What are the key planning factors for competitive success?
Provide an example of an organization that has achieved competitive success through planning.
Provide an example of an organization that has failed to achieve competitive success as the result of failed planning.© BrainMass Inc. brainmass.com October 1, 2020, 9:37 pm ad1c9bdddf
The response addresses the queries posted in 423 words with references.
//Prior to providing examples of the organizations having great competitive success, it is better to explain the key planning factors for competitive success. There are various key planning factors for competitive success which are discussed as under: //
Over the last decade, the surveys have highlighted the significant role that planning plays in resulting to a firm's competitive success. Planning involves defining the goals for future performances and determining the resources and tasks to be undertaken in order to attain those goals by creation of core competencies and competitive advantages. The outcome of an effective planning is outperforming the competitors and achieving success. Planning is also required to minimize the ...
Explanatory response with APA references.