Asked by David Sebesta on Jun 10, 2024
Verified
In the context of environmental scanning,just as there is a reaction for every action,for every trend there is a countertrend,and countertrends seem to develop in tandem with the trends.Discuss this view,providing an example.
Countertrend
A countertrend is a market movement that opposes the general direction of the market or current trends, often temporary in nature.
Environmental Scanning
A process used by organizations to monitor, analyze, and evaluate their external environment to identify opportunities and threats.
- Understand the correlation between trends and opposing movements in the context of environmental scanning.
Verified Answer
KC
Kyniajua ColemanJun 15, 2024
Final Answer :
One challenge in environmental scanning is that few trends exist in isolation.Take the issue of the difficulty of finding employees where labour shortages exist.There is a growing concern that companies will be unable to find enough tradespeople.If this problem is addressed in isolation,two solutions might be to (1)increase the number of spaces for apprentices in trade programs and/or (2)recruit tradespeople from other countries.But other trends may influence the ability to fill these jobs.The use of robots may change the need for skilled workers.The abolishment of mandatory retirement may encourage more tradespeople to continue working.
Learning Objectives
- Understand the correlation between trends and opposing movements in the context of environmental scanning.
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