Question

The scenario approach to strategic planning involves:A. devising plans for coping with a number of different possible future states of the world.B. designing the best organizational structure and the best culture and control systems to put a chosen strategy into action.C. functional-level managers setting key corporate objectives.D. anticipating the reoccurrence of problems that were previously encountered and designing solutions accordingly.E. designing plans for problems that the company believes it will most certainly face in the near future.

Answer 1

Answer:

Option A: devising plans for coping with a number of different possible future states of the world.

Explanation:

strategic management process usually involves defining the mission and major goals of the organization.Scenario based planning is normally used for handling or coping with the problem of uncertainty.

Strategic Planning can simply be defined as means by which we find out the organization's long range, future goals that is to Determine what strategies are necessary to achieve specific objectives to survive and thrive.