environmental scanning

Examples of environmental scanning in the following topics:

• Combining Internal and External Analyses

  • Environmental scanning focuses mainly on the macro-environment of a business.
  • The ability to change depends on the ability to scan the environment, evaluate markets, and quickly accomplish reconfiguration and transformation ahead of the competition.

• Competitive Dynamics

  • As a result, traditional environmental scanning places many firms at risk of dangerous competitive "blind spots" due to a lack of robust competitor analysis.

• Types of Social Responsibility: Ecocentric Management

  • According to the ecocentric model of CSR, environmental protection and sustainability are more important than economic or social benefits.
  • "Deep" ecology is a form of environmentalism that seeks to protect and improve the quality of the natural environment.
  • It values environmental good above economic or even social benefits.
  • In this way, the ecocentric approach contrasts with that of a more traditional CSR environmental sustainability, which seeks to maintain economic performance while reducing the impact of those products or making parallel investments in alternatives.
  • The more environmentally harmful stages can be identified and targeted for improvement so that every part of the value chain demonstrates the paramount importance of ecocentric CSR.

• Types of Social Responsibility: Sustainability

  • One type of corporate social responsibility focuses on three key dimensions of sustainability—environmental, social, and economic.
  • Many efforts to show corporate social responsibility, or CSR, focus on environmental, social, and economic sustainability.
  • Environmental sustainability involves efforts to protect air, water, and land from any harmful effects.
  • Energy is another area of interest in environmental sustainability.
  • This means companies' operational practices reduce environmental damage and resource depletion.

• Social Responsibility Audits

  • This type of accounting originated in the early 1990s and is known by various names, including social accounting, sustainability accounting, CSR reporting, environmental and social governance (ESG) reporting, and triple-bottom-line accounting (encompassing social and environmental as well as financial reporting).
  • Social accounting is the process of communicating the social and environmental effects of an organization's economic actions to particular interest groups within society—including investors, customers, and NGOs—as well as to society at large.
  • In consequence, most social, environmental, and sustainability reports are produced voluntarily by corporations themselves and are not held to the same legal standards as financial reporting, for example.
  • Environmental-related accounting might address pollution emissions, resources used, or wildlife habitats damaged or re-established.

• Project Management Inventory

  • In the 1990s, QR codes were used for rapid component scanning linked to computer data systems to paint clear pictures of inventory process flows.
  • Bar Codes - Like QR codes, bar codes are used to scan inventory information into a computer data system.
  • When you purchase an item at a store, the bar code is scanned so that the manufacturer's inventory system can remove that item from their list of inventoried goods (transferring it to the income statement as revenue).

• Arguments for and against Corporate Social Responsibility

  • Proponents of CSR argue that socially responsible practices can have a positive impact on the organization by improving employee recruitment and retention, managing environmental risks by reducing harmful accidents, and differentiating brand to achieve greater consumer loyalty.
  • CSR proponents may also argue for the recognition of a "triple bottom line" performance that includes not only financial returns for owners but also social and environmental benefits for the greater society.
  • For example, the term greenwashing refers to instances where businesses have spent significantly more resources advertising being "green" (that is, operating with consideration for the environment) than investing in the environmentally sound practices themselves.
  • CSR refers to the practice of companies integrating ethical, social, environmental, and other global issues into their business operations and in their interaction with their stakeholders (employees, customers, shareholders, investors, local communities, government).

• PESTEL: A Framework for Considering Challenges

  • Encompassing a macro-environmental perspective, these factors can be effectively summarized with the acronym PESTEL.
  • PESTEL stands for the political, economic, social, technological, environmental, and legal influences a businesses encounters as it pursues its objectives.
  • Political factors affecting business specifically revolve around taxes, import and export tariffs, environmental and labor laws, potential subsidies, and the stability of a given operational region.
  • The social movement of living "green" is another example of this kind of macro-environmental opportunity or potential threat.
  • The impact of business upon the environment is a growing concern, and companies must consider both the social and political segments of PESTEL in conjunction with environmental factors.

• Technical Skills of Successful Managers

  • A mechanic, meanwhile, needs to be able to deconstruct and reconstruct an engine, to employ various machinery (lifts, computer scanning equipment, etc.), and to install a muffler.

• The PESTEL and SCP Frameworks

  • A PESTEL analysis looks at the six most common macro-environmental factors to understand their interactions.
  • Environmental factors include ecological and environmental aspects such as weather, climate, and climate change.