Management
13th Edition
ISBN: 9780133935813
Author: Stephen P. Robbins; Mary A. Coulter
Publisher: Pearson Education (US)
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Chapter 8, Problem 14DQ
Could an organization even plan for this type of situation? If yes, how? If not, why not?
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- Suppose you are running your business from the last 3 years. State decision making process in this regard.arrow_forwardWhat are the key elements of a system model, and how do they relate to one another?arrow_forwardExplain the description of delphi technique and how it would assist an employer in decision making ?arrow_forward
- Base on the picture, why is scenario planning important in the business or workplace?arrow_forwardYou are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. What type of long-range planning should be considered?arrow_forwardYou are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. What criteria will you use to determine the best plan of action?arrow_forward
- You are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Identify the steps in developing short-term goals to address the potential reduction in resources described above.arrow_forwardWhat are the potential risks and challenges that organizations may face during the planning phase, and how can they mitigate them?arrow_forwardHow can organizations use scenario planning to prepare for potential future events and challenges? What are some best practices for conducting scenario planning exercises?arrow_forward
- In proper order , what are the Four-Step Process in Scenario Development?arrow_forwardHow can organizations use scenario planning to prepare for uncertainty and potential future challenges? What are the potential benefits and drawbacks of this approach?arrow_forwardWhen do you think the next disruption will occur, if at all? How does this relate to shifting circumstances?arrow_forward
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