Introduction
The economies of modern era are volatile, and they are influenced by the rapid changes that are occurring throughout the world. However, an on-going position of an organization in the market depends on the evaluation as well as analysis of the surrounding. The successful organizations conduct environmental scans on periodic basis in order to analyze what the competitors are doing but their main focus is to consider those aspects that can help them in winning the race (Harari, 1994). BMW, i.e., Bayerische Motoren Werke is one of the leading players in the industry dealing with car manufacturing. It has ...
