Assess and utilize sources of business and contextual data for planning purposes.
- Assess how business (internal) and contextual (external) data/information can be used for planning purposes 2. Use a table to present two external and two internal sources of information 3. Develop a discussion assessing both and explaining how they can be used in business planning
Internal
Cost data
Accounts
Customer analysis
Human metric — staff turnover, productivity, absence data.
External
Legislative
CIPD – Labour market reports
Market data — competition
You could: • Apply examples of data used in your organisation.
Sample Solution
