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Author Question: What is scenario planning? What will be an ideal response?[br][br][b][color=gray]Question ... (Read 322 times)

09madisonrousseau09

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on: Jul 6, 2018
What is scenario planning?
 
  What will be an ideal response?

Question 2

A firm's alliances formed with other businesses to achieve mutually beneficial goals is a(n)
 
  A) personal network.
  B) advisory board.
  C) board of directors.
  D) business network.


bblaney

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Scenario planning is also known as contingency planning. Scenario planning identifies different future scenarios and spells out what to do in each scenario. This helps managers deal with uncertainty by anticipating what may happen in the firm  though the future cannot be accurately forecast with certainty.

Answer to Question 2

D


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