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_____________________ Might Be Found in Competing Companies in the Same

question 107

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_____________________ might be found in competing companies in the same industry or in companies in other industries that have similar processes.


Definitions:

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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