Asked by Colton Weatherwax on Jul 19, 2024
Verified
One of Robert's roles within the company that he manages is to constantly examine what is happening in all sectors that have an impact on the industry, both within the business and outside of it. This role is referred to as ______.
A) social entrepreneurship
B) BCG analysis
C) environmental analysis
D) strategic impass
Environmental Analysis
The process of evaluating the environmental factors that can impact an organization's operations and performance.
Social Entrepreneurship
The practice of developing, funding, and implementing solutions to social, cultural, or environmental issues.
BCG Analysis
A strategic planning tool that classifies a company's business units or products into four categories based on market share and market growth, guiding resource allocation decisions.
- Recognize the role of environmental analysis in strategic planning.
Verified Answer
TM
Talal MahmoodJul 26, 2024
Final Answer :
C
Explanation :
Environmental analysis involves examining the various external and internal factors that impact an industry or organization. Robert's role of constantly examining what is happening in all sectors that affect the industry aligns with this, as it involves understanding the broader environment in which the business operates.
Learning Objectives
- Recognize the role of environmental analysis in strategic planning.