chap 2: challenges in the external environment

Question 1

refers to the expertise, insight, and wisdom possessed by an entity

Answer 1

Organizational Intelligence

Question 2

serves as a valuable guide to its journey to becoming competitive

Answer 2

Organizational Intelligence

Question 3

capability that organizations need to possess to be able to accurately audit the environment and come up with creative and cutting-edge strategies

Answer 3

Organizational Intelligence

Question 4

is the study and interpretation of the forces existing in the external and internal environments. identify problems

Answer 4

Environmental scanning

Question 5

It is carefully monitoring the surroundings with the end goal of ascertaining early indications of prospects and challenges that may influence the organization’s present and future plans.

Answer 5

Environmental scanning

Question 6

it includes social, economic, political, technological, and environmental forces that may influence an organization, an industry, or an entity.

Answer 6

Environmental scanning - external environment

Question 7

it covers competitors, suppliers, customers, stakeholders, culture, and the government.

Answer 7

Environmental scanning - competitive environment

Question 8

Scanning the environment involves two processes:

Answer 8

1. looking at or simply viewing information
2. looking for or searching for information

Question 9

The individual is exposed to information with no specific informational need in mind.

Answer 9

Undirected Viewing

Question 10

The sources of information are wide-ranging and large chunks of information are quickly dropped from the individual’s attention.

Answer 10

Undirected Viewing

Question 11

The individual directs viewing of information to specified facts and data to be able to assess their general impact on the organization.

Answer 11

Conditioned Viewing

Question 12

It is not an active search but a mere viewing of information.

Answer 12

Conditioned Viewing

Question 13

facts and data to achieve mission amd vision

Answer 13

strategic information

Question 14

This essentially involves a relatively unstructured effort where the objective is to gather Information to expound on the issue.

Answer 14

Informal Search

Question 15

The effort exerted by the individual is deliberate and planned.

Answer 15

Formal Search

Question 16

The search is both focused and Structured and the research methodology is clearly enumerated and followed.

Answer 16

Formal Search

Question 17

is a structured assessmerit toal used to evaluate an organization, industry, a place, or even a person in terms of set parameters like strengths, opportunities, and threats. weaknesses

Answer 17

SWOT Matrix Analysis

Question 18

It classifies strengths and weaknesses as internal dynamics characterizing an organization and threats and opportunities as external influences to the organization.

Answer 18

SWOT Matrix Analysis

Question 19

are features that organizations possess, thus, giving it significant advantage over others.

Answer 19

Strengths

Question 20

are characteristics that place organizations at a disadvantage relative to others. These may just be limitations or vulnerabilities of organizations.

Answer 20

Weaknesses

Question 21

are possibilities in the external environment that organizations can exploit to their advantage.

Answer 21

Opportunities

Question 22

are challenges in the external environment that can cause problems to organizations.

Answer 22

threats

Question 23

it presents varying forces that influence organizational direction and strategic decision-making.

Answer 23

external environment

Question 24

The confluence of these forces can present themselves as threats and challenges to organisation.

Answer 24

external environment