Surplus causes disequilibrium in the supply and demand of a product. This imbalance means that the product cannot flow through the market efficiently. However, the cycle of surplus and shortage has a way of balancing itself out.
Environmental scanning is the term used to describe the acquisition and use of information gleaned from sources external to your company. Scanning can be thought of as a form of early-warning radar that lets managers look into the future.
An Environmental Scan/SWOT Analysis can be completed by the human resources staff or by a team with membership representing a cross section of the agency. Using a team with a varied membership to collect the external and internal data shares the workload, encourages participation throughout the agency, and promotes a diversity of perspectives.