How can I write a report on the analysis of the pests?
The way to write a report on the political, economic, social and technological (pest) analysis is to consider each of the factors for which they affect or likely to affect society. The report on pest analysis is a strategic business tool used by businesses to determine their current position on the competitive market to use this knowledge to restructuring business. Those who want to start a business are also used to find out how such an organization can be placed for success.
An example of a political factor that needs to be considered when writing a report on pest analysis is the stability of the government. Business in a country with a stable government can calculate it as a positive factor. Government regulations and politicians also play an important role in business success. For example, a company that produces rubber sandals may be influenced by the ban or trade restrictions on imports of raw rubber into the country. Another example of IS by furniture trade that can be influenced by government regulations that increaseOwn duty in imported furniture. This can cause the company to compensate for an increase in the price of imported furniture. Customers who are not satisfied with this increase can rebel with a focus on cheaper, locally produced furniture.
The economic factor that needs to be considered when writing a pest report is consumer expenditure habits that may affect decreases and climb in the economic cycle. The recession could also negatively affect or positively influence the company depending on the type of product or service it offers. Luxury goods are the first items to hit a list of consumers during the recession. Basic goods or products with lower price may benefit. For example, a dollar trade can increase profits from greater consumer demand during the recession.
Socio -cultural factors must be the Czech Republic's writing reports on the analysis of pests. This includes aspects such as social standards and culturesConsumer habits that can affect the way they spend money on goods and services. Another factor that is included in socio -cultural factors is religion and its influence on consumer expenditure habits. Technological factors must also be included in writing a report on pest analysis, as technological progress often plays an important role in the company's success. It can also affect the way society operates. For example, advances in technology have facilitated most companies to use automated systems instead of living customer service representatives to answer some simple questions from customers to the phone.