Asked by Daniel Klucker on May 13, 2024
Verified
Refer to Scenario: Green Septic and Water Systems Inc.Green Septic and Water Systems Inc.regularly monitors major external environmental forces influencing its organization.What is this process called?
A) demand forecasting
B) influence analysis
C) exception reporting
D) environmental scanning
Environmental Scanning
A repeated process to analyze the changes in the business environment that can impact an organization's strategies.
Demand Forecasting
The process of determining the organization's requirement for specific forms of human capital.
Influence Analysis
The examination of factors or individuals that have the power to affect outcomes or decisions within a particular context or system.
- Detect the crucial factors involved in strategic planning and environmental scanning.
Verified Answer
SN
Sabrina NormanMay 19, 2024
Final Answer :
D
Explanation :
The process of regularly monitoring major external environmental forces influencing an organization is called environmental scanning. It is an important activity for organizations to identify potential opportunities and threats in their external environment.
Learning Objectives
- Detect the crucial factors involved in strategic planning and environmental scanning.