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UK executives' vision on business environment for information scanning: a cross industry study

Published: 01 May 2003 Publication History

Abstract

Business environment scanning contributes a great deal to strategic intelligence gathering. However, earlier studies treat the business environment as a single entity. This study based on a multi-industry survey examined how UK executives perceive the stability of the business environment in which their companies operate, and what environmental sectors are perceived more strategically important than others for information scanning. The effort reveals that UK executives perceive the immediate-task environment information more strategically important than far-general environment information, but the perception of far environment information differs widely from industry to industry. A corporate "radar" system for business environment scanning is proposed to offer practical guidance. Our conclusion is that industry-specific environment sectors should be identified for strategic information scanning.

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    cover image Information and Management
    Information and Management  Volume 40, Issue 5
    May 2003
    129 pages

    Publisher

    Elsevier Science Publishers B. V.

    Netherlands

    Publication History

    Published: 01 May 2003

    Author Tags

    1. UK survey
    2. business environment
    3. environmental scanning
    4. information processing
    5. strategic information

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    • (2020)A Cross Industry Study of Institutional Pressures on Organizational Effort to Raise Information Security AwarenessInformation Systems Frontiers10.1007/s10796-019-09927-922:5(1241-1264)Online publication date: 1-Oct-2020
    • (2013)More applicable environmental scanning systems leveraging "modern" information systemsInformation Systems and e-Business Management10.1007/s10257-012-0207-711:4(507-540)Online publication date: 1-Dec-2013
    • (2011)Managing the futureProceedings of the 6th international conference on Service-oriented perspectives in design science research10.5555/2008579.2008604(276-290)Online publication date: 5-May-2011
    • (2006)Deriving managerial benefit from knowledge searchInformation and Management10.1016/j.im.2006.08.00543:7(874-883)Online publication date: 1-Oct-2006
    • (2004)eAirlinesInformation and Management10.1016/j.im.2003.08.01541:7(805-825)Online publication date: 1-Sep-2004

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