It is not always necessary to take the economy into account when performing strategic planning activities.

Question

Quizplus · Accepted Answer

The economy plays a critical role in shaping the success or failure of a business. Strategic planning activities should take economic factors into account to anticipate changes in consumer demand, market competitiveness, and financial resources. Failure to consider the economy can result in flawed decision-making and planning that may harm an organization in the long run.

It Is Not Always Necessary to Take the Economy into Account