Scenario planning has become a vital tool for businesses navigating uncertain times. This approach involves creating multiple financial models based on various potential future scenarios. By doing so, companies can prepare for a range of outcomes, allowing them to make informed decisions even when the future is unclear. For instance, organizations should develop dynamic, driver-based forecasting models that can quickly adapt to changing circumstances. This flexibility is key to maintaining resilience in the face of unexpected challenges (MHR) (OneStream Software).