Anonymous

What Is Environmental Scanning?

8 Answers

Nouman Umar Profile
Nouman Umar answered
The gathering of large amount of information to measure and study the changes in the environment is called environmental scanning. The environment scanning is taken into business scenario. It is very important for any business to get the latest information about the environment to keep his business steady and stable. In large and small organization the environmental scanning is must. The environmental scanning as the point of business is the businesses have to look what is going around them whether the market is saturating, is there need for product innovation.

The benefits to environmental scanning for the businesses are that they can uncover many issues that has an affect on the organizations mission and goals. They might use it to increase their profits ratio. One of the motive could be for the environmental scanning is that they can know that whether the market is going as they expected it. One of the latest methods for the environmental scanning which are frequently used by the companies is the computer intelligence. By using these processes the businesses get information about their rivals. So this is very latest technological way for keeping eye on your business. Many of the third party services who provide this to other companies are doing environmental scanning.
Lily James Profile
Lily James answered
Environmental Scanning is a process of gathering, analyzing and distributing information for strategic purposes. The scanning process entails factual as well as subjective information on the environments where the company performs or wants to enter.

There are 3 ways of doing it:
  • Ad-hoc scanning (infrequent examinations)
  • Regular scanning (every month or every year)
  • Continuous scanning (everyday, every week)
Anonymous Profile
Anonymous answered
Environment scanning is a process of getting information from enternal and xeternal enviorment
Anonymous Profile
Anonymous answered
It is a process of studying the external environment( Socio-Political, Legal, Economic, Technology) to fromulate the new strategy of business to meet changing needs of buyers.
Anonymous Profile
Anonymous answered
Explain when to do environmental scanning
Anonymous Profile
Anonymous answered
Environment scanning is a process gathering ,analyzing,&dispensing information for tactical or strategic purposes.

Answer Question

Anonymous