Learning Path
Question & Answer
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To find the most likely future scenario
To develop multiple potential future scenarios and assess their impact
To eliminate uncertainty in decision-making
To focus solely on past trends
Understanding the Answer
Let's break down why this is correct
Scenario planning creates several possible futures and looks at how each would affect the organization. Other options are incorrect because Some think scenario planning just finds the single most likely future; A common misconception is that scenario planning removes all uncertainty.
Key Concepts
Strategic Decision-Making
easy level question
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Deep Dive: Strategic Decision-Making
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Definition
Strategic decision-making involves evaluating alternatives and selecting the best course of action to achieve organizational goals. It requires analyzing data, forecasting outcomes, and considering long-term implications. Effective strategic decision-making is essential for sustainable growth and competitive advantage.
Topic Definition
Strategic decision-making involves evaluating alternatives and selecting the best course of action to achieve organizational goals. It requires analyzing data, forecasting outcomes, and considering long-term implications. Effective strategic decision-making is essential for sustainable growth and competitive advantage.
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