The Scenario Approach to Strategic Planning Involves

question 63

Multiple Choice

The scenario approach to strategic planning involves

• A) devising plans for coping with a number of different possible future states of the world.
• B) homing in on a single prediction of future demand conditions using an iterative planning process.
• C) functional managers setting key corporate objectives.
• D) using computers to build virtual worlds for top-level managers.
• E) making planning the exclusive domain of top-level managers.

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Definitions:

Need for Affiliation

A psychological drive that compels individuals to seek out social interactions and relationships for a sense of belonging.

Stimulus

Any event or object in the environment that evokes a response or reaction in a person or organism.

Dissimilar Attitudes

describes attitudes or opinions that significantly differ between individuals or groups, often leading to disagreement or conflict.

Group Formation

The process by which individuals come together to form a group, influenced by factors like common interests, goals, or social connections.