What is PEST Analysis? A PEST analysis is an analysis of the external macro-environment that affects all firms. P.E.S.T. is an acronym for the Political, Economic, Social, and Technological factors of the external macro-environment. Such external factors usually are beyond the firm's control and sometimes present themselves as threats. For this reason, some say that "pest" is an appropriate term for these factors. However, changes in the external environment also create new opportunities and the
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BUSINESS ENVIRONMENT Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because, the environmental factors influence almost every aspect of business, be it its nature, its location, the prices of products, the distribution system, or the personnel policies. Hence it is important to learn about the various components of the business environment, which consists of the economic aspect, the socio-cultural
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Political Aspects HSBC Banking has been protected by the regulations and policies formulated by different government in the countries where they are operating. The company has been able to adhere to the policies given by each government to make sure that the company will be able to conduct business operations successfully and effectively. Furthermore, the company also formulates their own protection strategies against any governmental restrictions and limitations. Economic Aspect Being
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Analysis is a highly comprehensive research analysis on the particular company and its competitors. A company analysis includes a complete and comprehensive analysis of the selected company, an overview of the industry the company operates in, a PEST Framework Analysis of the industry, and then moves on to analyzing the company itself. Company analysis includes a history of the company chosen, a business segment analysis of the segments that particular company operates through, a look at the
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PESTLE analysis stands for "Political, Economic, Social, Technological, Legal, and Environment analysis" and it is a business measurement tool, looking at factors external to the organization. It is often used within a strategic SWOT analysis (Strengths, Weaknesses, Opportunities and Threats analysis). In contrast to a SWOT, PESTLE encourages you to think about the wider environment and what might be happening now and in the future which will either benefit or be of disadvantage to the organization
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ASSESSMENT 1: BUSINESS REPORT Cover page (Design your own cover page for this assignment) Table of Contents (headings and page numbers) 1. Introduction (purpose of the report and an outline of the content of this report) 2. Background: (name of company, size of company, what industry it is in, what it produces, company structure, markets, competitive advantage). Briscoe Group Limited (BG) is one of the greatest retail organizations in New Zealand working its capacity over
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PEST Analysis A scan of the external macro-environment in which the firm operates can be expressed in terms of the following factors: * Political * Economic * Social * Technological The acronym PEST (or sometimes rearranged as "STEP") is used to describe a framework for the analysis of these macroenvironmental factors. A PEST analysis fits into an overall environmental scan as shown in the following diagram: Environmental Scan | / | \ | External Analysis
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[ENTER COMPANY NAME HERE] Company Analysis Introduction to Business Management (MGMT 1281) Presented to Regina Abbott Presented by [Enter the names and A#’s of all your group members in alphabetical order] June 3, 2014 COMPANY BACKGROUND Company Name * Type of Ownership * Location(s) of Operations * Mission Statement * Vision Statement * Industry (industries) * Main Competitors * COMPANY Business Structure * Organizational Structure
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it operates. PEST and SWOT analysis are the tools used to find out the current status and position of an organization or individual in relation to their external environment and current role. They can then be used as a basis for future planning and strategic management. PEST analysis is a concept in marketing principles. Moreover, this concept is used as a tool by companies to track the environment they’re operating in or are planning to launch a new project, product or service. PEST is a mnemonic
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BUSINESS SUCCESS IN THE NEW NORMAL Business Success in the New Normal BUSINESS SUCCESS IN THE NEW NORMAL The PESTLE is a tool that businesses use to help determine and identify components within a business environment. The PESTLE tool break down consists of Political, Economic, Social, Technical, Legal and Environmental dynamics. Most businesses deal with these issues and business leaders rely on the assessment of these dynamics to help a business forecast and make determinations. According
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