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Part of the strategic planning process involves monitoring specific trends, which are of interest to a firm (Morrison, 1987). One of the most important factors in the remote environment involves technological changes. In order to evade obsolescence and support advance in an organization, leaders have to be prepared of technological changes in their industry environment.
The most important factors affecting the economy are foreclosures, unemployment, property taxes, and demographics. The economic fluctuates, foreclosures, unemployment, and demographics are increasing; property taxes are due. The real Gross Domestic Product (GDP) is decreasing due to contraction on the public and private expending levels...
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