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73 Cards in this Set
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Is the study and interpretation of the force existing external and internal environment |
Environmental scanning |
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Include social .economic. political. technological. and environmental force that may influence an organization industry or any entity |
External environment |
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Is carefully monitoring the surroundings with the end goal of ascertaining early indication of prospects and challenge that may influence the organization's present and the future plans |
Environmental scanning |
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Refers to the expertise insight and wisdom process by an entity |
Organizational intelligence |
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Environmental scanning is dependent on the following |
*The speed of the organization to conduct scanning *the present and availability of complete information *the physical and financial capability to do so |
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It consists of the facts and data used by organization to assist them in achieving their vision mission and goals |
Strategic information |
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Are gathered through personal experience observation and experimentation |
Primary data |
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Our data collected from reports internet source and another published materials |
Secondary data |
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Modes of environmental scanning |
*Undirected viewing *conditioned viewing *informal search *formal search |
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The individual is exposed to information with no specific information need in mind |
Undirected viewing |
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The individual direct viewing of information to a specified facts and data to be able to access their general impact on organization |
Conditioned viewing |
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The individual actively looks for information to increase knowledge of a particular issue |
Formal search |
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The effort exerted by the individual is deliberate and planned the search is both of focused and structured and research methodology is clearly enumerated and followed |
Formal search |
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Is a structured assessment tool used to evaluate organizations industry a place or even person in terms of set parameters like a strength. weakness opportunities. and threats. |
Swot matrix |
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Who classified SWOT matrix |
Albert humphrey (1960) |
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Our futures that organization possess thus giving it is significant advantage of over others |
Strengths |
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Are characteristic that place organization at a disadvantage relative to others and mages be limitation or vulnerabilities of organization |
Weaknesses |
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Are possibilities in the external environment that organization can exploit to their advantage |
Opportunities |
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Are challenge in the external environment that can cause problems to organizations |
Threats |
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Who suggest action for issue arising from the swot analysis according to four different categories |
Humphrey's 2x2 matrix model (2005) |
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Matrix model 2005 suggests action for issues arising from the swot analysis according to four different categories. The recommended partial and direct action are presented in |
Table 2.1 |
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Forces that influence organizational direction and strategic decision-making and external environment |
*Social forces political forces * technological forces *economic forces *environmental forces |
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Analysis of the external environment is referred to as PEST |
PEST political economical social technological analysis |
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Refers to important issue that are characteristic of global and local societies |
Social forces |
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Consists of individuals families and communities including their beliefs aspiration tradition and practices |
Society |
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Critical social concern or societal factors they have for social forces |
*Changing social structures * aging population / demand for health services * sophisticated lifestyles of people *cross cultural diversity |
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Refers to the network optional institution that includes the family and the community |
Social structure |
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Are individuals born in the 1940s |
Baby boomers |
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There are more maturing and aging individual today like inverted triangle the baby boomer are greater in number |
Aging population demand for health services |
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Compared to the past the lifestyle of people today have romantically change to their way to looking at them the people around taking a deeper and wider perspective. Their lives are career their values attitude philosophies and expectation have have unique |
Sophisticated lifestyle of people |
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Issues that have become focus of major political power |
Geopolitical issue |
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Similarly the global community is getting figuratively smaller workplace shipping and people global community either working or migrating for every part of the world result cross-culture diversity has become important organizational issue |
Cross cultural diversity |
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Issues in political forces |
*Political independence/ changing governments *terrorism/suicide bombings *chemical and nuclear threats * global alliance |
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Are the main determinants of global support |
Global ideologies |
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The main ingredients of global leadership |
Global power |
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The social environment can be better understood and analyzed in terms of broad social structure |
Changing social structure |
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There are more mature aging individual today |
Aging population and demand for health service |
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The lifestyle of people today have dramatically changed their way of looking at themselves the people around them their lives and career and their values attitudes philosophies and expectation have taken deeper and wider perspective |
Sophisticated lifestyle of people |
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The global community is getting figuratively smaller workplace are shipping & people in the global community or either working or migrating to every part of the world |
Cross cultural diversity |
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Political sustainability has become the focus and concentration of develop and power driven countries * they fight wars to attain and maintain political supremacy |
