ORGANIZATION AND MANAGEMENT

ad hoc,regular,continuous

3 kinds of Environmental scanning

external and internal

Business Environment is divided into

1developing competitive mindset 2.considering future business scenarios 3.business predictions 4.benchmarking

Components of Environmental Scanning

resources,research and development,production,precurement of supplies,products and services

Components of Internal Business Environment

economic,sociocultural,politico-legal,demographic,technological,world,ecological

The General Components of the External Business Environment

stakeholders,Costumers,Suppliers,Pressure groups,investors,competitors

The Specific Components of the External Business Environment

environmental scanning

careful and diligent monitoring of an organization's internal ang external environments in order to detect early signs of opportunities and threats that may influence the organization's current and future plans

continuous scanning

continuous structured data collection and processing on a broad range of environmental factors

external business environment

includes the factors and elements outside the organization which may affect its performance, either positively or negatively

benchmarking

is a process of measuring or comparing one's own products,services and practices with those of the recognized industry leaders in order to identify areas for improvement

Business environment

refers to the factors or elements surrounding a business organization that have the potential to affect the way it operates

internal

refers to the factors within the organization which may also affect its performance, either positively or negatively

ad hoc scanning

short term, infrequent examinations usually initiated by a crisis

regular scanning

studies done on a regular schedule