ENTREPRENEURSHIP

Detailed explanation-1: -Environmental scanning is sometimes called environmental. Analysis. A main reason that environmental scanning is important is so that businesses can be aware of. Potential threats. A business cannot control its.

Detailed explanation-2: -SWOT Analysis-SWOT analysis is an acronym for Strengths, Weaknesses, opportunities and threats analysis of the environment. Strengths and weaknesses are considered as internal factors whereas opportunities and threats are external factors.

Detailed explanation-3: -An environmental analysis, also called an environmental scan, is a strategic tool used to identify and assess all external and internal elements in a business environment. It examines organizational and industry factors that can positively or negatively affect the business.

Detailed explanation-4: -Environmental scanning meaning is the gathering of information from an organizations internal and external environments, and careful monitoring of these environments to identify future threats and opportunities. It is the analyses of all factors that may affect the future of the organization.

Detailed explanation-5: -External analysis, also called environmental analysis, is the process by which businesses objectively assess the changes in their industry and the broader world that could affect their current business operations. Companies do this to ensure they can adapt to changes and continue to succeed within an industry.