A Skeptical Manager Asks What Short-Range Forecasts Can Be Used

question 55

Essay

A skeptical manager asks what short-range forecasts can be used for. Give her three possible uses/purposes.

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Definitions:

Unique Process

A specialized and distinctive method or procedure employed in the production of goods or delivery of services.

Outsourcing

The practice of hiring third parties to perform services or create goods that traditionally were performed in-house, often for efficiency and cost savings.

Core Competencies

Fundamental strengths or unique advantages that a company or individual possesses, central to its success and competitiveness.

World-Class Capabilities

Exceptional skills, methods, and processes that enable an organization to perform at the highest international standards.