What trends are occurring in the marketplace or industry that could affect the organization either positively or negatively?
Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions. It is closely related to a SWOT analysis and should be used as part of taking the pulse of a good idea or opportunity. In this case it may help you narrow down your choices for a new business idea. Complete the checklist below and discuss how these components impact your decision to move ahead with your business idea, and discuss the opportunity gap that exists, and the trend or force contributing to this opportunity.
Provide a scan of three business ideas below and discuss what you learned by completing the scan. It is possible that not all components will apply to all your business ideas.
Three Business Ideas
Daycare Business in Canada
Couriers &Local Delivery Services in Canada
Used Family Clothing Online Stores in Canada
What trends are occurring in the marketplace or industry that could affect the organization either positively or negatively? and the opportunity gap that exists, and the trend or force contributing to this opportunity