Business, that affect both positively and negatively on our business. that we ne to consider before executing any business plan There are both internal factors as well as external factors. PESTEL Analysis is the analysis of external factors that affect our organization and business. which reflects both obstacles and opportunities for doing business, consisting of factors in different areas as follows Political (P) Political factors that affect and business opportunities such as government policies. political stability political corruption International Trade Policy various tax policies, labor laws, trade restrictions, etc. Economic (E) Economic factors that affect and business opportunities such as economic growth trends currency exchange rate interest rate inflation unemployment rate, etc.
The first and foremost
Social (S) Social factors that affect and business Myanmar Email List opportunities such as the rate of population growth. average age of the population work attitude health consciousness Attitudes towards life, culture, etc. Technology (T) Technology factors that affect and business opportunities such as innovations that occur various research and development technological change awareness in technology automation technology The arrival of digital and AI, etc. Environment (E) Environmental factors that affect and business opportunities such as climate. Seasonal changes, global conditions, environmental regulations and policies NGO groups etc.
Analysis is a strategic planning
Legal (L) Legal factors that affect and business B2C Database opportunities, such as consumer protection laws. copyright law Health and Safety Laws labor protection law, etc. Cover photo by Simeon from FreeImagesTOWS Matrix is a comparative analytical tool to choose the right strategy to achieve the overall goals and objectives of the company, such as higher sales. increas profits TOWS Matrix is bas on SWOT Analysis us for auditing and analyzing your business, which is the first step of doing any business. TOWS Matrix is the next step in business planning.
