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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 ...
He developed the PEST analysis framework, which helps businesses assess external factors that may impact their operations. [ 2 ] His publications include: Scanning the Business Environment (1967), European Problems in General Management (with Edmund P. Learned and Robert C.K. Kaltz, 1963) and General Managers in Action (1988, 1992).
The analysis of the global environment of a company is called global environmental analysis. This analysis is part of a company's analysis-system, which also comprises various other analyses, like the industry analysis, the market analysis and the analyses of companies, clients and competitors. This system can be divided into a macro and micro ...
External environment: PEST analysis or STEEP analysis is a framework used to examine the remote external environmental factors that can affect the organization, such as political, economic, social/demographic, and technological. Common variations include SLEPT, PESTLE, STEEPLE, and STEER analysis, each of which incorporates slightly different ...
One approach could be the PEST analysis, which includes political, economic, social and technological, whereas other variations JIT) include environmental and legal factors. A second approach is to use a SWOT analysis which stands for Strength, Weakness, Opportunity and Threat.
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An analysis on the climate is also known as PEST analysis. The types of climate/environment firms have to analyse are: Political and regulatory environment: An analysis of how actively the government regulates the market with their policies and how it would affect the production, distribution and sale of the goods and services.
PEST analysis • Growth–share matrix; ... One such system, the Analog Devices Balanced Scorecard, was created by Art Schneiderman in 1987 at Analog Devices, ...