Explain the following in simple words or explanation: Would scenario planning cause the company to be misdirected? Why is scenario planning important in the business or in the workplace? How is scenario planning different from strategic planning?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 2MC: Management accountants help the management of an organization in their planning function through...
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Explain the following in simple words or explanation:

  1. Would scenario planning cause the company to be misdirected?
  2. Why is scenario planning important in the business or in the workplace?
  3. How is scenario planning different from strategic planning?
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