Competitive Intelligence helps managers in “scenario development” for the future course of action.
Scenario development: are the speculative action plans, & they are endlessly updating as with the change in economy & the competitors.
– Best Case Scenario: course of action, if all goes well & in favor of the firm... Showed first 250 characters
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Is used to predict how some variables will change in future, e.g. how interest rates will change or forecasting about supply & demand, etc. It’s not considered a very accurate technique; we need to do multiple forecasting sessions to draw a conclusion from the average... Showed next 250 characters
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Plans/Positioning for the next five years
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Human Capital Worksheet
University of Phoenix
Human Capital Concepts Worksheet
Concept Application of Concept in the Scenario Reference to Concept in Reading
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There are a variety of perspectives, models and approaches used in strategic planning. The way that a strategic plan is developed depends on the nature of the organization's leadership, culture of the organization, complexity of the organization's environment, size of the organization, expertise of planners, etc...
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Scenario planning is a method for learning about the future by understanding the nature and impact of the most uncertain and important driving forces affecting our future...
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