Pest Analysis in Business Environment

growth. Any one or combination of these sectors fluctuation due to terrorism affects every single

In the following sections, I will argue the state of the economy is the most influential factor in

In this document I am going to be looking at five of the above mentioned factors. These include; economic recession in

Technological factors – New technologies may create new products and new processes (Company Regulations.com; 2011). Technology will reduce cost, improve quality and lead to innovation. Developments such as Wi-Fi hotspot in the mini buses, MP3 players, online devices

HSE(health and safety executive): The HSE is national independent watchdog for work which linked to health and safety and illness. They a self-governing regulator and which also act in public attention to reduce work related death and serious harm which cross in the great Britain’s workplace.

Locally owned and operated, Pinpoint Pest Control provides North San Diego County with friendly and reliable pest control services. A family-owned business, Pinpoint understands the importance of safe pest control without sacrificing its quality and effectiveness. With this in mind, we strive to use natural methods to treat homes, but when a stronger solution is necessary, we rely on low-impact materials that are safe for your family and pets. No matter what your pest you're dealing with, preventative service is the most effective way to keep your home free from pests, and our friendly technicians have the necessary knowledge to treat your home in the most natural way possible.

PEST analysis is used for to understand market growth or decline and to discover the position, potential and direction of a business. It is also defined as business measurement tool. PEST stands for Political,

3. What has changed the global marketplace are new communication and transportationtechnologies, low labor costs and ______________.

Some of these factors are, if there is competition in the same category, the amount of goods produced, the demand for the products and more.

Example: freedom of media and internet, women’s rights and move towards greater international trade and investment.

The following section I discuss the following: form government, living standards, labor market conditions, the orderliness of leadership and succession, culture and demographic characteristics of the population, integration with international economic systems and security risk.

4. An analysis of the industry, i.e., degree of competition, growth of industry-wide sales, profitability of competitors, life cycle stage of the industry, Porter’s five factors, and P/E ratios of competing companies.

Technological environment refers to the technical aspects of the business environment and may include the level of automation available in the current times, technical facilities and infrastructure, rate of technological progress and research and development activities. These factors may assume decisive proportions and may impact the cost, quality and scope of innovation for a product, service or commercial utility.

When it comes to political factors, the government stability, taxation policy, social welfare policies and trae regulations shoule be considered.

Since 2001, NEXT has created the next day delivery service on most home shopping orders. Currently there are more than 2 million customers in the UK and over 70% of NEXT 's home shopping business is now transacted online (nextplc.co.uk, 2011). Additionally, in October 2007, Meadow Hall in Sheffield became one of the first concept stores NEXT had fitted out in the new style that is now commonplace throughout its UK outlets (careers.next.co.uk). These events highlight the firm’s consideration of its customers and ability to diversify the service to satisfy customers’ needs.