What is Prevoyance? Explanation

      
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		            		Donato ochan Hakim
CEO, South Sudan
			            
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...
				      
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						            	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?
				                
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						            	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.
				                
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						            	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... Sign up
				              
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						            	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 di... Sign up
				              
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						            	pradeep deo
Strategy Consultant, India
												
				                Prevoyance in Services

													No business is an indepedent business. Service is no exception, therefore when analysing a service b... Sign up
				              
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						            	pradeep deo
Strategy Consultant, India
												
				                Preyoance, Forecasting and Gut Feeling

													@Mmuller kcim: Stastitistical data, forcasting etc are tools for taking decisions. But ultimately it... Sign up
				              
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						            	David Wilson
Manager, Canada
												
				                Future Forecasting

													Futurology (also called futures studies, ulrike and futurism) is the study of the future based on cu... Sign up
				              
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