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PEST Analysis: - Environmental Regulation and Protection - Taxation (Corporate Consumer)

PEST analysis identifies Political, Economic, Social and Technological factors in a business's external environment that can affect its strategic planning. The document provides a table listing examples of factors that could be analyzed under each category, such as environmental regulations, economic growth rates, demographics, and technological discoveries. Businesses must consider how these influences may impact them and determine appropriate responses.

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P Venkatesan
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12 views

PEST Analysis: - Environmental Regulation and Protection - Taxation (Corporate Consumer)

PEST analysis identifies Political, Economic, Social and Technological factors in a business's external environment that can affect its strategic planning. The document provides a table listing examples of factors that could be analyzed under each category, such as environmental regulations, economic growth rates, demographics, and technological discoveries. Businesses must consider how these influences may impact them and determine appropriate responses.

Uploaded by

P Venkatesan
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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PEST analysis

PEST analysis is concerned with the environmental influences on a business. The acronym stands for the Political, Economic, Social and Technological issues that could affect the strategic development of a business. Identifying PEST influences is a useful way of summarising the external environment in which a business operates. However, it must be followed up by consideration of how a business should respond to these influences. The table below lists some possible factors that could indicate important environmental influences for a business under the PEST headings
Political / Legal Economic Social Technological

- Environmental regulation and protection

! Economic growth ! Income distribution "overall# by "change in industry sector$ distribution of disposable income# - Taxation (corporate; ! &onetary policy ! 'emographics "age consumer) "interest rates$ structure of the population# gender# family si(e and composition# changing nature of occupations$ - International trade ! %overnment ! )abour * social regulation spending "overall mobility level# specific spending priorities$ - Consumer protection ! Policy towards ! )ifestyle changes unemployment "e.g. Home wor,ing, "minimum wage, single households$ unemployment benefits, grants$ - Employment law ! Taxation "impact ! .ttitudes to wor, on consumer and leisure disposable income, incentives to invest in capital e-uipment, corporation tax rates$

! %overnment spending on research ! %overnment and industry focus on technological effort

! +ew discoveries and development ! Speed of technology transfer

! /ates of technological obsolescence

- Government organisation / attitude

- Competition regulation

! Exchange rates ! Education "effects on demand by overseas customers# effect on cost of imported components$ ! Inflation "effect ! 0ashions and fads on costs and selling prices$ ! Stage of the ! Health 2 welfare business cycle "effect on short! term business performance$ ! Economic ! )iving conditions 3mood3 ! consumer "housing, amenities, confidence pollution$

! Energy use and costs

! 1hanges in material sciences ! Impact of changes in Information technology ! Internet4

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