The systematic,regular monitoring of major external forces influencing the oganization is called
Answers
Answer:
Answer:
The systematic, regular monitoring of major external forces influencing the organization is called: Select one: a. demand forecasting.
Answer:
Environmental scanning.
The systematic, regular monitoring of major external forces influencing the organization is called Environmental scanning.
Explanation:
Planning for the future Environmental scanning is the systematic, regular monitoring of major external forces influencing the organization. This group of employees possesses skills that are extremely valuable to a company, but are neither unique nor difficult to replace. Environmental scanning is the continuous monitoring of trends and events in an organization's internal and external environments that have an impact on its current and future success. The findings can be used to help shape goals and strategies.
Three kinds of Environmental scanning:
PEST Analysis, SWOT Analysis, and Porter's Five Forces Model are examples of environmental scanning. Environmental scanning reveals a slew of issues that have an impact on the company. As a result, there is a deluge of information about various aspects of the environment.
Environmental scanning and its importance:
Environmental scanning is a method of collecting and analyzing data in order to identify external opportunities and threats that may have an impact on future decisions. It's similar to a S.W.O.T. analysis and should be included in the strategic planning process.