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Changes that impact organization

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How do you think planning in today's organization compares to planning twenty-five years ago? Is changing the organization's domain a feasible strategy for coping with a threatening environment? Can you think of an organization in the recent news that has change its domain? Explain?

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How planning in today's organization compares to planning twenty-five years ago?

25 years ago, the static strategic plan was the primary option for planning within organizations, but because of the advances in technology and increasing uncertainty within the marketplace, this approach toward planning has been nullified. In the 21st century, it is mandatory that leaders and businesses' adapt to rapidly changing environments, which require new strategic planning on a consistent basis that is predicated upon easily attainable data that can effectively be communicated throughout the organization. Threats to businesses such as new competitors that enter their market are ...

Solution Summary

The changes that impact organization are determined. The feasible strategies for coping with a threatening environment are determined.

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