PEST
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PEST Analysis
by Nathanael Okhuysen
When preparing for the future, companies engage in strategic planning. This process looks at factors both inside and outside the company, and frequently employs a SWOT analysis, or similar framework, to organize the information generated. Strategic planning that examines external factors is called environmental scanning.
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Storyboard Description
PEST analysis storyboard - political, economic, social / cultural, and technology
Storyboard Text
- Political
- Economic
- • Existing and upcoming legislation • Governmental and political stability • Taxes, tariffs, regulations, labor laws, etc.
- Social/Cultural
- P.E.S.T.
- • Health of the overall economy • Unemployment • Interest rates, inflation, exchange rates, etc.
- Technological
- • Demographics • Education, health, class structure • Cultural norms and attitudes
- • Recent technological developments • R&D activities • Rate and scope of technological changes
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