PEST Analysis is a strategic business tool that can help to understand the impact of external factors on a business. It allows a company to break down the macro-environment into specific areas - Political, Economic, Social, Technological, Environmental, and Legal, and understand the changes and trends in these areas. This understanding can help a business to identify potential opportunities and threats, make strategic decisions, and plan for future business strategies. It also helps in understanding the dynamics of the market, thus enabling the company to anticipate future business trends and take advantage of them.
Dive into competitiveness data and take into account the dynamics of your venture’s financial, techn...
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