Identify an industry that is undergoing intense competition or is being featured in the business press....
Identify an industry that is undergoing intense competition or is being featured in the business press. Discuss how scenario planning might be used by companies in that industry to prepare for future events. Can some industries benefit more than others from this type of process? Explain why. 400 words
Homework Answers
If any company is facing huge competition,then the company needs to improve its way of working,It should make smart decisions so that they can benefit themselves.Also,in todays competitive market,every business needs to be smart enough to overcome obstacles and difficulties they face in their day to day life. Business should employ intelligent staff who have the required skills and qualifications for doing their job. Also business should divide the work load between different employees properly so that there can be smooth flow of working.Also,the business should conduct meetings at regular intervals in which decisions must be taken as how to make changes in the organization so that they can progress more and more. In this, the opinion of employees working in the organization should be taken because they actually work and they know more better as what needs to be done next.
Thus, the organization should follow all these functions so that they can survive in the market and give tough competition to other firms in the market.
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Identify an industry that is undergoing intense competition or
is being featured in the business press....
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