Description
Write a 500-750-word essay that discusses how the current state of the economy will impact completing an environmental scan.
Include an introduction and conclusion that make relevant connections to course objectives.
Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a grading rubric, "Module 1 Rubric: Environmental Scan." Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations for successful completion of the assignment.
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
Running head: STATE OF THE ECONOMY
1
State of the Economy
Name
Institutional Affiliation
STATE OF THE ECONOMY
2
Introduction
Environmental scanning includes gathering information from both the external and
internal environments of an organization to enable the management to determine the
organization’s future direction. The process of environmental scanning is altered with various
aspects such as the state of the economy. Currently, the economy of various countries and states
in the world has declined due to one of the major hit of the Coronavirus pandemic which resulted
in a decline in the real GDP. The decline in the GDP resulted from individuals losing their jobs
and others receiving a reduced pay. Environmental scanning focuses on various levels of the
external environment such as the external macro-environm...
