In the context of the external environment of a firm, which of the following statements is true of environmental scanning?

a. Managers scan their firm's environment to reduce uncertainty.
b. It remains unaffected by organizational strategies.
c. CEOs in poorer-performing firms scan their firms' environments more frequently than CEOs in better-performing firms.
d. It is reactive in nature and leads to the detection of environmental problems after they become organizational crises.

Ans: a. Managers scan their firm's environment to reduce uncertainty.

Business

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Indicate whether the statement is true or false

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All of the following are benefits of using models for decision support EXCEPT

A) it is easier to manipulate a model than a real system. B) you can find out probable outcomes of an action before actually taking it. C) using well-designed models always guarantees you success in implementation. D) the cost of a model is usually much lower than manipulating the system in implementation.

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