Define the Following Terms

question 41

Short Answer

Define the following terms
-concept cluster

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Definitions:

Environmental Scanning

The process of systematically collecting information about external influences and trends to identify opportunities and threats for strategic planning.

Environmental Intelligence

The gathering and analysis of data regarding the environment, used to guide business or policy decisions in a sustainable direction.

Competitive Scanning

The process of monitoring and analyzing the competitive environment to identify opportunities and threats.

Internal Competency Analysis

An evaluation process within an organization to identify and assess the strengths and weaknesses of its workforce’s skills and capabilities.