INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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your personal finances.
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demand for your business’s products.
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your competitors’ personnel.
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foreign governments.
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Detailed explanation-1: -Environmental scanning is important because it provides information on factors that will affect the organization in the future, allowing leadership to proactively respond to external impacts.
Detailed explanation-2: -Examples of environmental factors affecting business include employees, competitors, suppliers, customers’ needs, owners, government regulations, market trends, technological developments, social factors, and economic factors.
Detailed explanation-3: -Technological factors. Economic factors. Political and legal factors. Demographic factors. Social factors. Competitive factors. Global factors. Ethical factors. More items •29-Mar-2023
Detailed explanation-4: -Inform your unit planning. We use a strategic plan so our college or university can prepare for the future. Make the case for planning. Discuss the future of higher education. Support your budget requests with data. Assist in program prioritization and help develop new curricula. 11-Oct-2019