Explore BrainMass

Explore BrainMass

    Factors that impact the planning process

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What are three factors that impact the planning process? How do these factors impact the planning process? What role does organizational responsibility and ethics play in the planning process?

    © BrainMass Inc. brainmass.com June 3, 2020, 9:25 pm ad1c9bdddf
    https://brainmass.com/business/business-management/factors-that-impact-the-planning-process-181231

    Solution Preview

    The three important factors affecting the planning process are:

    1) General Industry and Economic environment: The planning process is heavily affected by changes in the industry and general economic environment in which an organization operates. For example, an optimism in the industry and better than expected future growth rate allows an organization to plan optimistically and prepare itself to reap the benefits of such growth. Similarly, a gloomy industry outlook can force an organization to alter its plan. Similarly, the changes in the general economic environment, such as GDP outlook of a nation, also affects the overall sentiment in the industry and thus, heavily affects the planning process ...

    Solution Summary

    What are three factors that impact the planning process? How do these factors impact the planning process? What role does organizational responsibility and ethics play in the planning process?

    $2.19

    ADVERTISEMENT