Environmental Forces & Scanning

Question 1

process of continuosly collect & analyzes information about an organization to identify potential opportunities, threat & trends

Answer 1

Environmental Scanning

Question 2

refer to the various external factors that can influence an organization performance, strategies & decisions

Answer 2

Environmental Forces

Question 3

factors like inflation rates, economic growth & unemployment level.

Answer 3

Economic Forces

Question 4

goverment policies, regulations & political stability fall into this category

Answer 4

Political & Legal Forces

Question 5

Societal attitudes, values, demographic & cultural norms.

Answer 5

Social & Cultural Forces

Question 6

Advances in technology can create opportunities for innovation & efficiency can also pose threats

Answer 6

Technological Forces