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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 ...
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 ...
These were developed by companies and management consulting firms to help provide a framework for strategic planning. Such tools include: PEST analysis, which covers the remote external environment elements such as political, economic, social and technological (PESTLE adds legal/regulatory and ecological/environmental);
In a pest risk analysis initiated by a specific pathway, often an imported commodity or goods associated with an imported commodity, e.g. packing materials, the probability of pest entry is evaluated for that specific pathway. For a pest risk analysis initiated for a specific pest, all probable pathways are evaluated for that individual pest.
This includes all departments such as management, finance, research and development, purchasing, Business operations and accounting. Each of these departments influences marketing decisions. For example, research and development have input as to the features a product can perform and accounting approves the financial side of marketing plans and ...
Francis Joseph Aguilar (August 19, 1932 – February 17, 2013) was an American scholar of strategic planning and general management. He joined the faculty of Harvard Business School in 1964 and became a tenured professor there in 1971. [1] He served as consultant to many firms and on the boards of Dynamic Research Corporation and Bentley ...
One group will normally specialize in one aspect like operations or government regulations. Managing the interrelation of PESTLE factors requires teamwork in the enterprise planning process. A sample framework for general analysis is the SWOT analysis. Another is the Balanced Scorecard for performance measurement analysis. [6]