The focus of
Lis on identifying the resulbimportant for an organization
rather than considering the reference frame to understand the environment.
OOO
a. Monitoring step of Environmental Analysis
b. Scanning step of Environmental Analysis
C. Forecasting step of Environmental Analysis
d. Assessment step of Environmental Analysis
Answers
Answer:
number (d) is the right answer of this question
Answer: Importance for an organization to understand the environment according to the references given are - Adapting to and staying competitive in the market, Identifying new opportunities, Managing risks, Compliance with laws and regulations, Meeting customer and stakeholder needs, Reputation and Credibility, Improving decision-making, Align with organizational goals and objectives, etc.
Explanation: 1) Adapting to and Staying competitive in the market: Understanding the external environment allows organizations to anticipate and respond to changes in the industry and market giving them a competitive advantage.
2) Identifying new opportunities Monitoring and scanning the environment helps organizations identify a new business or market opportunities and develop strategies to capitalize on them.
3) Managing risks: Understanding the environment allows organizations to identify potential risks and develop contingency plans to mitigate them.
4) Compliance with laws and regulations: Monitoring the environment helps organizations stay informed about relevant laws and regulations and ensure compliance with them.
5) Meeting customer and stakeholder needs: Understanding the preferences, needs, and behaviors of customers and stakeholders help organizations to develop products and services that meet their needs and increase customer satisfaction.
6) Reputation and Credibility: Proactive management of environmental concerns enhances the organization's reputation and credibility.
7) Improving decision-making: Accurate and up-to-date information from environmental analysis allows organizations to make better-informed decisions.
8) Aligns with Organizational goals and objectives: Environmental analysis allows organizations to develop effective strategies and plans that align with their goals and objectives.
Overall, understanding the environment is crucial for organizations as it allows them to anticipate and respond to changes, identify new opportunities, manage risks and ensure compliance with laws and regulations all while meeting the needs of their customers and stakeholders.
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