Asked by Shanti Jones on Jul 16, 2024
Verified
Royal Dutch/Shell uses scenario planning to explore what the company would do if and when its oil supplies run out. For Royal Dutch/Shell, the benefits of scenario planning include which of the following?
A) It helps the organisation operate more flexibly in a dynamic environment.
B) It conditions the company's executives to think.
C) It enables the company to be better prepared than competitors for future shocks.
D) None of the options listed
E) All of the options listed
Scenario Planning
A strategic planning method that organizations use to envision and develop strategies for multiple future scenarios.
Dynamic Environment
A situation or setting that is constantly changing and requires organizations or individuals to adapt quickly to new challenges and opportunities.
Royal Dutch/Shell
A global group of energy and petrochemical companies, known for its exploration, production, refining, and marketing of oil and natural gas.
- Acquire knowledge of the positive aspects and implementation strategies of scenario planning, including its impact on enhancing organizational flexibility and readiness.
Verified Answer
Learning Objectives
- Acquire knowledge of the positive aspects and implementation strategies of scenario planning, including its impact on enhancing organizational flexibility and readiness.
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