PEST Analysis for Personal Development

The assignment is a personal development plan that includes a PEST analysis (Political, Economic, Socio-Cultural, and Technological) for milestone three. The student, Tania Farhat, reflects on the strengths and weaknesses of her situation, considering factors such as government policies, economic trends, social norms, and technological advancements. She highlights opportunities and threats related to her personal development plan, including potential job opportunities and the need to stay adaptable in a rapidly changing environment.

OL 125: Personal Development Plan – PEST Analysis (Milestone Three)
Student Name: Tania Farhat
Date: 02/14/2017
Factor Opportunity Threat
Political  I always keep a
check over the
policy change in
the government.
 Creation of the
global bodies
may affect my
future, so I read
about them
often.
 Political issues
of the
neighboring
countries and
their plans may
also effect the
policies of our
country and in
turn can affect
my plans and
strategies for my
aim related to
job.
I am almost aware of
the new government
policies so it could help
me in future. As
government forms,
various plans for the
employment in the
country. I will be well
settled in future.
Political issues of the
neighboring countries
and the country’s
attitude to foreign
investment may
influence our country’s
investment hence my
plans in return. I am
planning to study
abroad but the
country’s relation may
not allow me to do so.
Economic  The economy of
my home tells
about my family
status and effects
my way of living
a luxurious life.
 In future, the
employment rate
and new job
opportunities
gone to affect
my economic
status.
 Taxation
changes by the
In few years, I’ll get
good job opportunities
because of my strengths
and the new
employment
opportunities as the
government is trying
hard to reduce
unemployment.
The economic status of
my family is very good
as of now. But the
threat is that in future if
the condition degrades
as of now then the
whole responsibility
will be on me. This
would create a stressful
economic condition.

country can
effect in a bad or
good way
depending on the
deflation or
inflation rate.
Socio-
Cultural
 As I have
discussed in my
SWOT analysis
that I am a
trustworthy
person and a
very socialite.
 I am aware of all
the ethics and
social taboos in
the society
 I am very much
comfortable in
this generation
and elder
generation as
well.
I am good at
communication with
others and a trustworthy
person hence, it will
help me to get a better
and long lasting phase
in the job I get into.
I am aware of the social
taboos, but all these old
statements affect me
because many of them
are worthless and I
don’t think twice to
stand against them.
Technologica
l
 I am a
technology lover
hence is aware of
all the new
technology
coming in my
way.
 Innovations and
research are what
I seek from press
media daily.
 I am aware of the
all new software
coming on the
way.
Being a tech lover it is
not difficult for me to
learn new technology
and software. This
would always help me
to be there with the time
and innovative ideas.
The software and new
technology are
developing so fast these
days that it is very
difficult to get access to
all of them. I am afraid
of the complexity in
them which may take
much time to learn.

Reflection: This PEST analysis helped me to think over political, social, economic and technical
issues that would help me to widen my area of thinking and research to develop my personality
not only for myself but to attain a better place in the society. The most interesting part in the
PEST were threats. The weak points are the one we should always take care off and work on
them. So, if opportunities encouraged me, the threats taught me not to be overconfident and think
over every aspect related to finance, politics, society and the new advancement. All these in
wholesome will help me in building up as a person and as an employee.

Bibliography
Ho, J. K. K. (2014). Formulation of a systemic PEST analysis for strategic analysis. European
academic research, 2(5), 6478-6492.
Wu, W. P. (2016). A Study on Business Strategy of Small Accountancy Firms.