Business Pest Analysis

When it comes to business there are a certain set of tools that are needed to guide the business to the next level. Much like a carpenter needs his tools to create a masterpeice, the members running a business also need tools. The tools can range from hardware like computers, data lines, servers or something as simple as log books. Or the tools can be in the form of software like database programs, spreadsheets or tax software. However there is another tool that is often over looked and not use to the full potential. Personnel and their various business ideas and strategies. Now understanding that not all personnel have strategies, that needs to be in the toolbox for thee members that are either running or managing the company. Over

Often, this is likely the area in which your competitors are performing well.

PEST - This type of analysis is a framework that can be used to examine the external environments. The process focuses on learning about the different external factors which affect the company.

PEST much like SWOT is an acronym for four factors. These four areas studied in PEST are:

• Political: This area studies the current political situation. It also includes the potential political influences.

• Economic: This area is about the national and global economy impact.

• Sociological: This external area focuses on the ways a society can have an effect on your company.

• Technological: This area looks at the effect of emerging technology and when and where you should employ these new technologies.

MOST - The MOST analytical tool does the opposite of the PEST tool and does an internal investigation versus an external investigation. This analytical too ensures that your task is in line with its own four attributes of measurement. The different elements that are looked at in MOST are:

• Mission: Determining where your business intends to

It claims that the analysis much flow from one stage to another, as well and the requirements follow this plan to reach the intended solution. SCRS uses another four-factor acronym to identify its sections.

• The term is an acronym for: Strategy, Current State, Requirements, Solution For our company, the one I think will be best is the PEST analysis. In using the PEST analysis the elements that involve the competition and the implementation of expanding into the global market share. In dealing with the politics for both the US and Brazil the relationships must be looked at and fostered. This can ease the burden of some processes. With the economy, the potential growth for the overseas market, the analysis must be tracked. Making sure the profit margins go in the upward direction will require the team to observe the economy in multiple countries as well as the social changes from region to region. The social construct in the US is vastly different from other countries and will need to be monitored. Finally taking advantage of newer technologies will be a must. From factory automation, global online sales and database tracking. Each of these areas uses technology. The PEST matrix allows for all these to be analyzed and is the best option for the