This paper looks at the concept of environmental scanning, a tool used to forecast future opportunities thereby allowing an organization to take advantage of them when they occur.
Written in 2002; 2,261 words; 7 sources; MLA; $ 70.95
Paper Summary:
Scanning is evaluated by managers and executives who have used it as a positive tool. The writer shows how small businesses can benefit from the use of scanning. The paper looks at situations in which a company has a chance to improve its strategic position by taking a specific, out of the ordinary, action. These actions are made possible by the use of scanning.
From the Paper:
"The viewpoint increasingly applied to these considerations is that an organization is an "open system": its growth and survival is dependent on the nature of the environment it faces. (Fahey, et al., pg 32) If any organization is subject to its environment, its future is tied in with factors (economic, political, technological, regulatory and sociological) which will inevitably come into play as change takes place within that environment. This is important because where opportunities exist is in those future changes."
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