BA 30310 Study Guide - Quiz Guide: Scenario Planning, Killing Machine, Firm Foundation
15 Jun 2016
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Scenarios- stories about the way the world might turn out tomorrow (possibilities, not predictions: built on firm foundation, clear sequence of events narrative, meaningful theme and creative name. The turkey problem - turkeys have a good life/food- high satisfaction but drops during thanksgiving (cid:0) Complexity gap- most ceos agree complexity will continue to rise (79%) but don"t feel prepared to. Saber tooth tiger problem- specialist vs. generalist saber toothed tiger = killing machine- extinct because needed big mammals to eat- very specialized if business environment changes, go extinct shark is a generalist- adapts rapidly therefore still around. Ambiguity- when you are not sure what the variables are ex: rolling 20-sided die (don"t know this ahead. Uncertainty- you"ve defined the variable but don"t know its value ex: rolling normal dice and not (cid:0) knowing what values you will get (cid:0) of time) and obvi still don"t know what value you will roll (cid:0)
