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Managers must plan for uncertainty if they want to meet their strategic goals. They must calculate whether the uncertainty will delay things within their industry.
Strategic Environmental Assessment (SEA) is a system of incorporating environmental considerations into policies, plans and programmes.
Environmental Threat Opportunity Profile. Environmental analysis of a company leads to an Environmental Threat Opportunity Profile (ETOP) which when juxtaposed against the strengths & weaknesses of the company helps in strategic formulation.
Joseph Kwame Somevi has written: 'The potential role of strategic environmental assessment (SEA) in the development of sustainable energy policies, plans and programmes for Ghana'
George Wright has written: 'Strategic decision making' -- subject(s): Decision making, Strategic planning 'Cultural and individual decision making under uncertainty' 'Cultural and individual differences in probabilistic set, discrimination of uncertainty and realism of probability assessments'
One means by which organizations can reduce their market uncertainty is by broadening their view of what marketing channels can and perhaps should do for them. Channels must be part of the strategic decision framework.
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Environmental Scanning
environmental scanning should provide inputs for stratergic decision making elobrate
ETOP in strategic management stands for Environmental Threat and Opportunity Profile. Preparing ETOP involves analyzing the impact of each sector of the environment.
three of many factors that influence Halliburtons strategic, tactical, operational, and contingency planning are safety, environmental considerations, and workforce..
PEST analysis stands for "Political, Economic, Social, and Technological analysis" and describes a framework of macro-environmental factors used in the environmental scanning component of strategic management.