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In the sociological sense, the status quo refers to the current state of social structure or values. [2] With regard to policy debate, it means how conditions are contrasted with a possible change. For example: "The countries are now trying to maintain the status quo with regard to their nuclear arsenals."
Scenario analysis is a process of analyzing future events by considering alternative possible outcomes (sometimes called "alternative worlds"). Thus, scenario analysis, which is one of the main forms of projection, does not try to show one exact picture of the future. Instead, it presents several alternative future developments.
If a win–win scenario is not achieved, the scenario becomes a lose–lose situation by default, since it had caused failure for at least one of the parties. While she did not coin the term, Mary Parker Follett 's process of integration described in her book Creative Experience (Longmans, Green & Co., 1924) forms the basis of what we now refer ...
Good morning. When it comes to finance, the advanced AI and machine learning on the horizon will supersede any current scenario testing and forecasting.
A problem statement is a description of an issue to be addressed, or a condition to be improved upon. It identifies the gap between the current problem and goal. The first condition of solving a problem is understanding the problem, which can be done by way of a problem statement.
The situation analysis looks at both the macro-environmental factors that affect many firms within the environment and the micro-environmental factors that specifically affect the firm. The purpose of the situation analysis is to indicate to a company about the organizational and product position, as well as the overall survival of the business ...
A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms, sometimes simply as lists of synonyms and antonyms.
In contrast, experienced decision makers assess and interpret the current situation (Level 1 and 2 SA) and select an appropriate action based on conceptual patterns stored in their long-term memory as "mental models". [62] [63] Cues in the environment activate these mental models, which in turn guide their decision making process.