environmental scanning


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environmental scanning

the monitoring by a firm of the general (macro) environment and its more immediate market environments in order to identify those factors likely to have a significant impact on its business position and viability. See PEST, SWOT ANALYSIS, COMPETITIVE STRATEGY, BUSINESS POLICY.
References in periodicals archive ?
Drawing on the power of predictive models to create simplicity from complexity, this business handbook introduces environmental scanning as a tool for creating an intuitive approach and macro window into future market trends, interactive dashboards for viewing what is happening in markets and organizations, and scenario planning for considering consequential strategies against a broad range of possibilities.
a) Strategic planning, in practice, often gives short-shrift to environmental scanning or neglects it altogether; and,
It's the environmental scanning section that we need to look into.
Using culinary education as an example, this article reviews visionary leadership and introduces two tools for strategic planners: environmental scanning and scenario planning.
THIS ARTICLE IS THE FIRST IN A SERIES describing the locally developed, customized environmental scanning process that was followed at the University of Southern Indiana (USI) in Evansville, Indiana.
For Hambrick (1983) and Hagen and Amim (1995), a way to avoid being taken by surprise by environmental changes is the environmental scanning, which consists in an essential process of organizational management, enabling managers to spot environmental changes and the strategies adopted by their competitors.
Information gathered through this engaged can be collated by using an environmental scanning process to feed back issues to the board.
At last year's House of Delegates, under the leadership of President Linda Fanning, members experienced the opportunity to participate in environmental scanning through focus groups.
An important means for law enforcement in combatting such crime is strategic early warning which is heavily depending on an efficient and effective environmental scanning.
Finally, one of the major and important tasks of a manager is the environmental scanning to acquire information and use it to determine the role of the library in its environment, its influence and image, and the services it provides.
The high-performance platform can be configured with the company's low vacuum capabilities and even environmental scanning electron microscopy (ESEM) for in situ analysis.
Although these studies exemplify the positive outcomes associated with environmental scanning there is little understanding of how decision makers work among others to effectively scan information for opportunities and threats.

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