However, as with many tools, it pays to have some training and to get practical tips on how to improve their value. It also helps to learn from other people's mistakes rather than your own. The authors discuss both theoretical and practical issues in using scenario analysis to improve your planning process. They discuss actionable ways this set of tools can be applied in a group meeting or retreat.
authors.affiliation: Wharton School, University of Pennsylvania, Wynnewood, Pennsylvania, USA. lexa@wharton.upenn.edu
authors.forename: Frank James
authors.initials: FJ
authors.lastname: Lexa
authors.forename: Stephen
authors.initials: S
authors.lastname: Chan
mesh_terms: D003659:Decision Making, Organizational; D006801:Humans; D010934:Planning Techniques; D010818:Practice Patterns, Physicians'; D011871:Radiology