The Systematic,regular Monitoring of Major External Forces Influencing an Organization

question 27

Multiple Choice

The systematic,regular monitoring of major external forces influencing an organization is called:

• A)demand forecasting.
• B)environmental scanning.
• C)exception reporting.
• D)influence analysis.

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Definitions:

Entrepreneurial Firms

Companies that pursue opportunities, innovation, and value creation, often in the face of risk or uncertainty.

Business Operation

The day-to-day activities and tasks necessary for a company to function and achieve its business objectives.

Life Cycle

Describes the series of phases that a product, organization, or system goes through from initial conception to its eventual decline.

Entrepreneurial Firms

Companies that engage in significant innovations, undertake considerable risk, and aggressively pursue opportunities, typically in a quest to grow.