A systematic process of collecting and analyzing external data on market forces, competitor prices and offerings, labor pools, demographic changes, new laws, taxes, and regulations, technology, changing client needs, political or social upheavals, and economic conditions.

A systematic process of collecting and analyzing external data on market forces, competitor prices and offerings, labor pools, demographic changes, new laws, taxes, and regulations, technology, changing client needs, political or social upheavals, and economic conditions.

• A. Facility Management
• B. Environmental scanning
• C. Extrinsic rewards
• D. Facilities register

Answer: (B)

Environmental scanning is the systematic collection and analysis of information about the external environment that can affect an organization. It covers market forces, competitor prices and offerings, labor pools, demographic shifts, new laws and taxes, regulations, technology trends, evolving client needs, political or social upheavals, and economic conditions. This process helps organizations spot opportunities, anticipate threats, and inform strategic decisions and responses. It differs from facility management, which focuses on maintaining and operating physical buildings and services; extrinsic rewards, which are incentives outside the job used to motivate behavior; and a facilities register, which is simply an inventory of facilities and assets.

Environmental scanning is the systematic collection and analysis of information about the external environment that can affect an organization. It covers market forces, competitor prices and offerings, labor pools, demographic shifts, new laws and taxes, regulations, technology trends, evolving client needs, political or social upheavals, and economic conditions. This process helps organizations spot opportunities, anticipate threats, and inform strategic decisions and responses. It differs from facility management, which focuses on maintaining and operating physical buildings and services; extrinsic rewards, which are incentives outside the job used to motivate behavior; and a facilities register, which is simply an inventory of facilities and assets.