Environmental Forces & Scanning Flashcards
1
Q
process of continuosly collect & analyzes information about an organization to identify potential opportunities, threat & trends
A
Environmental Scanning
2
Q
refer to the various external factors that can influence an organization performance, strategies & decisions
A
Environmental Forces
3
Q
factors like inflation rates, economic growth & unemployment level.
A
Economic Forces
4
Q
goverment policies, regulations & political stability fall into this category
A
Political & Legal Forces
5
Q
Societal attitudes, values, demographic & cultural norms.
A
Social & Cultural Forces
6
Q
Advances in technology can create opportunities for innovation & efficiency can also pose threats
A
Technological Forces
