Scenario Planning- dealing with uncertainties (i.e.Covid-19)
• Define the multiple potential scenarios • Revenue drop by X%
Assumptions
• Clearly define your Trigger Points • e.g. Travel Restrictions announced/ Flights from largest market stopped •OTB drop to X level.
Trigger Point
• Daily Tracking • Consistent Reporting
Tracking
•What actions will be taken ? •Who is responsible ?
Action
• Action have been implemented and are getting the desired results
Review
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