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In business analysis, PEST analysis (political, economic, social and technological) is a framework of external macro-environmental factors used in strategic management and market research. PEST analysis was developed in 1967 by Francis Aguilar as an environmental scanning framework for businesses to understand the external conditions and ...
Factors affecting organization in Macro environment are known as PESTEL, that is: Political, Economical, Social, Technological, Environmental and Legal. Demography refers to studying human populations in terms of size, density, location, age, gender, race, and occupation. [6]
Though, the global environmental analysis describes the macro environment of a company. [1] A company is influenced by its environment. Many environmental factors, especially economical or social factors, play a big role in a company's decisions, because the analysis and the monitoring of those factors reveal chances and risks for the company's ...
Perhaps the most highly developed integrative effort to link micro- and macro-sociological phenomena is found in Anthony Giddens's theory of structuration, in which "social structure is defined as both constraining and enabling of human activity as well as both internal and external to the actor." [7]
The next step of the method is to conduct a trend analysis. Trend analysis is an analysis of macro environmental factors in the external environment of a business, also called PEST analysis. It consists of analyzing political, economical, social, technological and demographic trends.
Drawing from natural ecosystems which are defined as the network of interactions among organisms and between organisms and their environment, social ecology is a framework or set of theoretical principles for understanding the dynamic interrelations among various personal and environmental factors. [3] Social ecology pays explicit attention to ...
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In the social sciences, social structure is the aggregate of patterned social arrangements in society that are both emergent from and determinant of the actions of individuals. [1] Likewise, society is believed to be grouped into structurally related groups or sets of roles , with different functions, meanings, or purposes.