When an organization monitors demographic and labour market trends as well as technological and IT changes, it is most likely performing which of the following?
A) a competitive environment scan
B) an environment scan
C) a strategic plan
D) a labour market scan

Question

Quizplus · Accepted Answer

Monitoring demographic and labour market trends as well as technological and IT changes is a part of environment scanning. Option A is incorrect because competitive environment scanning solely focuses on analyzing the competition. Option C is incorrect because a strategic plan involves creating a plan for achieving goals, whereas environmental scanning may be a part of that process but is not the plan itself. Option D is incorrect because while it is a type of environmental scanning, it only focuses on one aspect (labour market) and not the full range of factors mentioned in the question.

When an Organization Monitors Demographic and Labour Market Trends as Well