OL 125: Personal Development Plan – PEST Analysis (Milestone Three)

This report presents a PEST (Political, Economic, Social, and Technological) analysis as part of a personal development plan. The analysis explores how various external factors can influence an individual or organization. The political section discusses the impact of new policies and legislation, highlighting potential opportunities and threats. The economic analysis focuses on unemployment, globalization, and inflation, assessing their effects on skilled workers, manufacturing, and business profitability. The socio-cultural aspect examines social taboos, generational shifts, and religious beliefs, emphasizing the importance of adapting to societal changes. Finally, the technological section addresses the impact of new technologies and competitor access to these technologies. The reflection section summarizes the importance of PEST analysis in understanding the external environment, identifying opportunities and threats, and making informed decisions. The report concludes with a bibliography of relevant sources.

OL 125: Personal Development Plan – PEST Analysis (Milestone Three)
Student Name: Tania Farhat
Date: 2/10/2017
Factor Opportunity Threat
Political  The new elective
party in the
council may
affect positively
or negatively.
 The knowledge
of new property
rules and law
rights has a great
impact on an
individual or
whole
organization to
be started.
 The customer
protection
legislation is also
one of the factors
to analyze.
The customer
protection legislation is
helpful to bring out the
fraud organization. This
reduces the competitive
member and clears the
right path for the true
competitors.
The new elective party
can be a big threat to
one because it may
change the rules and
might introduce new
laws which may not be
in your organization’s
favor. This is a great
threat which may bring
you to the bottom.
Economic  The
unemployment
rate in the
country effects
so as to get the
skilled workers.
 The globalization
also affects the
economic
environment.
 The recent
inflation rate of
the country
effects the
economic
benefits and loss.
The literacy rate is
increasing with the
passing decades and the
unemployment rate or
the unemployed will
get benefit so as we do.
Skilled but employed
will get job and income
and our company will
get a working hand. It
is a mutualistic
approach.
The rate of inflation
can cause a great threat
to an organization. The
manufacturing rate may
hike which in turn
become a responsible
factor for low
production so well as
low-profit rate or a
great loss. It may
reduce the retailing,
lead to fall of the
business.
Socio-
Cultural
 One should be
aware of the
social taboos and
their affect in the
Hiring the youth may
help an organization to
introduce new and
fruit-full ideas. The
In the era of science
and technology if you
are surrounded by the
old beliefs and social

society towards
you.
 Generational
shifts or may call
it as a new
generation
attitude and their
ideas towards the
business should
match up with
yours so as to
conquer the
youth.
 Religious beliefs
and lifestyle of
the society must
be kept in mind
so as to get
success in the
area.
bunch of old and young
generation becomes a
hub of experienced and
smart workers. Hard
work and smart work is
a great combination to
become a lead in the
business.
taboo like ideas then
you’ll definitely fall
back somewhere or the
other. One should be
aware of the place,
environment and the
society beliefs before
the start of an
organization otherwise
it is gone to be a curse
as a saying by oldies.
Technologica
l
 New
technologies on
the horizon may
affect the
business.
 Knowledge of
the focus of
research in the
educational
institute is must
so that one may
take advantage or
beware of the
disadvantages
because of them.
 Competitor’s
access to new
technology is an
area of great
concern.
Arising new technology
in the industry may
have a great impression
on the organization.
Technology is first
tested then only is
introduced somewhere
so it has no doubt in
answering that new
technology can harm
the growth of the
business in any way. It
brings great
opportunities with it.
On the one hand, new
technology is bringing
a great luck to the
organization but the
major threat is also the
new technology being
accessible by the
competitors. The
competitors are using
new technology and
how accurately is what
effect the most.
Reflection: PEST analysis is a business measurement tools to understand the growth and
decline of an organization. Political, economic, social and technology are a framework so as to
review a situation, position and direction of a company to establish or already established. For

me, the most interesting about PEST analysis was to point down the opportunities and threat. All
these findings and analysis helped me know about the new policies, laws, competitions, research
and plans in the country. This helped me to seek new opportunities and the ideas to apply them
in the right way. On the other hand, it also told me how to be there in the business world taking
competition in a healthy way. Knowing about the threats, it helped me to work on them so as to
remove the upcoming hurdles. In short, it guided me to know about the political issues of the
elected party and new laws and conspiracies. Economic factors helped me to resolve the issues
with the skilled workers and manufacturing details. It also aware me with the society’s taboos
and youth’s new ideas. It keeps me in the new technology zone so as to catch up with the fast
growing trends.
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.