Examples of changes or challenges other than those mentioned in the given picture that may occur in the future scenarios.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Examples of changes or challenges other than those mentioned in the given picture that may occur in the future scenarios.
Scenario Planning
Scenario planning for future states of affairs is a long-term version of contingency
planning. Scenario planning is a big help for organizations because it allows them to plan
ahead and make necessary adjustments in their strategies and operations. Example of
changes or challenges that may arise in future scenarios are environmental pollution,
human rights violations, climate and weather changes, earthquake and volcanic eruptions
that damage the communities and human life.
Transcribed Image Text:Scenario Planning Scenario planning for future states of affairs is a long-term version of contingency planning. Scenario planning is a big help for organizations because it allows them to plan ahead and make necessary adjustments in their strategies and operations. Example of changes or challenges that may arise in future scenarios are environmental pollution, human rights violations, climate and weather changes, earthquake and volcanic eruptions that damage the communities and human life.
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