INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
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Businesses often conduct environmental scans to determine if they should
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Make staffing adjustments
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Expand into other markets
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Follow government regulations
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Improve their computer systems
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Explanation:
Detailed explanation-1: -An Environmental Scan is the identification and monitoring of factors from both inside and outside the organization that may impact the long-term viability of the organization. During this step you are essentially attempting to develop the “big picture”. Areas of. Environmental Scan.
Detailed explanation-2: -Environmental scanning is the ongoing tracking of trends and occurrences in an organization’s internal and external environment that bear on its success, currently and in the future. The results are extremely useful in shaping goals and strategies.
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