Thursday, June 21, 2007

MBA 755 – Reflections on Module 5 Concepts.

Trends and Patterns

The trends and patterns our organization adheres to is career planning and job descriptions. Criteria they must always consider is the demand for any technology and the career outlook.

Scenario Planning

Scenario Planning is used at Hocking College. They must consider the future scenerios to successfully turn out graduates that are ready for the field.

Personal Scenario Planning

I could use scenario planning in my own life for building a solid plan for my retirement years or even possibly for a career after retirement by outlining what areas I must renew to achieve the goals I have set.

Disadvantages of the Scenario
Firms competing in businesses subject to high uncertainty, whose decisions have costly and long-lasting effects may not benefit from scenarios.

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