The second strategy is to take

Positively and negatively on our business. before executing any business plan 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.

Amake the most of the external

Social (S) Social factors that affect and business Norfolk Island 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) 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. Legal (L) Legal factors that affect and business opportunities, such as consumer protection laws.

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Such as your company

Copyright law Health and Safety Laws labor protection B2C Database 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. TOWS Matrix Proactive Strategy SO Strategies (Strengths and Opportunities The first and foremost strategy is to use the company’s internal strengths.

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