Project 1- requires a PESTEL analysis.
Listed below are the six (6) parts of a PESTEL analysis. Ensure that you address all the areas listed under each category that may have a Medium to High impact on the company, based on your analysis of the information available. If your analysis is supported by facts, then it is credible and meets the course requirement!
Put your analysis in paragraph form. DO NOT USE AN ALREADY COMPLETED ANALYSIS!!:
Political
Policy changes
Need for advocacy
Changes in employment laws
Consumer protection laws
Environmental regulations
Trade restrictions
Tax regulations
Health and safety requirements
Economic
Market shifts
Change in the cost of goods
Increased or decreased buying power from suppliers
Potential changes to inflation, taxes, interest rate, exchange rate, and trading regulations
Social
Emerging trends and methods
Media connectivity
Press releases and interviews
Blog, article, book, and podcast content
Age distribution
Population growth rate
Employment levels
Income statistics
Education and career trends
Religious beliefs
Cultural and social conventions
Technological
Hardware
Software
Platforms
Automation
Improved quality of parts and end product
Incentives
Significant cost savings
Use of outsourcing to control costs and offer greater flexibility
Environmental
Safety and health concerns
Seasonal impact of buyer purchasing
Physical environment
Consumer protection
Employee welfare
Waste disposal
Industry restrictions
Legal
Regulations
Compliance
Liability
Current and impending legislation
Health and safety considerations
Anticipated legislation changes
Your country’s national laws
The laws of countries that are impacted by your work (customer locations, vendors, investors)
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