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An environmental scan will include regulatory forces impacting a business by way of state and federal laws that may restrict its activities.
What is the purpose of an environmental scan?
- Environmental scanning is a procedure that methodically examines and analyzes pertinent data to find external opportunities and risks that may have an impact on decisions in the future. It should be utilized as a step in the strategic planning process and is closely tied to a SWOT analysis.
- An environmental scan is the process of identifying and keeping track of external and internal variables that could have an impact on an organization's long-term viability. In essence, you are trying to create the "grand picture" during this step.
- External and internal variables both contribute to the organizational environment. The environment must be surveyed to ascertain developments and projections of aspects that may affect organizational success.
An environmental scan will include regulatory forces impacting a business by way of state and federal laws that may restrict its activities.
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