What is Extreme point? What is Alternative optimal solutions? What is Infeasibility?

What are the potential risks and challenges that organizations may face when implementing long-term plans, and how can they be mitigated?

Scenario – Business Planning Michelle Smith had recently graduated from a business program at her local university. After graduation, she took the summer off to enjoy some down time, and then started looking at the job market. After several months, had not figured out what she wanted to do. The problem was most job opportunities did not appeal to her. Some of Michelle’s peers who graduated with her had started working for big corporations, and others had been able to secure jobs with the government. However, Michelle did not want to work a 9-5 job, but she did want to earn a lot of money. She had a few ideas, and while contemplating her options, Michelle decided she was going to open her own handmade jewellery boutique. She loved jewellery and had been making her own for friends and family for years. She already had some supplies and tools, could get a small retail space in the mall and create an online website to sell her products. She had it all worked out in her mind, and although…

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What are the FIM Program's Problem Statement and Goal?

Identify an industry that is undergoing intense competition or is being featured in the busines press. Discuss how scenario planning might be used by competitors to prepare for future events. Can some industries benefit more than others from this type of process? Explain why? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Situation 1 You want to start an online clothing store and need information about the size of the market for the marketing section of your business plan. From an online search, you found that Americans spent $18.3 billion online for apparel, accessories, and footwear last year and that the forecast for their spending on these items in the coming year is $22.1 billion. You have also researched publicly traded apparel companies, like GAP, to discover trends in online sales for these firms.   why is your research thus far in situation 1 inadequate for what you need to know

The table shows both prospective profits and losses for a company, depending on what decision is made and what state of nature occurs. Use the information to determine 2. what the company should do. State of Nature Decision s1 30 s2 80 S3 di d2 d3 d4 -30 100 30 -40 -80 -10 120 20 20 20 if an optimistic strategy is used. if a conservative strategy is used. if minimax regret is the strategy. а. b. c.