The political dimension in PESTEL analysis refers to the impact of government policies, regulations, and political stability on a business. It can include factors such as tax policies, fiscal policy, trade tariffs, political stability and instability, corruption levels, and political ideology of the ruling party. These factors can greatly influence the business environment and the potential success or failure of a business. For instance, a change in government can lead to policy changes that could either benefit or harm the business. Similarly, political instability can create uncertainty, making it difficult for businesses to plan for the future.
How to anticipate potential challenges and harness emerging opportunities in an ever-evolving busine...
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