...L. (1992). Environmental scanning. In M. A. Whitely, J. D. Porter, and R. H. Fenske (Eds.), A primer for new institutional researchers (pp. 86-99). Tallahassee, Florida: The Association for Institutional Research.] Editor's Note: The Readers' Guide to Periodical Literature, published by the H.W.Wilson Company, is an index to English language periodicals of general interest available in most libraries. We consider a periodical to be readily accessible if it is indexed in the Readers' Guide. For those periodicals not included in the Readers' Guide, we provide the address and, in most cases, the phone number to guide you in your scanning. The Encyclopedia of Associations, published by Gale Research, Inc., is a guide to over 22,000 national and international organizations. Information about how to contact the organizations mentioned in this chapter is from the 1992 edition of The Encyclopedia of Associations and is available in most libraries. Publications of U.S. government agencies are indexed in the Monthly Catalog of United States Government Publications. Most publications included in the Monthly Catalog are available from The Superintendent of Documents, U.S. Government Printing Office, 732 N. Capitol St., NW, Washington, DC 20401. Information: 202/275-3648, orders and inquiries: 202/783-3238. -------------------------------------------------------------------------------- For overviews of environmental scanning, see: Aguilar, F. (1967). Scanning the business...
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...ENVIRONMENT SCANNING LOVELY PROFESSIONAL UNIVERSITY LOVELY INSTITUTE OF MANAGEMENT (LIM) © ARUN GULERIA | arun_guleria@ymail.com INDEX S.N o. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Introduction. Acknowledgement Introduction Method of Environment Scanning Environmental Scanning Cycle Particular PAGE NO. 2 3 4 6 8 9 10 14 20 23 REMAR KS Structure of Environment Scanning Importance of environment Scanning How companies Handling Environment Scanning Literature Review Factor Affecting Environment Scanning © ARUN GULERIA | arun_guleria@ymail.com ACKNOWLEDGEMENT I take this opportunity to offer my deep gratitude to all those who have extended their valued support and advice to complete this term paper. I cannot in full measure, reciprocate the kindness showed and contribution made by various persons in this endeavor. I acknowledge my sincere thanks to Miss. NAVNEET KAUR (Faculty Member) who stood by me as a pillar of strength throughout the course of work and under whose mature guidance the term paper arrives out successfully. I am grateful to his valuable suggestions. © ARUN GULERIA | arun_guleria@ymail.com ENVIRONMENTAL SCANNING Environmental scanning is a process of gathering, analyzing, and dispensing information for tactical or strategic purposes. The environmental scanning process entails obtaining both factual and subjective information on the business environments in which a company is operating or considering entering. Environmental scanning is the process...
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...‘BANK OF BHUTAN LIMITED, AN INTERNAL SCANNING STRATEGY’ CHAPTER ONE: INTRODUCTION 1.1. Introduction Bank of Bhutan Limited was incorporated by Royal Charter, 1986 and is now incorporated under the Companies Act of Kingdom of Bhutan 2000 and Financial Institution Act of Kingdom of Bhutan, 1992. The Bank was established as the public sector commercial bank until the establishment of the Royal Monetary Authority of Bhutan. Until then they served the function of central bank in the Bhutan. The Royal Monetary Authority of Bhutan is the Central Bank of Bhutan, which was established in 1982 and is responsible for the regulating the financial sector and formulating the monetary policies in Bhutan. Bank of Bhutan started with only 20 account holders and currently has about 150,000 accounts. The bank was established with a paid-up capital of Nu 2.5 million. Though the bank was established in May 1968, due to non-convertibility of the local currency the desired pace of growth could not be achieved. Consequently, in 1971, a team of banking experts from India and the representatives from Royal Government of Bhutan recommended for collaboration with the State Bank of India (SBI). SBI was identified as partner in management and share holding. Accordingly, Bank of Bhutan was reconstituted under the Royal Charter of bank of Bhutan (1972) inducting State bank of India as partner in capital (in the ratio of 60:40) and the management of Bank of Bhutan. The SBI share in Bank of Bhutan was reduced...
