Pest Analysis in Business Environment - 2678 Words

Table of Contents Part 1. PEST Analysis in Business Environment 1. Introduction 2 1.1 PEST Analysis Execution 2 Political Environment 2 Economical Environment 2 Social Environment 3 Technological Environment 3 Part 2. Case Study On Organizational Business Strategy 2. Vodafone - Using Technology To Improve Economies .............................................................4 2.1 PEST factors affecting in different ways................................................................................5 Political Impact on British Airways 5 Economical Impact on McDonald’s 5†¦show more content†¦All these factors affect the workforce management include productivity and cost. Example: Switch in job preference from heavy to light effort has great impact to the business sectors especial for those in the heavy industries. Workers tend to shy away from working there 4) Technological The Technological factor which is easy to validate as it is more tangible than the earlier three factors. It deals with environmental aspects, technology incentives such as Research amp; Development incentives, automation reinvestment, high capital setup and rate of technological change in certain business. Example: Changes of consumer preference toward high quality product which can be produced with higher technology. The following grid can be used to record each factor: * Government Stability * Government type * Freedom of press, Rule of law,Bureaucracy, Corruption * Regulation/De-regulation trends * Social/Employment Legislation * Likely political change | * Business cycle change * Growth, Inflation amp; Interest Rates * Unemployment, Labor supply, Labor cost * Disposable income/Dristribution * Globalization * Likely Economic Change | Figure 1: PEST Analysis in Diagrammatic Format POLITICAL ECONOMICAL * Population Growth/ Age Profile * Health , Education Social Mobilty * Employment Pattern/Attitudes to work * Press, Public opinion,Show MoreRelatedPest Analysis Example999 Words   |  4 PagesPEST Analysis Example If you re a student of marketing and business studies then you must have come across the term PEST Analysis . Here are a couple of PEST Analysis examples to clarify the concept further. You cannot imagine the amount of hard work and research that is involved whenever a new product or commercial utility is launched. For that matter, any change in the business management and development strategy calls for minute scrutiny of the environment which would form the backgroundRead MoreSwot Analysis : A Swot1371 Words   |  6 Pages SWOT analysis is valuable in understanding and revising the position of the company before decisions are made about company direction or the application of a new business idea. PEST is a tool to assess external factors. It is useful to complete a PEST analysis before a SWOT, although it may be more useful to complete a PEST analysis during, or after, a SWOT. SWOT and PEST are vital in determining the success of a business. SWOT analysis is a form of situational analysis in which internal strengthsRead MoreStrategy Planning : Strategic Planning1543 Words   |  7 Pagesimportant aspect of strategic management. 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However some authors agree that the first traces of its appearance can be found in the book by Francis J. Aguilar, Scanning the Business Environment (1967). The PEST analysis also known as PESTEL framework The PEST analysis allows a manager to find the key macroeconomic factors that can have an influence on the future expansion of the organisation. The recognizable proof of future macroeconomic variablesRead MoreFederal Express Corporation: Case Study959 Words   |  4 PagesFedEx Express and looks at how its strategy developed. In a first step by definitions the company and identifying the organizations mission and its products/markets, in second step is describe the forces in the External Environment of the company, the third step is Internal Analysis, it is especially focus on resources, competencies, and value chain, and in a last step is regarding strategic development of the company. The remainder of this report is structured as follows: Section 1: Introduction:Read MoreMain Aspects of Pest Analysis1043 Words   |  5 PagesIn analyzing the macro-environment, it is important to identify the factors that might in turn affect a number of vital variables that are likely to influence the organization s supply and demand levels and its costs (Kotter and Schlesinger, 1991; Johnson and Scholes, 1993). The radical and ongoing changes occurring in society create an uncertain environment and have an impact on the function of the whole organization (Tsiakkiros, 2002). A number of checklists have been developed as ways of cataloguingRead MorePest Analysis : Pest And Porter s Five Forces1314 Words   |  6 PagesAccording to Mind tools (n.d.). PEST Analysis, PEST and Porter s five Forces each analyze different aspects of a business. PEST (Political, Economic, Socio-cultural and Technical) factors are often considered to gauge the expected impact of business decisions, and the likelihood that the trend set will continue in a par ticular direction. PEST analysis allows a company to determine if the resources and capabilities used by the company support the company s opportunities, or diminish existing threats