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Many students who study using our platform have reported that a large number of the practice questions here are very similar to those that appear in real exams. View Courses
Many students who study using our platform have reported that a large number of the practice questions here are very similar to those that appear in real exams. View Courses
The acronym for analyzing Political, Economic, Social, and Technological influences during external environmental scanning is known as:
The Correct Answer is: A. PEST analysis
PEST analysis is a framework used to evaluate external environmental factors that can influence an organization’s strategy: Political, Economic, Social, and Technological. It helps leaders identify opportunities and threats in the macro-environment, ensuring that strategic planning considers external forces beyond the organization’s control. This analysis is particularly valuable for global businesses operating across diverse markets.
Why the other options are incorrect:
B. SWOT framework
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It assesses both internal and external factors affecting the organization, whereas PEST focuses solely on external macro-environmental influences.
C. GAP model
The GAP model is used to analyze the difference between current performance and desired outcomes, helping organizations identify areas needing improvement. It does not specifically assess political, economic, social, or technological factors.
D. MOST strategy
MOST stands for Mission, Objectives, Strategy, and Tactics. It is a strategic planning tool focused on aligning actions with organizational goals, not on scanning external environmental influences.
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