Answer:
The correct answer is letter "A": scenario building.
Explanation:
Scenario building refers to the efforts companies make to scheme adverse situations that could arise in the future and link the consequences of those events with the way it could affect the operations of the firm. Scenario building is part of the strategic planning of the company.
Organizations cannot predict exactly what will happen in the future but they can set contingency plans to be ready in front of different situations that could arise.
Answer: SCENARIO BUILDING.
Explanation: Best definition of scenario building is "looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed".
It involves evaluation and analysis of current trends and description of possible future situations.
According to Overland, Indra (2019-03-01) one challenge of scenario building is "predictors are part of the social context about which they are trying to make a prediction and may influence that context in the process".
