Environmental Scanning - Explained
What is Environmental Scanning?
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- Professionalism & Career Development
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Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is Environmental Scanning?
Environmental scanning is done to identify potential environmental uncertainty. More specifically, it concerns scanning the immediate environment for environmental contingencies facing the organization. Planners use this information to forecast future conditions. Environmental scanning often involves the search for Competitor Intelligence used to anticipate competitor actions. It also entails using business intelligence to make data-driven decisions. Tools for environmental scanning are those that produce any form of relative qualitative or quantitative information.