Strategic Management
3rd Edition
ISBN: 9781259420474
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 2, Problem 4DQ
Summary Introduction
To determine: The industry, which is using intense competition or featured in the business press and the way scenario planning can be used for future events.
Introduction:
Strategic management refers to formulating and implementing the way to achieve the goals by considering available resource and the internal and external environment. It will be framed by the top management on behalf of an organization.
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19-
Ahmed is making a long term plan to improve his business. Which of the following premises he supposed to include while he is forecasting?
a.
What new markets will emerge?
b.
What will be new technologies?
c.
All of the options
d.
What will be the supply of competitors?
Explain the following in simple words or explanation:
Who is creating the scenario planning?
Is scenario planning only effective for some oraganizations? Because there is always a social changes, rapid changes in the society especially to technology and global market.
What if there is a faulty judgment because it involves uncertainty?
Sub = mangement
What are the potential risks and challenges associated with long-term planning, and how can managers mitigate those risks while maintaining a focus on future sustainability and growth?
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