A senior manager in an organization asks you to describe the most important way for an organization to acquire or create new knowledge.How would you respond?
A) brainstorming with internal and external partners
B) scanning the environment by leveraging internal and external means
C) benchmarking competitors for best practices and adopting them
D) using scenario forecasting to develop plans to deal with internal changes

Question

Quizplus · Accepted Answer

Scanning the environment by leveraging internal and external means is the most important way for an organization to acquire or create new knowledge. By gathering information on trends, emerging technologies, and best practices, the organization can identify opportunities and threats and develop strategies to stay competitive. This process can involve analyzing internal data, interacting with customers and suppliers, monitoring industry publications and websites, attending conferences and events, and conducting market research. Brainstorming, benchmarking, and scenario forecasting can also be useful methods, but they primarily focus on generating ideas, comparing performance, and planning for the future rather than acquiring new knowledge.

A Senior Manager in an Organization Asks You to Describe