Internet's Effects and Influences on Motivation, Process, and Outcomes of Planning

eBusiness Strategy
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Institution
A business plan plays a great part in any given business, for instance, serving as a blueprint during the life of the business. Moreover, it serves as a guide and object of persuasion to possible investors and loan givers. It is worth examining the internet’s effects on planning by how it influences the motivation for planning, the process for planning, and the outcome of planning from a broad point of view.
Firstly, a good business plan calls for extensive research in to the organization’s target market as well as the products offered by other competitors. These sites provide essential information on the demands and supply of various products. Similarly, they also provide information on the quality of the prevailing products. Thus, the presence of this will motivate an organization to develop business plans; which may be the introduction of a new marketing technique, or the improvement of their product’s quality.
Besides, with the overwhelmingly high numbers of people subscribing to social sites and other web based programs, communication with the target market becomes easy. This truncates the costs required in travel; the finances could be directed to other processes, making the plan even more efficient. A planner also has the option of visiting competitors’ websites and get sufficient information on what their products are. This will facilitate the formulation of an alternative product.
Thirdly, the internet influences the process of planning in a business. A business plan tends to capture a lot of information in the fewest words possible. In designing a business plan, the internet provides an inexhaustible room for storage of the collected data. Besides, it offe...