Identify Three Challenges in Environmental Scanning

question 54

Essay

Identify three challenges in environmental scanning.

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Definitions:

Collective Bargaining

The negotiation process between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Economic Pressures

External financial challenges that affect individuals, businesses, or economies, including inflation, unemployment, and market fluctuations.

Strike Vote

is a formal decision made by union members on whether to proceed with a strike action if negotiations with the employer fail to meet their demands.

Bargaining Power

The ability of a party to exert influence over another party in negotiations to obtain favorable terms.