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... eyeglasses, dental work) Recent trends = managers must pay attention and keep up with technology Agility = ability to respond quickly to demands and opportunities. Systems approach = “whole is greater than the sum of the individual parts” Pareto principle (80-20 Rule) = few (20%) items, factors account for the share (80%) of the problems. All things not equally important, identify key factors. Ch 2 7 ways to be competitive: Price, quality, special features, flexability, delivery time, service, location. Mission statement: a clear statement of companies purpose Strategy: need to be competitive and satisfy customers. Strategy Formulation: Distinctive competencies, environmental scanning Distic competencies: special abilities that give comp edge. (ex. Price, location) Environment scanning: consider events and trends that present threats and opportunities for the organization. New stratieges: Quality based strategy, time based strategy = lean product sys Productivitity: output to input, reflects effectiveness Labor productivity: output relative to labor hours worked Multifactor/Overall productivity: output relative to combo of resources. Low productivity reasons: gov regulations, mom-pop operations, liability claims Worker...
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...IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: https://coursehomework.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: HELP@COURSEHOMEWORK.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13 points) 4. IT solution and next steps (14 points) Final Exam Course Home Work aims to provide quality study notes and tutorials to the students of IFSM 300 All Assignments with Final Exam in order to ace their studies. IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: https://coursehomework.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: HELP@COURSEHOMEWORK.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13 points) 4. IT solution and next steps (14 points) Final Exam Course Home Work aims to provide quality study notes and tutorials to the students of IFSM 300 All Assignments with Final Exam in order to ace their studies. IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: https://coursehomework.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: HELP@COURSEHOMEWORK.COM IFSM 300 ALL ASSIGNMENTS WITH...
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...Macro Environment Analysis Definition Macro environment analysis is a review of all the factors that a company is unable to control. Companies conduct this analysis to stay aware of the issue in the current business environment. A common tool for conducting a macro environment analysis is the PESTEL framework, which include factors from the political, economic, social, technological, environmental and legal aspects in the business environment. The ultimate purpose of this analysis is to create a strategy that will leverage as many of these external factors as possible to the company’s favor. The political factors of the PESTEL analysis include the current stability of the government, social welfare policies imposed upon companies, trade tariffs or regulations that restrict international business and tax policies on corporate profits. This information is quite important to businesses, as extremely difficult political situations often result in lower profits and a more inflexible business environment. A macro environment analysis may focus heavily on the political factors in countries with difficult business environments. The group of external factors for this analysis comes from the economic factors within a country. Companies are unable to control issues like the income of buyers in the market, available credit offered by banks, unemployment, interest rates and inflation found in the economic market. These factors can also affect the company, lowering purchasing power...
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...marketing capability, GNC would need to cursorily examine it’s marketing environment. (Evans, M 1988) highlights the rules and regulations, effects of governments, changes in technology and the implications of societal changes as the basis of marketing environment, which ultimately influence impinging on marketing. These forces fall within the macro environment of PESTL frame. As the name indicates, macro environmental factors are the forces prevailing in the external environment of the organisation. Macro environmental variables include political, economical, socio-cultural, technological, and legal forces, having bearing on the industry and business players (Popkin, B.M Duffey, K & Gordon Larsen, P 2005) Business firms and industries have no control over such factors and thus are bound to adapt and act in accordance with macro environmental forces in order to exist and sustain in the marketplace. Thus, these variables would be considered as a ramification to such a supplementary industry, which in this case is “GNC”. POLITICAL: Political factors are one of the major macro environmental force affecting multi vitamin industries and related business firms. It takes into account legislations, market regulations, government stability and trade agreements (Mashhadi, AM & Ijaz-Ur-Rehman, Q 2012). Australian government has formulated quite strict and confined set of regulations for companies engaged in preparing and offering vitamins, minerals, nutritional, herbs, diet, energy, and other...
