Assalamualaikum buddies,
what i have learn today?
Today we learn about the external environment of a company.
It contains 6 factor that would cause and effect a companies stability.
PESTEL Concept,
Political - tax policy, fiscal policy, politic climate tariff and etc.
Economic - exchanges rate,unemployment rate, inflation rate and etc.
Sosiocultural - attitudes, cultural factors, lifestyles growth rate, age distribution and etc.
Technological - the pace of technology change and technical developments
Environmental - weather, climate changes and water shortages.
Legal/Regulatory - consumer law, labour law, minimum wage, occupational health and etc.
The 5 strongest Forces
Rivals/Substitutes/Suppliers/Buyers/New.
Easy To Enter, Hard To Maintain...
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