Podcast
Questions and Answers
Environmental scanning is conducted to analyze only the opportunities and weaknesses of a business enterprise.
Environmental scanning is conducted to analyze only the opportunities and weaknesses of a business enterprise.
False (B)
Internal environment scanning involves collecting information about opportunities and threats.
Internal environment scanning involves collecting information about opportunities and threats.
False (B)
The idea generation phase comes after environmental scanning in business planning.
The idea generation phase comes after environmental scanning in business planning.
False (B)
External sources for new ideas in environmental scanning can include employees and retailers.
External sources for new ideas in environmental scanning can include employees and retailers.
Setting up a business before conducting environmental scanning is advisable.
Setting up a business before conducting environmental scanning is advisable.
Before getting into the finer details of setting up business, it is advisable to scan the environment both ______ and internal.
Before getting into the finer details of setting up business, it is advisable to scan the environment both ______ and internal.
Environmental scanning is carried out to analyze the prospective strengths, weaknesses, opportunities, and ______ of the business enterprise.
Environmental scanning is carried out to analyze the prospective strengths, weaknesses, opportunities, and ______ of the business enterprise.
Sources of new ideas for environmental scanning can include consumers/customers, existing companies, research and development, employees, dealers, retailers, and ______.
Sources of new ideas for environmental scanning can include consumers/customers, existing companies, research and development, employees, dealers, retailers, and ______.
Environmental scanning for business planning helps in collecting information about possible opportunities, threats, strengths, and weaknesses from the ______ environment.
Environmental scanning for business planning helps in collecting information about possible opportunities, threats, strengths, and weaknesses from the ______ environment.
Once a promising idea emerges through the idea generation phase, the next step is ______ scanning.
Once a promising idea emerges through the idea generation phase, the next step is ______ scanning.
Flashcards
Environmental Scanning
Environmental Scanning
The process of collecting and analyzing information about the internal and external environment of a business to identify opportunities, threats, strengths, and weaknesses.
Internal Environment
Internal Environment
The factors within a company that affect its operations, such as resources, employees, and processes.
External Environment
External Environment
The factors outside a company that affect its operations, such as competitors, customers, and the economy.
Idea Generation
Idea Generation
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Sources of New Ideas
Sources of New Ideas
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Environmental Scanning Purpose
Environmental Scanning Purpose
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SWOT Analysis
SWOT Analysis
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Importance of Environmental Scanning
Importance of Environmental Scanning
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Environmental Scanning Timeline
Environmental Scanning Timeline
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Environmental Scanning & Business Setup
Environmental Scanning & Business Setup
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