Examlex
A coal extracting company is worried about the depleting coal reserves in various parts of the world. It wants to make future projections for reserve sizes and depletion rates that are useful in the planning process. Which of the following quantitative approaches should the company apply?
Tuning
Tuning involves making adjustments to a system, process, or instrument to improve its performance, accuracy, or efficiency.
Response Patterns
The systematic ways individuals or groups react to stimuli or situations, often studied in psychology and marketing to predict behaviors.
Nadler-Tushman Model
A framework used in the field of organizational dynamics, it outlines how various aspects of an organization interact and how changes in one area can lead to changes in others.
Anticipatory Changes
Changes that are made in preparation for future events, trends, or potential disruptions, aiming to minimize negative impacts and leverage opportunities.
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