What does the term 'what-if scenario' refer to in problem-solving?

The term 'what-if scenario' refers to blue sky thinking that explores possible outcomes. This approach involves envisioning various situations or possibilities by altering variables to see potential results or consequences. It encourages creativity and open-mindedness, allowing individuals or teams to analyze different paths that could be taken in problem-solving scenarios. By considering various 'what-if' possibilities, decision-makers can better prepare for unforeseen challenges or take advantage of opportunities, as they have visualized multiple outcomes based on changing circumstances. This method is particularly useful in strategic planning and risk assessment, where anticipating potential scenarios can significantly influence informed decision-making.