Asked by Angelica Golebiewski on Jul 08, 2024
Verified
What type of analysis has been called "no surprise" strategic planning?
A) Rational
B) Trend
C) Market
D) Scenario
E) Economic
Scenario Analysis
A process of analyzing possible future events by considering alternative possible outcomes or scenarios.
Strategic Planning
Strategic planning involves determining the course an organization will take and deciding how to allocate resources, such as money and personnel, to follow that path.
- Acquire knowledge on the concept and practices of scenario analysis in addition to its significance in the strategic planning process.
Verified Answer
TF
TheCaliforniassDreamers FamilyJul 13, 2024
Final Answer :
D
Explanation :
Scenario analysis is often referred to as "no surprise" strategic planning because it involves creating and analyzing various potential future scenarios to prepare for and mitigate any surprises that might arise.
Learning Objectives
- Acquire knowledge on the concept and practices of scenario analysis in addition to its significance in the strategic planning process.
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