Why scenario planning is one of the most useful tools in strategic management and organization development?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Why scenario planning is one of the most useful tools in strategic management and organization development? 

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Step 1: Define An organization.

An organization is a structured entity formed to achieve specific goals or purposes through coordinated efforts and resources. Organizations usually involve individuals or collectives working together within a structured hierarchy or framework, with clearly delineated roles, responsibilities, and procedures aimed at ensuring efficiency and effectiveness.  Key elements include a clear mission or objective, leadership, workforce, communication channels, and decision-making processes. Effective organizations foster collaboration, adaptability, and innovation, striving for optimal performance and sustainability in their respective sectors or industries.

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