The Importance of Business Planning in a Changing Business Environment

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Elevator pitch
The business planning is essential as its help in developing performance of employees and
develop effective management in organizational department by implementing several strategies
and techniques. The planning process in changing rate in business environment is never leads to
meaningless as it help in accomplishing the organizational tasks in effective manner. There are
several factors that should be considered at the time of planning such as technical factors, which
type of technology is currently used in business and how business performance can be more
developed by analysing other environmental aspects such as economic, financial and political.
Thus conducting planning process in such manner leads to better improvement in performance of
business and leads to better changes in the business environment which helps in accomplishing
the objective in timely manner.