As the managers plan for the future, they want to be able to handle unexpected circumstances.They are developing backup plans with alternative courses of action in case conditions change.This is an example of
A)a standing plan.
B)scenario planning.
C)long-term planning.
D)short-term planning.
E)a rolling plan.

Question

Quizplus · Accepted Answer

The best way to improve planning is first to generate "multiple futures," or scenarios of the future, based on different assumptions about conditions that might prevail in the future and then to develop different plans that detail what a company should do if one of these scenarios occurs.

As the Managers Plan for the Future, They Want to Be