There are many factors outside of a business that impact the success of a company. Identifying them is important to making decisions during the planning function of management. We rarely realize the impact that these trends will have even though we hear about them every day. The discussion this week asks for your opinion on these trend categories, and for you to find an example going on in today's business market.
Please make sure to complete the following points:
Points to Consider
Decide which category of external trends you think impacts businesses the most. Choose from economic, legislative, socio-cultural, and technological trends.
Explain why you chose the category that you did.
Identify one current trend in the market that falls under the category that you chose.
Remember to support your points with examples and concepts