Examlex
_____________________ might be found in competing companies in the same industry or in companies in other industries that have similar processes.
Structural Equation Modelling
A statistical technique that permits the testing of multiple relationships simultaneously in a theoretically derived model.
Simulation
The use of models, often computerized, to replicate real-life processes, scenarios, or systems for the purpose of training, problem-solving, or prediction.
Scenario Planning
A strategic planning method that organizations use to envision and prepare for future possibilities, helping them navigate uncertainties and make flexible long-term plans.
Nominal Group Input
A technique used to generate ideas and solutions in a group setting, where participants contribute independently before collectively discussing and prioritizing suggestions.
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