Analysis of social trends is important because:
A) The values and beliefs of key stakeholders are derived from societal influences
B) Correct assessment of social trends can help businesses avoid restrictive legislation
C) Changes in society can create either opportunities or threats for organizations
D) All of the above

Question

Quizplus · Accepted Answer

All of the options listed are reasons why analysis of social trends is important. Understanding societal influences on values and beliefs can help organizations better engage with key stakeholders. Correct assessment of social trends can allow businesses to be proactive in avoiding potential restrictive legislation. Changes in society can present either opportunities or threats for organizations, so it is important to be aware of and prepared for any shifts in social trends.

Analysis of Social Trends Is Important Because