Addressing the strategic planning process questions involves considering environmental factors. An example of an external environmental factor to be considered is:

Question

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Regulatory bodies are an example of an external environmental factor because they are outside of the organization's control but can still greatly impact the organization's operations and strategies. Financial factors, human resources, and organizational culture may all be important factors to consider, but they are internal factors that can be directly managed by the organization.

Addressing the Strategic Planning Process Questions Involves Considering Environmental Factors