Long Term Planning and Business Environment - Coursework Example

Weaknesses Culture The cultural aspects in the business environment may affect business activities.... This is because culture is unavoidable in any business environment, and every organization has its own cultural aspects that determine the way they carry out business activities.... The society can also consider the cost of economic activities that it may pose risks to the environment in case the company pollutes the environment....

Some companies produce larger volumes of finished product based on forecasts or customer demand, allowing their finished goods inventories to remain well-stocked in order to maintain a prepared business stance.... When planning production schedules, the responsible individuals can view a...

The reason why there is a need to prepare for the future with various plans addressing the what-if concerns is due to the fact that the business environment is affected by many forces.... In the business environment, an organisation is faced with various forces such as politics, economics, social, economic, technological and legal concerns.... This leads to the point that in the actual business, scenario planning is considered as an analytical tool that allows the business people to prepare things in the future, because it allows them to develop a framework that can lead them further to develop visions for the future as they analyse the environmental forces in the environment that can hinder growth....

Since the company deals in technological appliances, finding new markets is appropriate for business sustainability.... In essence, the Management practices of planning, staffing, leading, organizing, and controlling in an organization are vital, as they have direct effect on the [performance of the organization.... To begin with, the first management practice that has an effect on the performance of an organization is planning.... planning involves forecasting on various aspects that may affect the sustainability of the firm....

This paper 'planning and Controlling Direct Labor Costs" focuses on the fact that in this age of competitiveness and economic disparity, the most essential requirements of an organization are to improve the productivity and profitability, by controlling its total cost.... Along with this the process of planning and staffing also includes the future forecast of the changes in the business and economic environment that may offer significant impact over the operations and functions of the organization....

For a small business, the need for planning and the importance of planning will be more crucial because of the scale of operations.... When it is receptive to the opportunities created by the changes in the external environment, there is room for more planning and implementation.... The paper 'Importance and Advantages of a Concrete Business Plan' presents the term planning that may be broadly defined as “the selection and relating the facts and making and using of assumptions regarding the future in the visualization and formalization of the proposed activities....

In a traditional organization environment, all the functional departments worked in isolation and were concerned only with their own performance and profits.... This paper "Enterprise Resource Planning for business" discusses how an ERP system can provide improved business performance for a company and how it can reduce costs, aid in strategic-level planning, and facilitate day to day management activities of the company.... This availability of data results in inefficient business processes and effective decisions made on a daily basis....

A number of changes have been made over the years and continue to be made in order to match the evolving needs of the occupants of the City of San Diego and its environment… The urban planning is an integral tool for the realization of sustainable development in any city.... A number of changes have been made over the years and continue to be made in order to match the evolving needs of the occupants of the City of San Diego and its environment.... It enables city leaders to develop not only medium but long-term goals for the city which correspond with the collective vision of the city as a whole and within the resource pool available to the city Essentially, urban planning enables leaders to implement the collective vision of a city by utilizing the scarce resources available to the city, to foster economic and social development through collaborative engagements with interested stakeholders....