The 4 Business Plan Threats

April 5, 2010 · Posted in Eco Conscious Consumer · Comments Off 

Stripped bombax tree silhouette
Creative Commons License photo credit: Felix Francis

There are four critical areas causing business plans to change. All are changing trends in the business environment. The four areas we will examine are: 1) government trends, 2) economic trends. 3) technological trends and 4) cultural trends. Each one causes a specific impact on our decisions and requires us to make adjustments. Some changes are dramatic and require dramatic reactions to minimize their effect on our business.

First are government trends. There are several different sources caused by changes in regulations, tax policies and new legal precedence. Most of these are not a direct result of what we are doing in our business, but are the result of political and social shifts. On the legal side, changes result from court cases. It is absolutely necessary to address these changes because of both the financial and legal jeopardy. The result will be changes to not only our business plans but also our business conduct.

Second are economic trends. These changes occur because the local, national and international environment changes. Read more

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