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  9. People also ask
    What is environmental analysis?
    The document discusses environmental analysis, which is a strategic tool that identifies internal and external factors that can impact an organization's performance. It involves assessing threats and opportunities from factors like political, economic, social, technological, legal, and environmental conditions.

    External environmental analysis | PPT - SlideShare

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    What is environmental analysis & forecasting?
    This document discusses environmental analysis and forecasting for businesses. It defines key terms like environment, analysis, and environmental analysis. It explains that environmental analysis scrutinizes external forces impacting a business to make managers aware of threats and opportunities.

    Unit 2 environmental analysis | PPT - SlideShare

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    What are the different approaches to environmental scanning?
    Approaches to environmental scanning include systematic, ad hoc, and using secondary data. PEST analysis examines the political, economic, sociocultural, and technological factors in an organization's macro environment. SWOT analysis identifies internal strengths and weaknesses and external opportunities and threats.

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    What are the stages of environmental analysis?
    The stages of environmental analysis are scanning, monitoring, forecasting, and assessing the environment. Scanning identifies trends, monitoring analyzes patterns, forecasting makes projections, and assessing evaluates impacts.

    Unit 2 environmental analysis | PPT - SlideShare

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    What are the key steps in environmental scanning & analysis?
    The key steps in environmental scanning and analysis include identifying factors, selecting relevant factors, defining variables, forecasting factors, and developing profiles to inform strategic decision making. The document provides information about business environment and its components.

    External environmental analysis | PPT - SlideShare

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    What factors should be considered in environmental scanning?
    Key factors to consider include trends, issues, expectations, and events in the external environment. Approaches to environmental scanning include systematic, ad hoc, and using secondary data. PEST analysis examines the political, economic, sociocultural, and technological factors in an organization's macro environment.

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