Project 1- requires a PESTEL analysis.
Listed below are the six (6) parts of a PESTEL analysis. Ensure that you address all the areas listed under each category that may have a Medium to High impact on the company, based on your analysis of the information available. If your analysis is supported by facts, then it is credible and meets the course requirement!
Put your analysis in paragraph form. DO NOT USE AN ALREADY COMPLETED ANALYSIS!!:
Need for advocacy
Changes in employment laws
Consumer protection laws
Health and safety requirements
Change in the cost of goods
Increased or decreased buying power from suppliers
Potential changes to inflation, taxes, interest rate, exchange rate, and trading regulations
Emerging trends and methods
Press releases and interviews
Blog, article, book, and podcast content
Population growth rate
Education and career trends
Cultural and social conventions
Improved quality of parts and end product
Significant cost savings
Use of outsourcing to control costs and offer greater flexibility
Safety and health concerns
Seasonal impact of buyer purchasing
Current and impending legislation
Health and safety considerations
Anticipated legislation changes
Your country’s national laws
The laws of countries that are impacted by your work (customer locations, vendors, investors)
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