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WorksheetsEnvironmental Scanning - LM1 Quiz
Total questions: 16
Worksheet time: 16mins
Argue that when taking the path of entrepeneurship, one of the most important indicators for future entrepreneurship is the skill of finding the business opportunity
Eckhardt & Shane
Winston Churchill
These are factors in the environment outside of the institution that are out of our control but has to be managed.
Internal Factors
External Factors
These indicators may include internal issues and trends that are inherent to the institution such as the: the 5Ms – Manpower (Human resources); Money (capital/budget); Machineries (office fixtures, gadgets, equipment); Management (leadership); Materials (raw materials, ingredients).
Internal Factors
External Factors
Is the ongoing tracking of trends and occurrences in an organization’s internal and external environment that bear on its success, current and in the future.
(a)
the metal contraptions called _________ have made man fulfill almost effortlessly various dreams of creating things that make our existence more worthwhile.
Man
Materials
Machines
Management
Money
Time ___________ and leadership is one contemporary aspect of business that has been employed in use by effective and successful business ventures to optimize delivery.
Man
Materials
Machines
Management
Money
the first of the five M’s is the most important. The right personnel for the right position is sure bet for the organizational effectiveness and efficiency.
Man
Materials
Machines
Management
Money
without ___________ , human resource is made redundant. Thus every right thinking and right planning organization knows that ____________ needed for any business or service must be in place before ‘man’ can be use in any business activity.
Man
Materials
Machines
Management
Money
without ___________, no venture or enterprise can motivate workers, get quality and sufficient materials, get the right machines and maintain them or even ensure that time is properly managed.
Man
Materials
Machines
Management
Money
statistical profile of a particular group of people i.e. customers locally, regionally, nationally, and increasingly internationally. (e.g., age, racial/ethnic mix, immigration status, social class, education level, etc.)
Social/Demographics
Politics, Governance, and public policy
Economies
Environmental/ ecology
Technology
fauna and flora; natural landscape – land, water, and air that can be nurtured to enhance business.
Social/Demographics
Politics, Governance, and public policy
Economies
Environmental/ ecology
Technology
local, regional, national and international labor market – the demand in relevant fields and the associated skills desired by employers.
Social/Demographics
Politics, Governance, and public policy
Economies
Environmental/ ecology
Technology
changes in ___________ regulation, national financial aid policies, and LGUs, and _________agencies.
Social/Demographics
Politics, Governance, and public policy
Economies
Environmental/ ecology
Technology
the application of scientific knowledge for practical purposes, especially in industry.
Social/Demographics
Politics, Governance, and public policy
Economies
Environmental/ ecology
Technology
involves sales or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business.
(a)
the four elements of business opportunity
(a)
