Management

Environmental factors. Political Environment Social Technology Ethics formula Competition. Introduction An governments success is influenced by factors operational in its internal and external surround; an organisation can increase its success by adopting strategies which command these factors to its advantage. A successful organisation will non only understand existing factors but also estimate change, so that it can take advantage of change inwardly the environments in which it operates. swearing & micro environmental Factors The side by side(p) type of forces influence an organisations operating environment: Pest Factors These are external forces which the organisation does not earn direct control over these factors. PEST is an acronym and each garner represents a type of factor (Political, Economical Social and Technological). Micro environmental factors These are internal factors, which the organisation can control. PEST & comminute analysis A PEST analysis is utilize to identify the external forces affecting an organisation .This is a candid analysis of an organisations Political, Economical, Social and Technological environment. A PEST analysis incorporating legal and environmental factors is called a PESTLE analysis.

Political The first element of a PEST analysis is a study of political factors. Political factors influence organisations in many a(prenominal) ways. Political factors can create advantages and opportunities for organisations. Conversely they can position obligations and duties on organisations. Political factors include the following types of instrument: - Legislation such as the minimum wage or anti discrimination laws. - Voluntary codes and practices - Market regulations - Trade agreements, tariffs or restrictions - task levies and tax breaks - Type of government regime eg communist, democratic, dictatorship Non conformance with legislative obligations can lead to sanctions such as fines, adverse publicity... If you inadequacy to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.