PPG Industries, the Pittsburgh-based manufacturer ofpaints, coatings, optical products, specialty materials, chemicals, glass, and fiber glass suffered serious failuresin 1986 and 1987 when it attempted to diversify its offers. It used a technique to help it identify possible futurestrategies. What was it?

A. crowdsourcing
B. scenario analysis
C. competitive intelligence
D. monitoring

(B) Scenario analysis

Explanation:

  The scenario analysis is one of the process for analyzing, evaluating and also reviewing the various types of possible outcome by consider the alternative events.

 The main objective of the scenario analysis is to understanding the various types of functions in an organization and also develop the scenario o the basis of the given data.

According to the given question, the scenario analysis is one of the technique which is used by the PPG industries for identifying the various types of possible future strategy for the purpose of diversifying the offers.  

 Therefore, Option (B) is correct answer.          

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

d. to get countries or companies to stop doing something objectionable.