Business environment and strategic management BBS 3rd year
business environment questions and answers pdf
Business environment and Strategic management Old is Gold
Introduction to business environment
Brief Answer Questions:
1. What is concentrated environment scanning?
The environment scanning which is carried out by gathering all the information's relation to financial planning, marketing, R&D both by internally and externally is said to be concentrated environment scanning.
2.What is environment scanning?
Environmental scanning is a strategic management tool used to gather and analyze the information about an organization's external environment. The external environment includes factors outside of the organization's control such as economic, political, social, and technological factors, as well as competition and regulatory issues.
BBS 3rd year Question paper
3. Define Environment.
Environment is a set of external forces and conditions that impact organizations and their ability to achieve their goals.
4. What do you mean by general Environment?
General environment, also known as the macro environment refers to the external factors and conditions that affect all organizations, regardless of their size or industry. These factors are often beyond the control of individual organizations and can include political, economic, social, technological, legal and environmental factors (PESTLE).
5. Define task environment.
The task environment, also known as the specific environment, refers to the external factors (customers, suppliers, medias) and conditions that directly affect an organization's operations and performance in a specific industry or market.
6. Enlist the components of business environment.
Business environment is mainly classified into internal and external environment components.
7. Explain any one method of environmental scanning.
Centralized Scanning: The scanning process in which some specific environmental components are only analyzed then it is termed as centralized scanning. Under this the important components which are most likely to have impact on the organizational goals are only analyzed. Example : If economic conditions are only studied then it is termed as centralized scanning.
8. Enlist the environment scanning process.
- Study the force and nature of the environment.
- Determine the source of information
- Determine the technique of environmental scanning
- Scan and assess the trend
9. Write with example about comprehensive environment scanning.
Comprehensive environment scanning is a thorough and systematic process of gathering and analyzing information about the external as well as internal environment to identify the potential opportunities and threats for an organization. In this scanning all the components are analyzed in a detailed way. Example : A company that want to expand its operation to a new branch have to conduct comprehensive environment scanning
10. Write about approaches to environmental scanning.
The approaches to environmental scanning are:
- Systematic approach
- Processed form approach
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