Environment Scanning

What is Environment Scanning ?

  
‘Environment Scanning’ refers to the monitoring of a company’s daily activities to identify growth opportunities, the current trends as well as assess the risks involved in the daily working of the company.
 
It could be conducted to assess a wide variety of reasons. For example, some aspects of environmental scanning would look for legal issues and identify the best practices to be employed.
 
Similarly, it also helps in assessing the existing technology of a company and analyzing it with the competition to bridge any technological gaps. Sometimes, environmental scanning might be conducted to understand and cater to the expectations of the employees.

More HR Terms

Outplacement

What is Outplacement?   ‘Outplacement’ refers to the services provided by some companies to former employees who have been terminated due to downsizing. These services

Sourcing

What is Sourcing ? ‘Sourcing’ refers to the practice of actively searching for candidates for the vacant positions, identifying the qualified ones and engaging them

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