Hi-Performer Sporting Equipment managers engage in an annual organizational assessment, trying to predict industry changes as well as possible opportunities and threats. They look at issues, such as who their competitors are, current entry barriers, and what substitutes exist for their products. This assessment is called _____.
A)scenario development
B)forecasting
C)benchmarking
D)environmental scanning
E)strategic maneuvering

Question

Quizplus · Accepted Answer

Environmental scanning means both searching out information that is unavailable to most people and sorting through that information to interpret what is important and what is not. Managers ask questions such as these: "Who are our current competitors?" "Are there few or many entry barriers to our industry?" and "What substitutes exist for our product or service?"

Hi-Performer Sporting Equipment Managers Engage in an Annual Organizational Assessment