__________ Involves Looking at Trends and Discontinuities and Imagining Possible

question 132

Multiple Choice

__________ involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed.

• A) Scenario building
• B) Crisis planning
• C) Contingency planning
• D) Trend management
• E) Caution planning

Comprehend how market analyses tools, such as SWOT analysis and the Boston Consulting Group's growth-share matrix, help in strategic planning.

Understand the role of mission statements and core values in guiding a company's strategic direction.

Describe the evaluation phase's actions, including comparison of results with plans and taking corrective actions.

Explain the concept of market share and how it's calculated.

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Definitions:

Oil Painting

A painting technique using oil-based pigments that rose to prominence in northern Europe in the 15th century and is now the standard medium for painting on canvas.

Portrait Sculpture

A form of sculpture focusing on the depiction of the likeness of a specific individual or figure, often commemorating or celebrating the subject's identity.

Goldworking

The art or process of creating objects from gold, including jewelry, coins, and other decorative or functional items, often with intricate designs.

Woodcarving

The art of shaping or sculpting wood into various artistic forms, utilizing different tools and techniques for decorative or functional objects.