Asked by Annabelle Beauchamp on May 18, 2024
Verified
Scenario analysis is primarily useful for ________.
A) short-term strategizing
B) internal assessment
C) long-term strategizing
D) economic assessment
Strategizing
The process of defining a company's strategy or direction and making decisions on allocating its resources to pursue this strategy.
Scenario Analysis
A process of analyzing possible future events by considering alternative possible outcomes, often used in strategic planning to make flexible long-term plans.
- Grasp the utility of scenario analysis as a long-term strategizing tool over other forms of planning.
Verified Answer
MF
Michaela FitzgeraldMay 19, 2024
Final Answer :
C
Explanation :
Scenario analysis involves examining multiple possible future scenarios and their potential impact on an organization. This makes it particularly useful for long-term strategizing, as it allows decision-makers to consider a range of possible outcomes and plan accordingly.
Learning Objectives
- Grasp the utility of scenario analysis as a long-term strategizing tool over other forms of planning.
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