Pest Analysis Example - 999 Words

PEST 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 background for such change. It is with respect to this detailed dissection of the environment and the proper understanding of the verdict that is assimilated from such dissection that any decision pertaining to expansion, entry, exit or any other†¦show more content†¦Economic policies of government regarding the restaurant industry and running eating joints; these may include licenses, inspections by Health and Food Ministry departments, etc. Economic Factors: Interest rate would impact the cost of capital, the rate of interest being directly proportionate to the cost of capital. Rate of inflation determines the rate of remuneration of employees and directly affects the price of the restaurant s products. Again, the proportion between the inflation rate and wages/prices is direct. Economic trends act as an indicator of the sustenance and profitability of your business in the chosen region and help you in deciding your marketing strategy. Social Factors: Certain cultures abhor certain foods. For instance, Hindus will not eat beef and Muslims would not even touch pork. Therefore knowledge of these cultural facts about your business environment will help you decide whether or not you ll be able to do any business there. Eating habits of the people in your chosen business environment may, and certainly will, affect your marketing decisions. Ratio of people preferring to eat out regularly. Technological Factors: A good technicalShow MoreRelatedPEST Analysis Essay examples524 Words   |  3 PagesPEST Analysis The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business. A PEST analysis is a business measurement tool. PEST is an acronym for Political, Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. Political The political area has a huge influence upon the regulation of a business and the spendingRead MoreThe Leon Group1138 Words   |  5 PagesPEST redirects here. For the special forces unit of the Slovenian Military Police, see Specialized Unit for Special Tactics (PEST – Posebna Enota za Specialno Taktiko). PEST analysis (Political, Economic, Social and Technological analysis) describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. Some analysts added Legal and rearranged the mnemonic to SLEPT;[1] inserting Environmental factors expanded it to PESTEL or PESTLE, whichRead MoreAnalysis of Cadbury Schweppes Essay1439 Words   |  6 PagesAnalysis of Cadbury Schweppes TABLE OF CONTENTS 1.0 INTRODUCTIONÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…..3 1.1 DefinitionÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…...3 1.2 PurposeÂ…...Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…...3 1.3 Sources of DataÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…..3 2.0 MISSION STATEMENTÂ…Â…Â…Â…Â…Â…Read MoreEssay on A Competitive Audit of Nestles Milo1510 Words   |  7 PagesNestles Milo I plan to produce a SWOT analysis, PEST analysis and a Competitive Audit on Milo. This is because I’m going to need to produce a good analysis on the market place, if I intend to create the best marketing strategy. This is important because there are a range of options available when creating a marketing strategy. Without these analytical processes I will not be able to identify, which strategy is appropriate. I am going to produce a SWOT analysis to find out how effective Milo is operatingRead MoreAnalysis And Evaluation Of The Business And Financial Performance Of An Organization1365 Words   |  6 Pagesand how to work on project. Reason for choosing this topic I glanced at information pack from OBU and in that they offered wide variety of topics to choose from evaluation and analysis of organisation to critical review of key factors affecting organisation or brands. But topic no. 8 made most sense to me which is â€Å"Analysis and evaluation of the business and financial performance of an organisation over a three year period†. Reason is my incline towards handling financial data and number crunchingRead MoreIntegrative And Analytical Tools For The Business1174 Words   |  5 Pagesperform both internal and external analysis of the operations. Each of these things has their place and since our company is one of the best out there, the first three have already been established. What we are here today to do is to perform the analysis portion. There are many different forms of analysis tools for the company to choose from. Some of the heavy hitters are the SWOT or strengths, weaknesses, opportunities and threat tool. The MOST analysis tool focuses on the mission, the objectivesRead More BUSINESS METHODS Essay1583 Words   |  7 Pages BUSINESS METHODS PEST (Political, Economical Social and Technological environment ) Analysis The external environment of any organisation / university / faculty / department etc. can be analyzed by conducting a PEST analysis. The acronym PEST (sometimes rearranged as STEP) is used to describe a framework for the analysis a range of macro environmental factors including the Political, Economical Social and Technological environment. A PEST analysis fits into an overall environmental scan includingRead MorePolitical-- Government Stability666 Words   |  3 Pages Like the swot analysis that I completed in this course the Pest analysis is a great tool to use when running a business. This analysis can help see a wide range of philosophies that can help develop a company to the top. This analysis helps you build framework of a business that each major assets that helps build a successful business. With the pest analysis you can break down each major assets for a business technological, socio-cultural, p olitical, and economical. The analysis shows the positivesRead MoreSWOT PEST2212 Words   |  9 Pages32503102 Content Page Introduction Environment Analysis 2.1: Internal and External factors for Nando’s SWOT Analysis Table 1.: SWOT Analysis PEST Analysis Table 2.: PEST analysis Conclusions Appendix Introduction This report is to outline business analysis on Nando’s restaurant in Singapore. In this report, we will perform environment analysis on the market in Singapore. We will make use of SWOT analysis and also PESTEL analysis to perform this. Last but not least we will end it withRead MoreThe Report On Nokia Mobile Phones1741 Words   |  7 Pagesadvantage. SWOT Analysis Vs PEST Analysis and When to Use Them When planning a project it is important to learn about the internal and external factors that can affect the project. There are some excellent strategic planning methods that you can use analyze all these factors. SWOT analysis and PEST analysis are two of the most frequently used planning methods. Below is a brief introduction to both methods and a comparison of SWOT analysis vs PEST analysis. What is SWOT Analysis ? SWOT when broken