Business Studies, asked by ganeshdada0903, 3 months ago

What is planning for 'uncertain events known as in operations?​

Answers

Answered by shaikquadri5566
20

Answer:

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Answered by qwwestham
0

Planning for 'uncertain events', in operations is known as Scenario planning.

  • Scenario planning basically means thinking about what can happen in the future.
  • It takes into consideration both the positive and negative aspects as to what shall the organization do if something bad happens, and what if good happens.
  • It is more specifically making assumptions about the future.
  • Scenario planning can be said as a way that helps in anticipating the future by foreseeing various possible outcomes.
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