Environmental Scanning Business EnvironmentAnalyzes the existing problems and needs in the community where there are business opportunities

Environmental scanning and Types of Business Environment are essential learnings for Grade 9 students who are taking up Entrepreneurship. It is one of the important aspects in studying the subject and for the students to understand the business environment as well as environmental scanning.

1. Analyzes the existing problems and needs in the community where there are business opportunities Entrepreneurship 9 Learning Material Mrs. Rachel T. Gravador

2. 2 Look into yourself… Who are the people that affects your life? What contributions did these people have done to make your life better?

3. Types of Business Environment External Environment Internal Environment The small forces within the company Factors outside the organization which may affect the performance of the organization Macro Environment Micro Environment PEST Analysis PESTEL Analysis S.W.O.T. Analysis Five Forces Analysis Mission Vision Statement Products and services Resources and processes

4. Environmental Scanning – any various techniques through which images/information are recorded or gathered from conditions, situations, and materials in a particular environment. 4

5. Environmental Scanning – it involves searching the environment for important events or issues that might affect an organization. 5

6. Environmental Scanning – any various techniques through which images/information are recorded or gathered from conditions, situations, and materials in a particular environment. 6

7. 7 Some factors that can help in recognizing the community needs: 1. Industrial information. These are newspapers, technical and business journals that provide techniques and information regarding trends in business.

8. 8 2. Local specialized skills. It consists of traditional skills of the people in the community in which they have developed and mastered. Some factors that can help in recognizing the community needs:

9. 9 3. Evaluation of development plans. The develop plans in the community may still be possible for implementation once it is evaluated. Some factors that can help in recognizing the community needs:

10. 10 4. Technology. These pertain to modern gadgets and equipment which can be utilized in order to identify business opportunities in the community. Some factors that can help in recognizing the community needs:

11. 11 5. Review of old projects. Completed old projects in the community may become more attractive when a market or related production factors have changed. Some factors that can help in recognizing the community needs:

12. Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions. It is closely related to a S.W.O.T. analysis and should be used as part of the strategic planning process. 13

13. Components of external scanning that could be considered include: 14 Trends: What trends are occurring in the marketplace or industry that could affect the organization either positively or negatively? Competition: What is your competition doing that provides them an advantage? Where can you exploit your competition’s weaknesses?

14. Components of external scanning that could be considered include: 15 Technology: What developments in technology may impact your business in the future? Are there new technologies that can make your organization more efficient? Customers: How is your customer base changing? What is impacting your ability to provide top-notch customer service?

15. Components of external scanning that could be considered include: 16 Economy: What is happening in the economy that could affect future business? Labor supply: What is the labor market like in the geographies where you operate? How can you ensure ready access to high-demand workers?

16. Components of external scanning that could be considered include: 17 Political/Legislative arena: What impact will election outcomes have on your business? Is there are impending legislation that will affect your operations?

17. “Reflection is a good reminder of the truth! You may turn your eyes away from the truths, but the reflections will remind them.” – Mehmet Murat Ildan 18

18. THANK YOU!!! 19