BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Environmental scanning
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Environmental monitoring
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Environmental surveying
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Competitive intelligence
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Detailed explanation-1: -Competitive intelligenceEnvironmental monitoring tracks the evolution of environmental trends, sequences of events, or streams ofactivities. Monitoring enables firms to evaluate how dramatically environmental trends are changing thecompetitive landscape.
Detailed explanation-2: -Environmental Monitoring: a firm’s analysis of the external environment that tracks the evolution of environmental trends, sequence of events, or streams of activities.
Detailed explanation-3: –Environmental monitoring tracks the evolution of environmental trends, sequences of events, or streams of activities. Monitoring enables firms to evaluate how dramatically environmental trends are changing the competitive landscape.
Detailed explanation-4: -Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions.
Detailed explanation-5: -Environmental Analysis The process of assessing and interpreting the information gathered through environmental scanning.