Planning teams focus on global trends.
But, Local factors matter
While global trends are essential,
consider local factors like
– cultural events,
– holidays, and
– regional preferences.
These can impact demand and should be factored into your planning.
#planning #local #demandmanagement
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Today, we’re going to learn about something cool called “Local factors”. Why they’re important in our daily lives?
Imagine you’re planning a big party, and you want to know what kind of food and games your friends will like. You might look at what’s popular all around the world, like pizza and soccer, but that’s not enough!
Local factors are things that are special and unique to your town or neighborhood.
For example, there’s a festival or celebration happening soon.
That means people might want different foods, like rasgollas or ice cream, and play fun games related to the festival.
If you plan your party based on what your friends like in your area, they’ll be super excited and happy!
They’ll think you’re the best planner because you thought about what’s special to them.
In the same way, when stores or businesses want to sell things, they have to think about local factors too!
Retail can’t look at what’s famous worldwide.
They have to consider what people in their town or country want.
So, whether you’re planning a party or a business, always remember that local factors matter!