PEST Analysis Understanding "Big Picture" Forces of Change (Also known as PESTLE‚ PESTEL‚ PESTLIED‚ STEEPLE and SLEPT Analysis) PEST Analysis is a simple‚ useful and widely-used tool that helps you understand the "big picture" of your Political‚ Economic‚ Socio-Cultural and Technological environment. As such‚ it is used by business leaders worldwide to build their vision of the future. It is important for these reasons: • First‚ by making effective use of PEST Analysis‚ you ensure that what
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EXPLAIN THE PURPOSE AND BENEFITS OF PEST ANALYSIS. PEST analysis is used to evaluate the political‚ economic‚ social and technological influences that organizations might face when they are about to start a project. It provides external factors that organizations should take into consideration before they start the projects. In this case study‚ the UNISION used PEST analysis to investigate the external environment surrounding migrant workers; it helps UNISON to identify and understand the reasons
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PEST analysis A PEST analysis is used to identify the external forces affecting an organisation .This is a simple analysis of an organisation’s Political‚ Economical‚ Social and Technological environment. A PEST analysis incorporating legal and environmental factors is called a PESTLE analysis. Political The first element of a PEST analysis is a study of political factors. Political factors influence organisations in many ways. Political factors can create advantages and opportunities for
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PEST Analysis A scan of the external macro-environment in which the firm operates can be expressed in terms of the following factors: * Political * Economic * Social * Technological The acronym PEST (or sometimes rearranged as "STEP") is used to describe a framework for the analysis of these macroenvironmental factors. A PEST analysis fits into an overall environmental scan as shown in the following diagram: Environmental Scan | / | \ | External Analysis | Internal
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Differences between fossil fuel and renewable energy One of the great issues facing world in the 21st century is how best to obtain the energy for supporting operations: heat and light‚ transportation‚ production and delivery of goods and services. Fossil fuel supplies nearly 90 percent of the energy‚ according to the U.S. Department of Energy. In contrast‚ only %5 is provided by renewable energy. There are several differences between fossil fuel and renewable energy. Fossil fuel are including:
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is renewable energy? Why is everyone out there concerned about the future of renewable energy? Well‚ the answers are not as tough as we would have expected‚ nor do they require a lot of action in order to succeed. Our planet is dependent upon us to keep it thriving‚ and the best way to do that is to switch over to renewable energy. Renewable energy effectively uses natural resources such as sunlight‚ wind‚ rain‚ tides and geothermal heat‚ which may be naturally replenished. Renewable energy technologies
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Alternate Energy should be used more. Renewable energy creates three times more jobs then fossil fuels. Renewable energy is being used more in the world. People are realizing that fossil fuels are going to run out soon and that it is destroying the environment. And burning these things releases greenhouse gasses that is causing climate change. Alternate energy should be used more because burning fossil fuels is causing climate change‚ drilling oil is dangerous‚ and alternate energy is clean and renewable
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PEST POLITICAL ECONOMIC Over the years‚ the Philippines has gone from being one of the richest countries in Asia to being one of the poorest. It has experienced growth and development since World War II. The current administration under President Gloria Macapagal-Arroyo is aiming for a more rapid growth in the coming years. In 2004‚ the Philippine economy grew by 6.1% surprising everyone. In 2005‚ the Philippine peso appreciated by 6%‚ the fastest in the Asian region for that year
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Name: Organisations Management and People Module code: HR 1004 Id : 105353 Pest analyses‚ also partially known as “STEP”‚ has always been undertaking a vital role to every dynamic of all business organisations. Each and every organisation has to undergo involvement and interference of certain factors relating political‚ environmental‚ social and technological factors (PEST). These factors may contain striving from other companies‚ price variation‚ unreliable raw material
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more renewable energy is an ideal method to tackle the problems‚ reduce the global warming effect and provide a better living standard. The nation all over the world has investigated the method to less rely on the fossil fuel. Hong Kong‚ being a part of the world‚ should also take the responsibility to do so. Many may wonder is Hong Kong potential enough to use more renewable energy? The answer is simple-why isn’t it? Renewable Energy in Hong Kong There are many types of renewable energy‚ hydropower
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