Explain Why Workforce Planning Is Necessary and Important to an Organization

question 21

Essay

Explain why workforce planning is necessary and important to an organization. Be sure to cite examples of either positive or negative impacts by either doing or not doing it well.

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Definitions:

Change Competency

Change competency refers to the ability of individuals or organizations to adapt effectively to new conditions or environments.

Indra Nooyi

Former CEO of PepsiCo and notable figure in the business world, recognized for her leadership and contributions to the industry.

PepsiCo

A global food and beverage leader with a product portfolio including 22 brands that generate more than $1 billion each in estimated annual retail sales.

Soft Drink Industry

An economic sector involved in manufacturing, distribution, and sales of non-alcoholic beverages, such as sodas, juices, and carbonated drinks.