Fahey and Narayanan (1986) Suggest a Number of Goals for an Analysis

question 20

Multiple Choice

Fahey and Narayanan (1986) suggest a number of goals for an analysis of the general environment. These include: Please select all that apply.

• A) To understand current and potential environmental changes
• B) To provide useful information for decision makers
• C) To foster a culture of strategic thinking from being aware of the environment
• D) To predict the future so that the organization can pre-empt the changes

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Definitions:

Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit.

Entrepreneurship

The process of designing, launching, and running a new business or enterprise, particularly one that is characterized by innovation and risk.

Physical Facilities

The buildings, spaces, and related equipment owned or leased by an organization to support its operations.

Capital

Financial resources or assets owned by an individual or organization, used for investment, production, or other economic purposes.