MHR 441 course

MHR 441 course - Dylan Abruscato Course Reflections Memo 1...

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Dylan Abruscato MHR 441 Course Reflections Memo 1 10/26/2011 Over the course of the semester, we have discussed an abundance of theoretical concepts related to technology entrepreneurship. The one that stands out the most in my mind is the concept of PEST analysis. PEST stands for Political, Economic, Social, and Technological. It is used to oversee the potential environmental factors that could have an impact on a business, or any other endeavor. Political factors include taxes; economic factors include interest rates; social factors include population; and technological factors include research and development. This is important as we embark on entrepreneurial careers because no matter what industry we go into, we will need to be aware of all of such factors. For example, if I pursue my dream of creating a punch-based system for the hungry, I will need to be aware of safety trends, tax policies, and other costs, just to name a few. PEST analysis can facilitate that.
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This note was uploaded on 03/28/2012 for the course MHR 441 taught by Professor Kim during the Spring '12 term at Wisconsin.

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MHR 441 course - Dylan Abruscato Course Reflections Memo 1...

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