What are the factors affecting environmental appraisal?
Answers
factors affecting environmental appraisals.
since, strategiest plays a central role in formulation of strategies , there characteristics such as age, education , experience, motivation , cognitive styles , ability to withstand time pressure and responsibility have an impact to the extent to which they are able to appraise the environment..
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Answer:
The factors affecting environmental appraisal are mentioned below:
1- Strategist related factors
2- The organization's age factor
3- Size and power of the organization
4- The organization's geographic dimension
5- Type of business
6- Business Organization's Influence
7- The environment's turbulence
8- Managerial ability
Explanation:
Detailed explanation about the factors affecting environmental appraisal are mentioned below:
1- Strategist related factors - There are numerous elements relating to strategist that influence the process of environmental assessment. Because strategists play such an important role in strategy formulation, their characteristics such as age, education, experience, motivation level, cognitive styles, and ability to withstand time pressure and strain, among others, have an impact on the extent to which they can withstand and appraise their organization's environment and how well they can do so.
2- The organization's age factor - The types of information that can be obtained by an organisation may also be determined by its age. Organizational growth over time necessitates many types of interactions with its surroundings. The older the organisation, and the more experienced the managers, the narrower the focus on environmental data will be, because with expertise, managers may be able to identify what is relevant and irrelevant for the organisation.
3- Size and power of the organization - Large organisations must interact with diverse environmental forces on a regular basis, and their environmental search will have to be more extensive. Because of their high risk exposure and frequent forays into new enterprises or diversification of activities, these businesses must pay close attention to economic and competitive trends.
4- The organization's geographic dimension - The type of engagement that an organisation has with its environment is influenced by its geographic dimension. Because environmental elements fluctuate from place to place, the wider the region of operation of an organisation, the more informational requirements it will have. If a company is regionally based, it may need information for those areas as well.
5- Type of business - The nature of information requested is determined by the type of business the organisation is in or intends to be in. Furthermore, how an organisation defines its business becomes a key aspect in identifying information needs. If a corporation has a narrowly defined business, it will focus on a limited aspect of the environment, so a widely diversified company may require various forms of data. Similarly, the scope of an organization's information search may be substantially greater.
6- Business Organization's Influence - The more an organization's influence in regard to environmental forces, the less it will need to appraise those forces. A monopolitic organisation, such as BHEL or ONGC, for example, does not need to consider the competitive environment. Similarly, firms that are not reliant on government fiscal and financial resources, as well as financial institutions, will place less focus on the political environment than those that are. Similarly, management of organisations with alternative sources of supply of inputs of production considers the external environment's supplier element to be less relevant.
7- The environment's turbulence - The importance of environmental research and the sort of information required by an organisation are both influenced by the environment. If the corporate environment is volatile and turbulent, management must be very worried about the external environment and will want to collect as much information as possible.
8- Managerial ability - Organizations that employ highly qualified CEOs are more concerned about environmental scanning than those that do not. Large and multinational organisations have a wealth of administrative skills and technological expertise, which helps them conduct extensive and rigorous environmental studies.
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