Because of the heightened competition resulting from globalization most companies find little strategic value in long-range forecast.

Question

Quizplus · Accepted Answer

With the increased competition resulting from globalization, companies face high uncertainty and volatility, making long-range forecasts less reliable and less valuable for strategic planning. Companies are adopting more agile and flexible approaches to respond quickly to changing market dynamics.

Because of the Heightened Competition Resulting from Globalization Most Companies