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What are the advantages and disadvantages of traditional approach to goal setting?
Wiki User
∙ 10y ago
Advantages Decision makers are better able to reorganize a scenario in its early stages if it actually unfolds. Also, managers are better able to understand the source of disagreements that occur.
Disadvantages
Disadvantage of scenario planning is early warning of business risks, innovative business ideas and objective decision support which balances the risks and returns of business options.
Scenario planning is not something that can happen overnight. It really takes time, research, and 100% commitment from the management team for it to be successful. Management teams need to understand the question or decision they're dealing with.
Wiki User
∙ 12y ago
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