Question

The process of environmental analysis include which of the following?
I. Scanning

II. Monitoring
III. Forecasting

IV. Assessment

• A. I and II
• B. Ill and IV
• C. I, II and III
• D. I, II, III and IV

Answer 1

Answer: (D)

I, II, III and IV

Environmental analysis is a challenging, time consuming and expensive affair. The analysis consists of four sequential steps:

1. Scanning: It involves information gathering for assessing the nature of the environment in terms of uncertainty, complexity and dynamism.
   
2. Monitoring: It involves tracking environmental trends and events.
   
3. Forecasting: It lays out a path for anticipated changes.
   
4. Assessment: This step identifies key opportunities and threats.