Methodological Premises of Social Forecasting in the Context of Business Organizations
2nd National Conference on Management Science and Practice Indian Institute of Technology, Madras, March 9-11, 2007
10 Pages Posted: 1 Jul 2010 Last revised: 30 Oct 2013
Date Written: June 29, 2010
Abstract
It has been observed with respect to various business organizations in different sectors use economic and technological forecasting to design future course of action. However, the residual error is too large to be explained and need has been felt to complement the forecasting process with the help of social forecasting. In this paper the researcher attempts to address issues such as:
1) complexity of social systems.
2) Methodological premises in the form of strategies are discussed to cope with the complexity of predicting social trends for the purpose of business organizations.
Keywords: Social Forecasting, Methdology of Social Forecasting
JEL Classification: O30
Suggested Citation: Suggested Citation