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Strategic Management
The process of setting goals, conducting analyses, making decisions, and implementing strategies in an organization to achieve its long-term objectives.
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.
Forecasting
the process of making predictions about future events based on historical and current data.
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