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...IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: http://www.activitymode.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: SUPPORT@ACTIVITYMODE.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13 points) 4. IT solution and next steps (14 points) Final Exam Activity mode aims to provide quality study notes and tutorials to the students of IFSM 300 All Assignments with Final Exam in order to ace their studies. IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: http://www.activitymode.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: SUPPORT@ACTIVITYMODE.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13 points) 4. IT solution and next steps (14 points) Final Exam Activity mode aims to provide quality study notes and tutorials to the students of IFSM 300 All Assignments with Final Exam in order to ace their studies. IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: http://www.activitymode.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: SUPPORT@ACTIVITYMODE.COM IFSM 300 ALL ASSIGNMENTS...
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...------------------------------------------------- Strategic Management ------------------------------------------------- David Jones [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] Table of Contents Executive Summary 3 Introduction 4 Business Environment Analysis 5 Macro Environment 5 Economic Factors 6 Environmental Factors 7 Legal factors 7 Technology Factors 8 Societal values and lifestyles 8 Micro Environment 9 Bargaining Power of Suppliers 9 Bargaining Power of Customer 10 Threat New entrants 10 Rivalry firms 11 Substitute Products 11 Internal environment analysis 12 Core Competencies 12 Strategies and Implementation 14 E-commerce Strategy 14 Pricing strategy 15 Differentiating strategy 16 Location strategy 16 Challenges facing Business environment 17 Uncertainty 17 Unemployment 17 Recommendation 18 Conclusion 19 Executive Summary The purpose of this report is to identify and explain the core concepts of strategic management of a retail industry, David Jones. In conducting this research, academic journals, textbooks, David Jones’ company reports and online news are used as the sources of information. This report analyses the external environments such as macro-environment and industry environment as well as examine the internal core competencies, using PESTEL model and Porter’s Five Factors. Moreover, core strategies and their application will...
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...Environmental Scan Paper The business environment of an organization reveals much about its competitiveness and the possible influences on the success of its strategies. The focus of this paper will be an environmental scan of the internal and external environments of two real-world firms, their competitive advantages and company strategies for creating value and sustaining competitiveness, measurement guidelines for verifying strategic effectiveness and their evaluation. Internal and External Environments Environmental scanning of the internal organizational environment focuses on company culture, employee-employee, manager-employee, and manager-manager, manager-shareholder interactions, in addition to organizational structure, natural resources’ access and brand awareness, among others (Schneider, 1995, p.70). Environmental scanning of the external organizational environment focuses on the analysis of the industry/immediate environment, national, and macro-environments. Analysis of the industry environment appraises the competitive Environmental Scan Paper The business environment of an organization reveals much about its competitiveness and the possible influences on the success of its strategies. The focus of this paper will be an environmental scan of the internal and external environments of two real-world firms, their competitive advantages and company strategies for creating value and sustaining competitiveness, measurement guidelines for verifying strategic...
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...Environmental Scanning and Higher Education By Pat Artz Prepared for Professor Sue Sampson CIS 620 Management Information Systems Fall Term 2002 October 10, 2002 Table of Contents Introduction 3 Definitions 4 Strategic Planning 4 Environmental Scanning 4 Environmental Scanning in the Business World 5 Four Scanning Strategies 5 Perceived Uncertainty 5 Competitive Intelligence 6 Environmental Scanning in the Academic World 7 Why Scan? 7 Learning Organizations 7 Scanning as a Four-Step Process 8 Trends to Scan 9 Environmental Scanning at the University of Missouri System 9 Environmental Scanning at Ole Miss 10 Environmental Scanning at the Center for Information Technology, Bellevue University 11 General Attitudes Toward Scanning 11 Sources Being Scanned 11 Interview with Director Creagan 12 Conclusions and Recommendations 14 Conclusions 14 Recommendations 15 Bibliography 16 Introduction Environmental scanning is a tool used by strategic planners in the business and academic worlds. However, these terms often meet with a blank stare when presented to people outside of senior management. What is strategic planning? What is environmental scanning? How do businesses and universities use these tools? Is environmental scanning a tool that can be used more effectively at universities? These questions will be investigated, with specific attention on the role of environmental scanning at the...
