What Is Pest Analysis?
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Publicado: 3 de septiembre de 2011
What is PEST Analysis?
It is very important that an organization considers its environment before beginning the marketing process. In fact, environmental analysis should be continuous and feed allaspects of planning.
The organization's marketing environment is made up of:
1. The internal environment e.g. staff (or internal customers), office technology, wages and finance, etc.
2. Themicro-environment e.g. our external customers, agents and distributors, suppliers, our competitors, etc.
3. The macro-environment e.g. Political (and legal) forces, Economic forces, Socioculturalforces, and Technological forces. These are known as PEST factors.
Political Factors.
The political arena has a huge influence upon the regulation of businesses, and the spending power ofconsumers and other businesses. You must consider issues such as:
1.How stable is the political environment?
2.Will government policy influence laws that regulate or tax your business?
3.What is thegovernment's position on marketing ethics?
4. What is the government's policy on the economy?
5. Does the government have a view on culture and religion?
6. Is the government involved intrading agreements such as EU, NAFTA, ASEAN, or others?
PEST Analysis Video
To watch the full Pest Analysis video please register FREE here
Economic Factors.
Marketers need to consider the stateof a trading economy in the short and long-terms. This is especially true when planning for international marketing. You need to look at:
1. Interest rates.
2. The level of inflation Employmentlevel per capita.
3. Long-term prospects for the economy Gross Domestic Product (GDP) per capita, and so on.
PEST Analysis
Sociocultural Factors.
The social and cultural influences on businessvary from country to country. It is very important that such factors are considered. Factors include:
1.What is the dominant religion?
2.What are attitudes to foreign products and services?...
It is very important that an organization considers its environment before beginning the marketing process. In fact, environmental analysis should be continuous and feed allaspects of planning.
The organization's marketing environment is made up of:
1. The internal environment e.g. staff (or internal customers), office technology, wages and finance, etc.
2. Themicro-environment e.g. our external customers, agents and distributors, suppliers, our competitors, etc.
3. The macro-environment e.g. Political (and legal) forces, Economic forces, Socioculturalforces, and Technological forces. These are known as PEST factors.
Political Factors.
The political arena has a huge influence upon the regulation of businesses, and the spending power ofconsumers and other businesses. You must consider issues such as:
1.How stable is the political environment?
2.Will government policy influence laws that regulate or tax your business?
3.What is thegovernment's position on marketing ethics?
4. What is the government's policy on the economy?
5. Does the government have a view on culture and religion?
6. Is the government involved intrading agreements such as EU, NAFTA, ASEAN, or others?
PEST Analysis Video
To watch the full Pest Analysis video please register FREE here
Economic Factors.
Marketers need to consider the stateof a trading economy in the short and long-terms. This is especially true when planning for international marketing. You need to look at:
1. Interest rates.
2. The level of inflation Employmentlevel per capita.
3. Long-term prospects for the economy Gross Domestic Product (GDP) per capita, and so on.
PEST Analysis
Sociocultural Factors.
The social and cultural influences on businessvary from country to country. It is very important that such factors are considered. Factors include:
1.What is the dominant religion?
2.What are attitudes to foreign products and services?...
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