Entrepreneurship: PEST Analysis on UK Macro Environment and Relevant Skills and Traits for Launching a Business

Entrepreneurship

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................2
MAIN BODY..................................................................................................................................2
Pest analysis on UK macro environment.....................................................................................2
Relevant skills and traits that help entrepreneurship to launch a business..................................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
In this modern era, most of the organization majorly faces issue with regard to vision and
did not have any effective solutions to generate better outcome. That is why, entrepreneur helps
them to provide vision due to having it as a strong skill. T present report is shed a light upon and
helps to understand the concept of macro environment and skills required in an entrepreneur. The
current study also determines the macro environment by using PEST analysis. Further, report
will also describe list of skills possessed by entrepreneur and then describe the traits that makes
them an effective entrepreneur.
MAIN BODY
Pest analysis on UK macro environment
PEST analysis is used to determine the macro environment factor that affect the external
factor of a company or a country. This in turn used by companies when seeking to invest into
new country and that is why, there is a need to identify the macro environment factor. These is as
mentioned below:
Political factor: The factor is deal with political stability of a country and UK is consist
of England, Wales, Scotland and Northern Ireland. That is why, it is one of the most powerful
countries in a world and also have a modern parliamentary democracy as well as constitutional
monarchy with monarch (Barbara and et.al., 2017). That is why, the political stability is a great
strength of a country, however Brexit affect the country in negative manner. This in turn create
many uncertainties and political debates such as increase in tax, trade affected. Also, rise in
violence as well as crimes also considered serious concerns.
Also, UK maintain very good relations with US and other countries that helps it to
overcome many global issues. Along with this, the negative aspect of political factor includes
some well-hidden corruption that affect the overall performance of a country. Moreover, it has a
proactive government that helps in political stability because Brexit change the overall
performance of the country and this in turn causes many uncertainties. Having a stable
government, assist UK to rule over a people and it keep changes its policies by analyzing the
situation of a world so that it the citizen of the country does not have any negative impact.