What role does forecasting play in the strategic planning process

What role does forecasting play in the strategic planning process

What role does forecasting play in the strategic planning process?What are some aspects of forecasting you must consider in your plan?Why?Do you believe forecasting is reliable?Why or why not?What might an alternative approach or method be?

 

 

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In the corporate world, business forecasting is a rough estimate or prediction of future developments in business such as sales, expenditures, and profits. It plays an important role in the business in that it provides a guide to long-term strategic planning and helps to inform decisions about scheduling of production, personnel and distribution………………..

APA
193 words

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