What Are the Most Important Factors to Consider When Scanning

question 3

Multiple Choice

What are the most important factors to consider when scanning the environment in strategic planning?

• A) the competition, customers, rival firms, new entrants, substitutes, suppliers, and external labour supply
• B) the competition, the global landscape, rival firms, new entrants, substitutes, suppliers, and external labour supply
• C) the competition, the global landscape, rival firms, new entrants, the business context, suppliers, and external labour supply
• D) the competition, customers, rival firms, the workforce, substitutes, suppliers, and external labour supply

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Definitions:

Desired Performance

A target level of performance set by an individual or organization to achieve specific goals.

Actual Performance

The real, observed outcomes of a person's work or the execution of a specific task.

Time And Motion Studies

Analytical techniques used to optimize work processes and increase efficiency.

Corrective Action

Measures taken to rectify a fault or error, or to address a detected non-compliance with standards or expectations.