Google Slides: Widescreen Terms and Conditions. Privacy Policy. Contact us. There are a number of other handy slide layouts which come with sample clipart that you can copy to reuse or remove to replace with your own.
The slides come in animated form, so your added content will load with nifty animations and smooth transitions, giving your presentation a more professional look. The good thing about this template is that not only does it provide attractive, easy to edit slide layouts but also gives ample space to elaborate your analysis using text-boxes linked to each part of the PESTLE analysis. Such slides will become useful necessary tools for any manager, head, or simple employee who is engaged in marketing and business.
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This PEST plays a role in deciding the marketing strategy of any business. Performance of the economy has a direct impact on the business. The increase in inflation rates will affect the pricing of any product or service.
A company must take this factor into account to decide marketing their products and services. The people in the market will purchase products based on the supply.
The supply can increase only when there is a demand. This is a chicken and egg story, and hence economy of a country will influence the marketing plan of any business. Further, economic factors include the inflation rates, commercial growth pattern, foreign exchange rates, etc. This I will tell you in one line, and you will agree that society has an impact on the marketing strategy making.
During the holiday season like Thanksgiving or Christmas , the sales will boost in western countries. Yes, you understand that the culture and population decide in the marketing of a company. Needless to say that the technology and its advancement will have an impact on the business marketing. The automation, for instance, will bring down the need for handmade products and vice-versa.
This means that the company with machines and homemade business people must make a different marketing rule. They must know how to bring automation or advance the existing one to stand in the market. The legal and political may refer to same with minor tweaking.
Yes, both will talk about the law, regulation, etc. The safety standards, consumer law, and labor law will remain stable for over period. However business must practice following the changes to make marketing plans. Again environment may look repeat social or economics because it deals with people. The surrounding environment plays a role in the business planning.
Industries including tourism, agriculture , farming, etc. Only people and external factors decide on the marketing plan of a business and hence the company even if they money must depend on PEST to make a proper plan suiting the society. There are different kinds of templates used by companies for PESTLE analysis, and you can download one or more from here to plan your business and marketing.
Every enterprise needs to carry out strategic management as it plays a significant role in motivating and monitoring the companies meet their goals. Strategy planning is key to business success. One must think about the company strength like finance, people, and technology. The weakness of the company and based on which must devise a plan to take the business to the next level. Now that you what PEST analysis does, it helps much in making the best strategy for the industry. It helps company carry out business planning accommodating every factor and allows company take a firm decision about business.
Therefore while companies make strategy, they must look at every factor under each PEST section to freeze their plan. Each and every company is faced with some factors they cannot exercise influence on and the factors they can exert influence on. Demographics Analysis Demographics represent human population in a statistical form.
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