Mangement Discuss the role of environmental scanning and trend analysis in long-term strategig planning for businesses
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Mangement
Discuss the role of environmental scanning and trend analysis in long-term strategig planning for businesses.
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- Explain,, what role does environmental scanning and analysis play in the planning process?What is the significance of environmental scanning and SWOT analysis in the planning process? How do these tools aid in strategic planning?Construct a SWOT analysis for a new healthy juice product. Ensure to clearly list out the various strenthgths, weaknesses, opportunities and threats as it relates to launching a new healthy juice.
- How would you define business intelligence (BI)? Identify and briefly discuss a real-world application of BI that you recently experienced.What is strategic monitoring and what is involved in this process? Describe the different events that might be identified through the creation of a strategic monitoring plan.Describe what is meant by the Business Analyst role being both tactical and strategic.
- Take an organization of your choice and and give a brief description concerning: i. what it produces or sells ii. the industry it belongs to iii. the sector of the economy it belongs to iv. the government regulators in the sector 1. Conduct an environmental analysis for that organization i. Scan the organization's environment and identify at least 10 factors that affect the survival of the organization. ii. Monitor those factors (may be actual or based on assumed changes) iii. Forecast those factors into the next three years (assume how the factors will change in the next three years) iv. Do an assessment of the effects of the factors on the organization (how will those factors affect the organization in the next three veare andWhat is the best activity recommended in market analysis that is suited in a business?As a new product developer, you recently launched a new Consumer product into the market. Identify 3 key metrics that you might typically forecast when planning your product launch and then track following product launch. Why did you select these 3 metrics?