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Economy

  • GDP per capita
  • economic growth
  • unemployment]] rate
  • inflation]] rate
  • consumer and investor confidence
  • inventory levels
  • currency exchange rates
  • merchandise trade balance
  • financial and political health of trading partners
  • balance of payments
  • future trends
Government
  • political climate - amount of government activity
  • political stability and risk
  • government debt
  • budget deficit or surplus
  • corporate and personal tax rates
  • payroll taxes
  • import tariffs and quotas
  • export restrictions
  • restrictions on international financial flows
Legal
  • minimum wage laws
  • environmental protection laws
  • worker safety laws
  • union laws
  • copyright and patent laws
  • anti- monopoly laws
  • Sunday closing laws
  • municipal licences
  • laws that favour business investment
Technology
  • efficiency of infrastructure, including: roads, ports, airports, rolling stock, hospitals, education, healthcare, communication, etc.
  • industrial productivity
  • new manufacturing processes
  • new products and services of competitors
  • new products and services of supply chain partners
  • any new technology that could impact the company
  • cost and accessibility of electrical power
Ecology
  • ecological concerns that affect the firms production processes
  • ecological concerns that affect customers' buying habits
  • ecological concerns that affect customers' perception of the company or product
Socio-cultural
  • demographic factors such as:
    • population size and distribution
    • age distribution
    • education levels
    • income levels
    • ethnic origins
    • religious affiliations
  • attitudes towards:
    • materialism, capitalism, free enterprise
    • individualism, role of family, role of government, collectivism
    • role of church and religion
    • consumerism
    • environmentalism
    • importance of work, pride of accomplishment
  • cultural structures including:
    • diet and nutrition
    • housing conditions
Potential suppliers
  • Labour supply
    • quantity of labour available
    • quality of labour available
    • stability of labour supply
    • wage expectations
    • employee turn-over rate
    • strikes and labour relations
    • educational facilities
  • Material suppliers
    • quality, quantity, price, and stability of material inputs
    • delivery delays
    • proximity of bulky or heavy material inputs
    • level of competition among suppliers
  • Service providers
    • quantity, quality, price, and stability of service facilitators
    • special requirements
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Q: Explain the importance of career planning in industry?
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Related questions

What is the importance of career planning in industry?

Knowing how to doge, save, and make money will depend on keeping and making more for your industry.


What is career planning in terms of HRM?

career planning is nothing but planning the career it means plan future career. how build our life and career


What is career?

what is career planning ?


What is a good speech on career planning and goals for a student?

A good speech on career planning and goals for a student should emphasize the importance of setting specific, achievable goals, conducting research on potential career paths, gaining relevant experience through internships or part-time jobs, and continuously improving skills through ongoing learning and networking. Encourage the audience to create a plan that includes short-term and long-term goals, and to stay flexible and open to new opportunities that align with their passion and skills as they progress in their career journey.


What element of the career development planning process may involve a lateral move or changing to a lower grade to develope careers?

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What is the purpose of career management or planning How are career plans developed What are the benefits of career planning for employees and organsations?

The purpose of career management is to guide on the right and informed choices of careers.


Which element of the career development planning process may involved a lateral move or changing to a lower grade to develop career goals?

Career planning options


Which element of the career development planning process may involve a lateral move or changing to lower grade to develop career goal?

Career planning options


Which element of the career development planning process may involve of lateral move or changing to a lower grade to develop career goals?

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When does career planning begin?

Career planning begins before you leave high school you should no what you want to do before you graduate


What is the differences between career planning and succession planning?

the answers are right there, planning, & management, when you plan something, it is what you want the out come to be, & management of it, is dealing with what you already have, & handling it correctly.


What is the Difference between career planning and manpower planning?

career planning is when you plan to take some of the workers to further their studies while manpower planning is when you plan to fill vacant position by relevant candidates.