Please provide an example of a personal PEST political econo

Please provide an example of a personal PEST (political, economical, social, technological).

Solution

it describes the external factors of a firm while in its strategic decision making process. all these factors influence the firm\'s performance indirectly. and these factors can not be controlled by the firm or can not escape from the result of them.

for the last 10 years there are many foreign investors are coming to India and investing their money in India. the reason is stable government and which is much more focused on developmental aspects. here the political risk is much less, the government can take decisions quickly and implement them faster for better results.

economical aspects says about the nations economic growth, exchange rates with foreign currencies and interest rates in the economy. it also speaks about the economic policies and foreign trade polocies of a nation. there are few countries which are listing positve growth like Brazil, Russia, India, China and South Africa.

social factors says about population rate, health consiousness, work power and man power etc. how flexible the people are to implement new strategies and plans will be decided by this factor. India is the best country where people can accept and adopt different kinds of cultures and traditions.

technological aspects says about how strong a nation in terms of technology and its aspects. how cheaply and frequently thechnologies are available and how sharply we are able to capture it and benefit from it.

Japan is the best nation to utilize thechnology faster than others