During __________, managers identify important factors in the environment and then forecast a range of alternative responses to the most likely high-impact contingencies, focusing on the worst case.
A) crisis planning
B) scenario building
C) contingency planning
D) strategy mapping
E) management by means

Question

Quizplus · Accepted Answer

The description best fits contingency planning, where managers identify important factors in the environment and forecast a range of responses to high-impact contingencies, focusing on the worst case scenario. Crisis planning involves responding to an immediate crisis, strategy mapping involves visualizing and aligning business strategy, and management by means is not a relevant term in this context. Scenario building may involve similar steps, but does not necessarily focus on worst-case scenarios.

During __________, Managers Identify Important Factors in the Environment and Then