PEST Analysis Report: Course Name, Semester 1, 2024

This report provides a PEST (Political, Economic, Social, and Technological) analysis, a framework used to assess the external environment affecting a business. The analysis examines various factors, including political aspects like government regulations and tax changes; economic factors such as interest rates and unemployment; social factors like population demographics and consumer demand; and technological advancements impacting business operations. The report references sources to support its findings. This report is available on Desklib, a platform offering AI-based study tools, past papers, and solved assignments for students to enhance their learning and understanding of business development concepts.

PEST analysis template
A PEST analysis (political, economic, social and technological) assesses a market,
including competitors, from the standpoint of a particular proposition or a business.
Subject of PEST analysis:
Political Economical
Introducing goods and services tax
change in the minimum wages law.
Government laws, rules and regulations
for enhancing business functioning
performance.
Increased rate of unemployment, lower
rate of interest and reduction in market
share. Skilled labour and workforce for
improving profit level and contributed to
the economic growth (Anderson 2016).
Social Technological
© Aspire Training & Consulting Page 1 of 2
Document date: July2015
[unit code and title]...........................................................................................................................................
[student name].......................................................... [id].................................... [date]..................

PEST analysis template
Managing business online and use of
technology supported by computer
systems. Socialising with people and
providing employment opportunities are
also other social factors impacting
business.
Growth in population, ageing population
and changes in demands of customers
have resulted in making the company
implement newer and advanced
technologies (Burke 2017).
Implementation of newer technologies
has increased production and provided
scopes for starting international business.
References
Anderson, D.L., 2016. Organization development: The process of leading
organizational change. Sage Publications.
Burke, W.W., 2017. Organization change: Theory and practice. Sage Publications.
© Aspire Training & Consulting Page 2 of 2
Document date: July2015
[unit code and title]...........................................................................................................................................
[student name].......................................................... [id].................................... [date]..................