External environment has little or no impact on the formal planning process.

Question

Quizplus · Accepted Answer

The external environment has a significant impact on the formal planning process as it involves scanning and analyzing the external factors such as economic, technological, legal, and social trends that could affect the organization's goals and objectives. This analysis helps in proactive decision making and formulating effective strategies. Therefore, the external environment is an integral part of the formal planning process.

External Environment Has Little or No Impact on the Formal