It has been suggested that if improved methods of storing, processing, packaging, and transporting are employed, output can be raised substantially for internal use, as well as for export.
Action of the government and political condition in the country affects the business in different manners. It must be a positive impact or a negative impact. It hampers the entire circular flow of income in the economy. It also hampers the circular flow of income as it experiences in lowering of the price in an economy.
The rate of unemployment dramatically hampers business. Social and cultural factors are the two integrated factors of the business, which brings both positive impact as well as negative impact in the business firm. I feel that the application of a proper situation analysis tool will guide the organization in different ways.
The study will analyze the entire important factor, which are included towards the application of PEST Analysis. Getting Tired of Never-Ending Assignments? The present firm in the Accounting firms pest analysis mainly deals in accounting and finance.
There are certain factors, which I feel the firm needs to conclude towards the development of the economic analysis. Inflation, employment rate, and deflation are the three key points, which needs to analyze in order to conclude about the environmental factor.
The third element of this particular tool is to analyze the socio cultural factor Gao, Population demographics and income distribution of the people are the important factors, which conclude the socio cultural factor in the financial firms. I feel it is one of the most significant factors in the entire tool.
Technological advancement includes evolution of new technology and new technology transfer. It will help the firm to identify what are the various kinds of business opportunities as well as the personal opportunities, which will provide advance warning of some significant threats.
Inflation and deflation are the two factors, which indicate both positive as well as negative demand; it hampers the entire circular follow of income in the economy and hampers the flow business. I feel that actions and the policy conditions of the country affects the decision making power of the business.
There are certain advantages for the technological advancement of the business. I feel that it reduces the cost of the operations in the business. However, I will conclude about the employment rate in the economy. Frequent employee turnover will bring negative impact in the overall proceedings in the organization.
In order to complete this particular investigation procedure I have done many research works for the development of this particular template and will allow the readers to conclude its various kinds of advantages.
Reference List Adl, A. Everything you need to know about SWOT analysis.A valid e-mail address. All e-mails from the system will be sent to this address. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to.
Type or paste a DOI name into the text box. Click Go. Your browser will take you to a Web page (URL) associated with that DOI name. Send questions or comments to doi. PEST analysis PEST analysis stands for "Political, Economic, Social, and Technological analysis" and describes a framework of macroenvironmental factors used in the environmental scanning component of strategic management.
Accounting Firm SWOT Analysis. Strengths. As such, many accounting firms can be acquired relatively inexpensively if an accounting firm owner is seeking to expand via acquisition. Threats. The threats faced by an accounting firm are somewhat minimal.
This is due to the fact that, given the complexity of tax law, the demand for companies. PEST analysis is an analysis of the political, economic, social and technological factors in the external environment of an organization, which can affect its activities and performance.
Financial Analysis Certification Course The Financial Analysis Prodegree, in association with EY as the Knowledge Provider, is a hour skill-building course covering accounting, financial modelling, valuation and equity research.