Question
What is the purpose to scan the environment?

Answer

Environment is constantly changing and if you don't adapt to change, you don't endure. The organisation should gather information on changing conditions and incorporate those wherever and whenever required. Careful monitoring of external and internal environment is necessary for detecting early signs of opportunities and threats. When right information is combined with right adaptation, the organisation's future viability and growth are ensured.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

What do you understand by franchising?
Employees provident fund is applicable to which industries?
If you don't adapt, you don't endure'. Evaluate the validity of the statement.
Give a brief history of Franchising.
Which are the most commonly adopted techniques for forecasting?
Venkat and his sons were in family business. Venkat took all decisions regarding business, as being eldest in the family. Venkat was taking bad decisions and the business was suffering losses. There was a huge debt burden too. The son's were not allowed to take any decisions and even inspect the books of accounts. Venkat had to sell off his house to set off debts, whereas sons were not responsible for the debt settlement.
  1. What form of business is being followed.
  2. Highlighting the lines, give two characteristics of Joint Hindu Family Business.
What is meant by primary market? Briefly explain the concept of 'Right Issue for existing companies'?
Ayaan Manufacturing Company, a leading company of housing sector registered a turnover of 2,000 crore in 2015-16. This spectacular progress prompted the directors of the company to look out for further growth plans. The company has decided to grow externally through the process of mergers and acquisitions. You are approached by the company, as an expert on mergers and acquisitions. The directors of the company want to know the process of mergers and acquisitions. You are required to give them a brief outline of the process.
Name and explain the method of pricing in which price of a product is fixed consciously at a low level with minimal margin of profit.
It is an example of 'value addition'. Value addition means to add values to goods and services by modifying them in such a way that their utility is enhanced and a new product of greater value is created for the customers.