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What is PEST analysis of VW company?

The Political, Economic, Social and Technological (PEST) analysis for the Volkswagen company studies its external environment. This analysis is done to assess the potential of a new market for Volkswagen.


How external factors can influence a business using PEST analysis?

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What is the pest analysis of wh smith?

PEST analysis is an analysis of external factors influencing a business or organization. P stands for political factors, E for economic, S for Social and T for technological. Sometimes you can be asked to perform PESTEL analysis, which is similar to PEST, it just has 2nd E standing for environmental factors and L for legal considerations. If they ask you to do PEST for WH Smith it means you need to list all factors falling in the four categories listed above relating to this company.


Pest Analysis on China?

Sparrows in China were considered a major pest because of all the grain they consumed. Millions were killed by the Chinese in 1950 which has now lead to more pest taking over due to tampering with the ecosystem.


What is pest analysis Political Economic Social Technological analysis?

The Pest Analysis or Political, Economic, Social and Technological is a framework to analyze the external impact on an organization. For example, when I say conduct a PEST analysis on a small barber shop in town. Then we can say that in terms of Politics, government actions or laws can have an impact on the business. For example, the govt may increase tax for barbers around the town. In terms of Economics, we can say that the Purchasing Power or Income level in the area, can influence your business in terms of revenue or cost. You just need to know that PEST is a tool for analysis. It's called PEST, to simplify it and it's less burdensome on the memory. It's also important to know that in business, it's not the only tool for analysis. Others include SWOT. These models can also evolve or phrased differently, the latest one is called SPELT. Hope this helps. (cheong@bgymail.gd.cn)