What is PESTLE Analysis? Originally known as PEST Analysis‚ this is a macro environmental framework used to understand the impact of the external factors on the organization and is used as strategic analytical technique. PEST stands for "Political‚ Economic‚ Social‚ and Technological” factors. Francis Aguilar is referred to as the originator of this tool. He talked about ETPS – Economic‚ Technological‚ Political‚ and Social– as the four important factors for Scanning the Business Environment
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In developed countries the size of the insurance market is about eight to twelve percent of the GDP. In the United States the assets managed by the insurance sector are higher than the assets of the banking sector. This is one of the most important pillar of the economy and financial system. At the macroeconomic point of view‚ level of insurance increases the financial stability of the economy‚ reduce uncertainty by enabling effective risk management‚ and support economic activity and stimulate
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REPORT ON “ PESTLE Analysis and Sector ial Study of Russia” Today we are at the door step of 21st century. The world is widening without having a New and new developments are coming these days in all fields all over India to make the people life more comfortable and luxurious. The industries are growing so fast in India in order to satisfy all the needs of people. Similarly Gov. has supported to these companies for their development and progress of private companies. Practical Study
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Religare and its subsidiaries company: Religare Health and Insurance Company is just one of the many other subsidiaries of Religare Pvt Ltd. the others include Religare capital market corporate‚ Religare Securities limited‚ Religare insurance broking Ltd‚ Religare finvest limited‚ Religare Commodities limited‚ Religare capital market limited‚ Religare reality limited‚ RGAM Investment Advisers Private Limited‚ Vistaar Religare Capital Advisors Ltd‚ Religare Finance Limited‚ Shreyas Stocks Private
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PEST ANALYSIS PESTLE stands for “Political‚ Economic‚ Social‚ Technological‚ Legal and Environmental” and is used for business and strategic planning‚ marketing planning‚ organizational change‚ business and product development and research reports. By understanding these external environments‚ organizations can maximize the opportunities and minimize the threats to the organization. PEST Analysis Fast Foods The various Political‚ Economic‚ Social and Technical factors that a firm needs to
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For several years‚ the auto insurance industry relied on personal relationships that were built between local insurance agents and their local customers (Lewins & Davis‚ 2002). However‚ the way consumers seek auto insurance is changing possibly due to advances in technology. In today’s society‚ technological changes are constantly evolving. It is important for a company such as GEICO to adapt to consumer’s demands for the latest technology. The internet and website capabilities are just one
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Bangladesh. Central bank boosts commercial banks to finance more and more in the agricultural sectors‚ pharmaceuticals sectors. Government puts pressure on these banks to provide loans to SMEs and individuals. PEST Analysis (Political‚ Economic‚ Social‚ and Technological) A PEST analysis is an analysis of the external macro-environment that affects all firms including banking industry. P.E.S.T. is an acronym for the Political‚ Economic‚ Social‚ and Technological factors of the external macro-environment
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life insurance for your child or ever thought how you would pay their way through college? It’s a life insurance called Gerber Life Insurance Company that was formed in 1967 as a subsidiary of the Gerber Product Company to support new parents and moms raise joyful and healthy children. Gerber Product company is purveys of baby food and baby products. Today‚ Gerber Life Insurance Company is licensed throughout the United States‚ Canada and Puerto Rico. More than $45 billion of life insurance is to
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factors butalso forecast change‚ so that it can take advantage of changewithin the environments in which it operates.PEST analysis is used to identify the external forces affectingan organisation .This is a simple analysis of an organisation’sPolitical‚ Economical‚ Social and Technological environment.A PEST analysis incorporating legal and environmentalfactors is called a PESTLE analysis. 3. P for POLITICAL FACTORS E for ECONOMIC FACTORS S for SOCIAL FACTORS T for TECHNOLOGICAL FACTORS 4. Legislation
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INTRODUCTION This chapter identifies the main external influences on the UK market for private security and fire protection‚ using the four headings of a PEST analysis: political‚ economic‚ social and technological. Where such influences have more than one dimension‚ they are considered under the heading that is considered to be the most relevant. POLITICAL FACTORS The Terrorist Threat Precautions against terrorist attacks have been stepped up since the events of 11th September 2001‚ and
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