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