competitive success
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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.
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What are the key planning factors for competitive success?
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One of the major planning factors for competitive success is planning for changes in the external environment, especially competitive scenario. Organizations should be ready to adapt to such dynamic changes in the external environment in order to remain competitive in today's rapidly moving business world. Further, contingency or back up plan should be done in advance to ensure that organizations can fall back upon such plans in the case of failure of primary plan to obtain competitive advantage.
Another major planning factor is innovation or creativity. ...
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- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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