Political independence/ changing government |
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The bloody painful transition toward equality of basic human right to a better life have brought about critical security problem .. like terrorism kidnapping and suicide bombing |
Terrorism/ suicide bombings |
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Some countries go on developing and productive weapons with the intention of blackmailing and or imitating other countries the spread of deadly chemical viruses and other form of microorganism most dangerous effect |
Chemical and nuclear threats |
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Politically nation are aligning themselves for self-preservation and more global stability and strength. |
Global alliances |
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No nation attempts to stand alone because global relationship are essential to nation survival . -European nations have bonded themselves as the european union. the same is true with asian countries |
Global alliances |
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7 issues economic forces |
*Globalization * competitors and supplier * fall of financially stable organizations * increasing oil prices *economic trade agreements *emerging markets *rise of china |
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Realities have concomitantly come to the forefront |
Economic |
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This is one major determines of competition it can be viewed from 4 perspective; * produt *people * ideas *money |
Globalization |
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Aggressive competitors and creative supplier compete to get a larger slice of the market but energizing the industry and business environment: pricing quality and differentiation and innovation are usual criteria of business success |
Competitors and supplier |
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The last few years so the downfall of a number of financial success organization that we're managed by respectable and competent president and chief executive officer Few example of the more widely talked about financial catastrophes |
Fall of financially stable organization |
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Characterized by none predict ability in price and productions organization using oil and any of its derivative product find difficulty in projecting cost of profit figures |
Increasing oil prices |
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Bilateral and multilateral economic treaties between and among economic global partners provide trade priorities and prevaleges. allowing local products to each other market . example: of these products are clothes furniture bananas handicraft and and human resources |
Economic trade agreements |
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WTO |
World trade organization |
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AFTA |
Asian Free Trade Agreement |
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NAFTA |
North american free trade agreement |
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APEC |
Asian pacific economy corporation |
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Closely interrelated to the political social and economic growth and development of a country is ____ of different market. Developing and underdeveloped countries are economic markets with unique needs wants demand and distinct rates and peculiarities |
Emerging markets |
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One of the most potent economic markets in the world today is china |
Rise of china |
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Year when information on technology began its journey toward radical communication and technology growth |
1980 |
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Technological forces |
Communication technology * computer integrated business * e-banking *e-learning digital medicine *e-security |
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Communication technology saw proliferation of mobile phones .popularity of text messaging convenience of sending fax message. usefulness of cctv cameras for surveillance and simple monitoring and benefits of video conferencing among others.. Impact impact of this change in area of the negation technology cannot be over emphasized |
Communication technology |
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computer-aided manufacturing mix production more efficient computer-aided design is result in concise outputs while telecommunication technology makes physically distance immaterial product innovation is easy to create. product development is relatively shorter and less cumbersome but more chalengging |
Computer integrated business |
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ERP |
Enterprise resource planning |
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Banking transaction like deposit withdrawal and payment can be done online now a day |
E-banking |
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Is learning from home. the office. while on vacation or from any place outside the for wall of a classroom |
E learning |
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Scientist conduct stem cell research from leftover human and embryos.. with the hope of curing illnesses like diabetes .perkinston disease. and spinal cord within this days computer guided robots perform surgical procedure using android surgical operation and more precise cheaper and less time consuming |
Digital medicine |
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Scientist conduct stem cell research from leftover human and embryos.. with the hope of curing illnesses like diabetes .perkinston disease. and spinal cord within this days computer guided robots perform surgical procedure using android surgical operation and more precise cheaper and less time consuming |
Digital medicine |
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Security is another vital global issue |
E security |
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Environmental forces |
*Climate change/use of biodegradable materials * environmental waste management *preservation of rainforest and marine life |
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The effects of environment degradation . malpractices neglect and indifference are critical and serious.. global warning has caused country; weather change. heat stroke earthquakes volcanic eruption drought forest fire |
Climate change /use of biodegrable materials |
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Mismanaged disposal of toxic waste result in the occurrence of serious and effective teachers illnesses lack of clean water contributes to and healthy living and genic surrounding our i sarswela queenless products robby and citizen to our health hazard other example dynamite is destroying marine life distributing seabed and killing aquatic plants and coral air pollution cause increasing incidence of disease |
Environmental waste management |
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How continuous depression and denudation of forest explain why torrential rains are more destructive and intense now a day they result in damage to properties in danger to human lives |
Preservation of rainforests and marine life |
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Strategies by jeffrey beso |
*Consumer obsession * ownership *invert and simplify *deliver results *Insist on the highest standard |
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Types of alliances |
1 joint ventures 2 equity strategic alliance 3 non equity alliance |
