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In Business / College | 2025-07-04

Explain the meaning of ETOP in environmental scanning. Define environmental scanning and its importance.

Asked by papamushi007

Answer (2)

ETOP, or Environmental Threats and Opportunities Profile, is a tool used in environmental scanning to identify external factors affecting organizations. Environmental scanning is crucial for strategic planning as it helps organizations understand their external environment, identify risks, and seize opportunities. It informs risk management and enhances competitive advantage.
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Answered by Anonymous | 2025-07-04

ETOP refers to Environmental Threats and Opportunities Profile, a tool for analyzing external factors impacting an organization. Environmental scanning involves monitoring external trends and is critical for strategic planning and decision-making. It helps organizations identify opportunities and risks in their operating environment. ;

Answered by GinnyAnswer | 2025-07-04

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