To have a sound strategy a company must be able to conduct a
sound environmental assessment (EA). Executives and managers in all
industries need to be able to analyze and anticipate trends in the
economy as well as their industries and target markets. But
guidance on effective approaches to environmental assessment is
scattered among the literature on everything from economics, to
marketing, general management and strategy. Meanwhile most
executives are uncertain about both current and future prospects
for their own commercial environment. Addressing the need for
proven EA guidelines, Roney's book offers practical approaches that
can help planners develop models detailing the trends, forecasts,
and alternative futures which are integral to environmental
assessment and thus critical to effective strategic planning.
Roney begins with a broad description of the environmental
assessment practices of American business, and how these practices
have created significant competitive advantages for U.S.
businesses. After reviewing approaches to assessing a company's
economy, its industry and the markets it serves, Roney analyzes the
forecasting methods themselves. He focuses on assessing uncertainty
and alternative futures through the use of scenario forecasting and
contingency planning. His concluding chapter summarizes the
environmental conditions that can be defined with reasonable
accuracy, describing the range of techniques that can be used in
the assessment process. His appendix, an information tool kit,
provides a variety of important reference materials. Included are
tables to cross-reference SIC codes and the new NAICS
classification categories; projections of demographic trends for
the U.S. and other industrialized nations; economic and demographic
data describing the composition of world markets, plus additional
aids that strategic planners and corporate management with other
responsibilities will find invaluable.
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