Asked by Ashley Hammerscchmidt on Apr 24, 2024

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Qualitative models may be useful when no formal planning exists and no formal data collection occurs around a planning process.

Qualitative Models

These are non-numerical frameworks or approaches used to understand patterns, processes, or behaviors in various fields such as social sciences or business.

Formal Planning

The process of setting organizational goals, developing strategies to achieve those goals, and outlining specific plans of action in a structured manner.

Data Collection

The systematic gathering and measuring of information from various sources to gain insights and make informed decisions.

  • Realize the importance and utility of qualitative strategies in environments filled with unpredictability.
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Hallie BrownMay 02, 2024
Final Answer :
True
Explanation :
Qualitative models can be used in situations where formal planning may not exist or where no formal data collection has occurred. These models rely on subjective expert opinions and judgments rather than statistical or quantitative data. They can be useful in providing a starting point for decision-making and can be particularly effective in situations where data is scarce or difficult to collect.