In order to understand the opportunities and threats faced by an organization, managers should analyze their organization’s environment. Various tools available for the purpose, what are the three most effective tools that managers can use to analyze the organization’s environment?
(a) Benchmarking, planning and evaluating
(b) Environmental scanning, forecasting and benchmarking
(c) Strategic planning, environmental scanning and TQM
(d) Forecasting, budgeting and time management
(e) Strategic planning, environmental scanning and management control.
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