PEST Analysis Assignment Help

PEST Analysis Assignment Help
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Online PEST Analysis Assignment Help from BookMyEssay

PEST Analysis or Political, Economic, Social and Technological Analysis is a part of Strategic management. This analysis is extremely vital because, in the present market scenario, numerous companies enter into foreign markets. Before investing huge amount of money, companies need to analyze the potential markets. According to its name, it is the study of various factors such as political, economic, social, and technological that has a certain affiliation with business. This practice is followed for the new, existing as well as foreign companies. The tastes and preferences of consumers are changing at a rapid pace and with rising standards of living; consumers are looking for sophisticated products and services. This analysis helps both the domestic and foreign companies to know their probable consumers in a much better way. The decisions made by an organization depend on the PEST analysis to a large extent. These factors influence different industries in different ways. The problems faced by the organizations are related to the industry it is engaged into. Strategic management students to get top grades in academics frequently take PEST Analysis assignment help from BookMyEssay.

We understand the need of every student pursuing Management courses at the college and the university levels. BookMyEssay is an online PEST Analysis assignment help provider and we have been helping students worldwide by providing all kinds of writing services right from assignment to thesis writing. We are assisted by a team of dedicated writers who work day and night to provide a well-researched and a well-versed PEST Analysis assignment writing help. Our goal is not limited to help the students score high grades but also but make them understand the subject in-depth, which is absolutely necessary for a good career. The success of an organization depends on the factors of PEST Analysis. Therefore, a Management student must understand this analysis perfectly. The external and the internal factors must be used to the advantage of an organization. The study of external factors become essential because these factors do not have an influence on an organization in a direct manner but can influence an organization in an indirect manner such as the implementation of new technologies, changes in taxation policies, and many other factors.

PEST Analysis

The factors of PEST Analysis are discussed below as follows:

  • Political: Political factors include the factors such as labor laws, the legal system, taxation structures, trade restrictions, environmental factors, etc. For instance, if the corporate tax rate is very high, many companies would not be interested to invest in that country.
  • Economics– The economic factors are interest rates, economic growth, inflation rates, and the exchange rates. The interest rates play a dominant role in the investment. The interest rates control the cost of capital and it also influences the cost of machinery and cost of the imported raw material.
  • Social– Some of the social factors that have an impact are the cultural factors and also other factors such as life expectancy, education level, the rate of population growth, demographic distribution, people’s tastes and preferences, religious factors, demographic distribution, gender differences, and language do population, etc.
  • Technological– The technological factors are the tax incentives, research facilities, machinery productivity, automation, the technology presently used by the organization, superior technology used by rival organizations, the barriers to making entry, etc.

The advantages of PEST Analysis are many such as it is cost-effective, it makes the organization more alert, it makes the organization understand things in a deeper way and it further helps to identify the opportunities for the business.

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