What is Prevoyance? Explanation

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Principles of Management > Best Practices > What is Prevoyance? Explanation

What is Prevoyance? Explanation
Donato ochan Hakim, Interim Manager, Sudan, Member

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... (...) Read more? Sign up for free
 

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Prevoyance
mmuller kcim, Manager, Botswana, Member

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?
 

 
Prevoyance
pradeep deo, Strategy Consultant, India, Member

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.
 

 
Prevoyance and Forecasting
mmuller kcim, Manager, Botswana, Member

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Prevoyance in Services
pradeep deo, Strategy Consultant, India, Member

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Preyoance, Forecasting and Gut Feeling
pradeep deo, Strategy Consultant, India, Member

(...)
 

 
Future Forecasting
David Wilson, Manager, Canada, Premium Member

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