What does pest analysis mean?
Definitions for pest analysis
pest ana·ly·sis
This dictionary definitions page includes all the possible meanings, example usage and translations of the word pest analysis.
Wikidata
PEST analysis
PEST analysis describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. Some analysts added Legal and rearranged the mnemonic to SLEPT; inserting Environmental factors expanded it to PESTEL or PESTLE, which is popular in the United Kingdom. The model has recently been further extended to STEEPLE and STEEPLED, adding Ethics and Demographic factors. It is a part of the external analysis when conducting a strategic analysis or doing market research, and gives an overview of the different macroenvironmental factors that the company has to take into consideration. It is a useful strategic tool for understanding market growth or decline, business position, potential and direction for operations. The growing importance of environmental or ecological factors in the first decade of the 21st century have given rise to green business and encouraged widespread use of an updated version of the PEST framework. STEER analysis systematically considers Socio-cultural, Technological, Economic, Ecological, and Regulatory factors.
Numerology
Chaldean Numerology
The numerical value of pest analysis in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of pest analysis in Pythagorean Numerology is: 7
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"pest analysis." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/pest+analysis>.
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