Explain cultural, political, social and technical environment of business with suitable examples.
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It is important for these reasons: By making effective use of PEST Analysis, you ensure that what you are doing is aligned positively with the forces of change that are affecting our world. By taking advantage of change, you are much more likely to be successful than if your activities oppose it.
Good use of PEST Analysis helps you avoid taking action that is condemned to failure for reasons beyond your control.
PEST is useful when you start operating in a new country or region. Use of PEST Analysis helps you break free of unconscious assumptions, and helps you quickly adapt to the realities of the new environment.
(http://www.mindtools.com/pages/article/newTMC_09.htm)
Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time
It is important for these reasons: By making effective use of PEST Analysis, you ensure that what you are doing is aligned positively with the forces of change that are affecting our world. By taking advantage of change, you are much more likely to be successful than if your activities oppose it.
Good use of PEST Analysis helps you avoid taking action that is condemned to failure for reasons beyond your control.
PEST is useful when you start operating in a new country or region. Use of PEST Analysis helps you break free of unconscious assumptions, and helps you quickly adapt to the realities of the new environment.
(http://www.mindtools.com/pages/article/newTMC_09.htm)
Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time
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