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...Douglas Brownlie Department of Stirling, UK Organizing for Environmental Scanning: Reformations Enmrontnental scanning is one of the cornerstones of strategic marketing. A plethora of normative literature argues that it plays u key role in bringing information about the external environment to the attention of decision-makers in order that they can make better informed decisions. This literature also provides a rich source of ideas about how to go about environmental scanning, particularly dealing with the collection of data and the various techniques that can be used to analyse that data. Yet, empirical findings point strongly to the view that the low deeds of environmental scanning practice, diverge in some important respects from the high-minded prescriptions of the normative literature. Various explanations can be put forward for this. This paper considers those explanations. Specifically ii explores the assumptions and premises about the constructs of organization and environment which inform the strategic marketing literature. It argues the case for alternative images of organization and environment. And on the basis of this, proposes the concept of Marketing, University of O r t h o c l o x i e S a n d writerly environment scanning, embedding environmental scanning in broader political and cultural processes both within and Tvithaut the organization. Introduction Although environmental scanning has its origins as a methodology in thefieldof strategic management...
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...Environmental Scanning Desmond Meade University of Phoenix MGT/498 Crystal Tart August 1, 2011 This paper will provide information on The Coffee Bean and Starbucks environmental scanning. Starbucks and The Coffee Bean are two of the most successful companies in there industry. They both provide some best coffee and tea to coffee drinkers. Both companies provide a very relaxing and classy environment for their clients to enjoy the smooth taste of their product. The Starbucks rich bold flavor was establish in Seattle WA. In 1971, while The Coffee Bean was establish in California in 1963. Environmental scanning is the process of which an organization uses to analyze and evaluate external and internal factors that affects their organization. When conducted effectively environmental scanning can help an organization understand whether or not the company is on right path to long term success. Environmental scanning also helps organization indentify the right skills and resources for each department within their company. The environmental scanning process requires a strategic strategy by management that includes the implementation of the SWOT the analysis. A detailed environmental analysis includes several factors: an evaluation of external and internal activities, understanding the latest and future business trends and identifying employees’ skills and knowledge to help the company to achieve its goals. The external factors for Starbucks and The Coffee Bean are very...
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...Organizational Change Paper MGT/380 November 26, 2012 Dr. Addisu Mengesha Organizational Change Paper In any institution, from profit to nonprofit organization change occurs when a company transitions from its current state to a different or desired future state. It is challenging, for businesses to accept these changes within their organization. According to BusinessDictionary.com, the definitions or organizational change is as follow “Company or organization going through a transformation. Organization change occurs when business strategies or major sections of an organization are altered. Also known as reorganization, restructuring and turnaround” (BusinessDictionary.com, 2012). This paper will describe the factors that drive organizational change. Additionally, the paper will cover certain catalysts such as drop in sale, death of a chief executive officer and mergers or acquisitions, which contribute to changes within an organization. Factors that drive organizational change In today’s current global competition, it is necessary for organizations to remain competitive when it comes to their organizational change. Two factors play a big role in today’s organizational change, which is globalization and technology. In the world of technology consumers look for convenience, and wants result. Internet, cell phones and social media have increased customers reach beyond humankind could imagine. Changes could occur in a matter of a second in an organization, therefore...
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...Why Is Environmental Scanning Important? All organizations need to monitor at some level what goes on in their environments and recognize their strengths and weaknesses in relation to it. The importance of environmental information depends on the degree to which the success of the organization itself depends on its environment. In the business literature, this dependency of the organization on its environment is referred to as perceived environmental uncertainty (PEU). Gordon and Narayanan (1984) identified factors that determine PEU. These factors include the nature of the society, economic stability, legal stability, political constraints, the nature of the industry, the customer base and the nature of the organization. While PEU varies from industry to industry, the level of recognition of the importance of the environment also varies from company to company, as does the reaction of companies to their environment. Khandwalla (1977) identifies three possible relationships between organizations and their environments: Dominant organization/dominated environment Dominant environment/dominated organization Symbiotic relationship – neither the environment nor the company dominates. The relationship between an organization and its environment depends upon the internal strengths and weaknesses of the company, which means that an opportunity for one company will be viewed as a threat to another company, depending on how well each is positioned to deal...
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