Discussion:
"Managing in the Global Economy" Please respond to the following:
•From the scenario, assuming the absence of quantitative data, determine the qualitative techniques that could be used within this scenario. Now, assume you have acquired some time series data that would enable you to make short, medium, and long term forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast. Provide a rationale for your responses.
•Aside from maximizing profits, develop guidelines that list the key factors that managers should consider when deciding whether or not to outsource or integrate forwards or backwards. Determine the key factors that you believe to be the most influential. Provide a rationale for your response.