Some Additional Models - Some Additional Models Syed Ferhat...

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Some Additional Models Syed Ferhat Anwar Professor, IBA
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PEST (1 of 4) z An organizations operating environment can be analyzed by looking at: { External forces (those factors that an organization has no control over), { Internal forces ( factors that an organization has direct control over) z The external environment of an organization can be analyzed by conducting a P.E.S.T analysis. This is a simple analysis of an organization Political, Economical Social and Technological environment.
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PEST (2 of 4) z Political z Political factors can have a direct impact on the way business operates. Decisions made by government affect our every day lives and can come in the form of policy or legislation. The governments introduction of a statutory minimum wage affects all businesses, as do consumer and health and safety laws and so on.
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PEST z Economical z All businesses are affected by economical factors nationally and globally. Interest rate policy and fiscal policy will have to be set accordingly. Whether an economy is in a boom, recession or recovery will also effect consumer confidence and behavior.
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PEST (3 of 4) z Social z Within society forces such as family, friends, media affect our attitude, interest and opinions. These forces shape who we are as people and the way we behave and what we ultimately purchase.
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Some Additional Models - Some Additional Models Syed Ferhat...

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