Environmental scanning and forecasting in strategic planning—The state of the art |
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Authors: | Liam Fahey William R. King Vadake K. Narayanan |
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Affiliation: | Graduate School of Business, Pittsburgh, USA |
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Abstract: | The objective of this paper is to shed some light on the practical state of the art of the environmental scanning and forecasting function in organizations. Planners were questioned through a multi-faceted survey and the findings supported the conclusion that organizations have not yet widely developed sophisticated systems and integrated their outputs into the strategic planning process. |
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