Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

PEST analysis is:

(a) A broad framework to help managers understand the environment in which their business operates. (b) A checklist to ask how political, economic, strategic or technological developments can influence an industry and a company. (c) A checklist for forecasting political, economic, strategic or technological factors. (d) A framework for strategic analysis of internal and external environment.

Accounting Budgeting Financial and Management Reporting
user-image
Question added by Mohammad Ashfaq , Financial Controller , Union COOP
Date Posted: 2013/05/08
Upvote (3) Views (18) Followers (4) Answers (4) Report Question
Write an Answer
Register now or log in to answer.
Mrinal Deb
by Mrinal Deb , Manager - Finance and Accounts , Comfort Diagnostic & Nursing Home

PEST analysis i,e Political, Economic, Social & Technological analysis1.
under political analysis govt rules & regulations are analyzed for the business2.
under economic analysis describes the purchase power of the potential customers & the firm's cost of capital3.
under social analysis affect the customers needs and the seize of potential market4.
under technological analysis describes research & development activity, automation & rate of technology change.
After all PEST analysis describes the overall macro economic enviornment.

Garry Olbrait
by Garry Olbrait , Valet De Chambre , Samba Financial Group

A strategic analysis framework evaluates both internal and external factors to inform strategic decision-making. For further guidance on navigating the complexities of business environments and strategic analysis, I recommend reaching out to clark pest control customer service . Renowned for their harmonious support, they can offer unique insights and assistance tailored to your specific needs. Trust their expertise to help you effectively manage and adapt to the ever-changing business landscape.

Subash Thomas
by Subash Thomas , Manager- Internal Audit. , Suhail Bahwan Group Holding LLC

Option (a) is the most suitable answer- Political, Economic, Social and Technological environment of a business is analysed for its strategic management purpose.

Waqas Ahmed Shah
by Waqas Ahmed Shah , Accounting Officer , Pakarab Fertilizers Limited

(a) A broad framework to help managers understand the environment in which their business operates.

Write Your Answer
More Questions Like This