Which of the following methods of developing a strategy best illustrates scenario planning?
A) Based on the previous year's profits, the CEO of Solva Inc. decided to adopt an expansion strategy in its home market.
B) A sales personnel of MP Foods Inc. suggested that the company should introduce an organic version of its gelato to cater to the needs of the increasing health-conscious population.
C) The managers at Lyon Clothing Inc. formulated a strategy to tackle any increase in the prices of cotton in the future.
D) The CEO of BCT Inc., a large conglomerate, has decided to enter the South American market based on the competitor's success in the same market.
Correct Answer:
Verified
Q38: Which of the following is an assumption
Q42: Strategic thinking is different from strategic planning
Q46: The executives at Red Couture Inc. are
Q89: The production head at the canned juice
Q90: Unrealized strategy is when parts of a
Q91: When parts of a firm's intended strategy
Q93: Which of the following is a top-down
Q94: Strategic flexibility is achieved when managers
A) choose
Q95: After carefully assessing the market potential for
Q97: Unplanned strategic initiatives taken by the _
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents