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.

The final stage is execution of the strategic plan that has flexibility for changes and is the best option because the risk associated with the investment would be well managed.

The final stage of any plan is always execution of the plan and the plan must be best for the variables that might affect the company progress. So the scenario planning enables managers to see whether the strategic plan considers all possible outcomes or not.

The best option for execution of strategic plan is going with safeguards and the best strategy is the one with more options ahead.