Final answer:
A base support plan (BSP) in business outlines strategies and actions to support a business operation. Units are required to update a BSP when there are significant changes in the market conditions, regulations, technology, competition, or internal capabilities. Regular updates are important to ensure the BSP remains relevant and effective.
Step-by-step explanation:
In business, a base support plan (BSP) is a document that outlines the strategies and actions required to support a business operation. Updating a BSP is necessary when there are changes in the business environment, goals, or resources. Units are required to update a BSP when there are significant changes in the market conditions, regulations, technology, competition, or internal capabilities that may impact the effectiveness of the plan.
For example, if a business operates in a highly regulated industry and there are changes in the government regulations, the BSP may need to be updated to ensure compliance with the new requirements. Similarly, if there are changes in the competitive landscape, such as the entry of a new competitor or a shift in customer preferences, the BSP may need to be revised to address these changes.
It is important for units to regularly review and update their BSP to ensure that it remains relevant and effective in achieving the desired business outcomes.