Impact of Current State of the Economy on Environmental Scan

Impact of Current State of the Economy on Environmental Scan

Write a 500-750-word essay that discusses how the current state of the economy will impact completing an environmental scan.

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In any organization, conducting and environmental scan is important since it allows the company to track some of the changes that are taking place before a given endeavor or project is undertaken. It refers to activities that allow the organization to gather information about the external business environment and how some of the present aspects may affect the organizational projects or strategic goals that are being pursued (Albrecht, 2015). Some of the aspects in the external environment that are scanned include the social, regulatory, competitive, technological, and economic factors that are present in the market.In any organization, conducting and environmental scan is important since it allows the company to track some of the changes that are taking place before a given endeavor or project is undertaken. It refers to activities that allow the organization to gather information about the external business environment and how some of the present aspects may affect the organizational projects or strategic goals that are being pursued (Albrecht, 2015). Some of the aspects in the external environment that are scanned include the social, regulatory, competitive, technological, and economic factors that are present in the market………….

APA 592 words