In a Typical Scenario Planning Exercise

question 79

Multiple Choice

In a typical scenario planning exercise:

• A) managers entirely depend on employee feedback.
• B) managers try to come up with alternative plans after a business model has failed.
• C) managers formulate plans based on 'what-if' situations about the future.
• D) managers do a 'postmortem' to understand what went wrong with a strategy.
• E) the corporate-level management sets targets for functional-level managers.

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Definitions:

Corporate Goals

Objectives that a company aims to achieve, which can relate to profitability, sustainability, market share, and other strategic areas.

Personal Goals

Individual objectives set by a person aiming to achieve personal growth, satisfaction, or specific milestones in their personal or professional life.

Ethical Decision-making

The procedure of scrutinizing and opting for choices in conformity with principles of ethics.

Inhumane Working Conditions

Refers to poor and unacceptable workplace environments that violate basic human rights, often entailing excessive hours, lack of safety, and abusive treatment.