Review:
Pest Analysis
overall review score: 4.2
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score is between 0 and 5
PEST analysis is a strategic tool used to analyze the external macro-environmental factors that can affect an organization.
Key Features
- Political factors
- Economic factors
- Social factors
- Technological factors
Pros
- Helps in understanding the external environment affecting an organization
- Provides insights into potential opportunities and threats
- Assists in strategic planning and decision-making
Cons
- May overlook internal factors impacting the organization
- Requires regular updates to remain relevant