PEST analysis is the analysis or study of the external macro-environment in which the company operates and is expressed in terms of political, economic, social and technological factors. PEST analysis helps in understanding the market conditions and help the organization do their business accordingly.
P - Political
E - Economic
S - Social
T - Technological
Sometimes it is extended to PESTEL where the E and L stand for Environmental and Legal respectively.
Example for Telecommunication Company
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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