Management Parts of the Business Plan and Developing a Forecasting Strategy" Please respond to the following:Identify three (3) common problems associated with business plans and share the implication

Management Parts of the Business Plan and Developing a Forecasting Strategy" Please respond to the following:

• Identify three (3) common problems associated with business plans and share the implications of these shortcomings. Provide support for your response.
• Select two (2) forecasting techniques and compare the strengths and weaknesses of each approach. Next, discuss how each of your chosen forecasting strategies reduces the element of risk and uncertainty associated with change.