Strategic Planning: A Tool for Strategic Thinking
Instructions
When reviewing the case, please ensure you do a complete analysis using APA
Answer
Case Study: Strategic Planning: A Tool for Strategic ThinkingIntroductionScenario planning is a method that is utilized by companies to imagine how companies in possible future have applied to a wider range of concerns. A limited number of possible states from the avalanche of data are being simplified through scenario planning, showing how various elements interact at certain conditions. However, computer simulations, sensitivity analysis, and contingency planning differ from scenario planning. Sensitivity analysis differs from scenario planning since it keeps all other factors constant while examining one variable, giving a less dynamic perspective while scenarios do not keep other factors constant, instead it changes these variables several times. With computer simulations, it generates...
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