What is Prevoyance? Explanation

What is Prevoyance? Explanation

Prevoyance is the function of management which says one must examine the future and draw a plan. How hard is it to forecast what needs to be done in the future? I need a bit of explanation on this, thanks...

		mmuller kcim Manager, Botswana
	Prevoyance In order to achieve strategic planning, how much forecasting is needed? If forecasting is ineffective, what is the supposed outcome of planning - risky, detrimental? What variables are used to determine forecasting and planning in order to achieve operational congruence throughout the managerial cycle?

		pradeep deo Strategy Consultant, India
	Prevoyance Strategic planning needs studies and understanding of environment in which a business takes place. This includes political environment. Gut feeling is the most important part of strategic planning. Strategic planning for 4~5 years is reasonably sufficient. 3~4 alternatives should be thought of while performing strategic planning. A continuous monitoring of different scenarios will guide to shifting the strategies so that it will not be detrimental to the business. All business elements need to be considered while strategical planning.

		mmuller kcim Manager, Botswana
	Prevoyance and Forecasting @pradeep deo: Thanks so much for making that clear cut thought of strategic planning! Let's now move to the forecasting ...

		Vance DeMasseo, United States
	Prevoyance in a Volatile Business Environment If you are in a volatile business such as service and that is the only product, prevoyance can be difficult to apply eve...

		pradeep deo Strategy Consultant, India
	Prevoyance in Services No business is an indepedent business. Service is no exception, therefore when analysing a service business, first under...

		pradeep deo Strategy Consultant, India
	Preyoance, Forecasting and Gut Feeling @Mmuller kcim: Stastitistical data, forcasting etc are tools for taking decisions. But ultimately it is gut feeling whic...

		David Wilson Manager, Canada
	Future Forecasting Futurology (also called futures studies, ulrike and futurism) is the study of the future based on current predictions an...