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An environmental scan refers to scanning the environment where an organisation will be doing business. This will include not only the influence of the external environment on an organisation’s operations but also the factors determining the organisation’s strengths, weaknesses, resources, and internal organisational culture. The process in such a case will help businesses identify both opportunities and threats and understand which kind of capabilities will be needed to adapt or mitigate these external pressures. The systematic scanning of the environment allows an organisation to remain competitive, agile, and constantly aligned with industry changes.
The factors that could impact the ability of an organisation to attract new customers or retain present customers include:
The results of this environmental scanning can then be used to identify key trends, opportunities, and challenges within the market that can help improve the organisation’s capacity for finding and retaining customers. By being able to analyze what customers prefer, the behavior of competitors, and economic conditions, strategies can then be devised to effectively respond to customer needs.
This may be accomplished by refining marketing tactics, improving customer service, and even offering custom-made products or services. With the help of digital tools and data analytics, the organisation would gain more insight into the consumers and ensure that it will not fall behind competitors in building long-term customer loyalty.
To make the organisation find and retain customers more effectively, they must:
Appraisal of the customer’s supply chain includes its SWOT analysis: strength points that the customer’s supply chain harbors positive aspects and; weaknesses, opportunities, and also threats. Strengths may be such a robust network of reliable suppliers or efficient inventory systems that enable smooth running. Weaknesses could involve a lack of sufficient supplier diversity or dependence on one single logistics provider.
Here, the threat lies in the vulnerabilities that these factors may expose. Opportunities include new supplier explorations or new technology integrations to enhance efficiency and deliver lower costs. However, there are many potential threats to the stability of the supply chain- market volatility, transportation problems, etc as well as cost increases in materials.
However, a good SWOT analysis can provide insights into areas that may be improved upon as well as strategic directions that may deserve attention.
To capitalize on the opportunities created by the audit results to serve customers better as below:
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