Asked by Ashley Hammerscchmidt on Apr 24, 2024
Verified
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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Learning Objectives
- Realize the importance and utility of qualitative strategies in environments filled with unpredictability.
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