Question

What are the primary internal and external organizational considerations for the development of a global strategic plan? In your opinion, which 3 considerations have the most impact and why (PLEASE ANSWER 3 CONSIDERATIONS THAT HAVE THE MOST IMPACT AND WHY?)

Answer 1

For the growth of a appropriate strategic plan, peripheral deliberations are vital because a plan covers the whole facets of an organization i.e. its internal as well as external aspects. The external facets comprise customers, competition, technology, supplier market and labor market. All these features need to be given due reflection as the external environment inclines to have a shocking effect on the business. A business can run easily only when plans are made in agreement with the different external factors. Among these factors, the most domineering factor is the customers as they are the ones who play a vital role in determining the business and taking it to better elevations. Hence, it is the accountability of every business to comprehend the varying needs and preferences of the customers from time to time so that they can be provided with the satisfactory products and services