Analyzing the Business Environment using PEST Technique

Running head: Business Environment 1
Business Environment Innovation & Entrepreneur
Student’s Name
University
Course
Date

Business Environment 2
Introduction
Studying and analyzing the business environment of the organization is very important since it
will facilitate adequate knowledge which will assist the entrepreneur to be successful in its
business operation. PEST technique is a useful tool used to study and analyze the business
environment. While an entrepreneur is performing the planning process, it is required to know
the environment through playing PEST technique (Ahmadi, Maleki & Ahmadi, 2019).
In this task, the PEST technique will be carried out basing "Langley Child development center"
as the organization. This will help to carry out the quick and successful strategic planning
process.
PEST technique – Langley Child Centre.
The planning process is formulating future strategies which will be implemented in the future in
the company. This is achieved through analyzing political, social, economic and technical factor
of the company in setting out strategies.
Political factor
These are factors which will affect the Child development center from the government political
situation. As the organization is recognized as a non-profit organization is depending on national
government programs to provide service to the children (Bryson, 2018). Therefore for the
Langley Child development center to carry out strategic planning is required to support fully the
political sector of government which later on the organization will receive favor from the
government.
Economical factor