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please write a complete answer under each question
List at least two objectives of conducting a PEST analysis?
How does a PEST differ from a Porter's analysis?
Cite one similarity between the PEST and Porters analysis?
Are both analysis needed when conducting an external analysis?
Do you think organizations should conduct PEST analysis?
What is meant by "competitive strategy"? List three generic competitive strategies?
After you finish answering the above questions filling out the following table on the attached file
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Explanation & Answer
Attached.
Outline
Introduction
Body
Conclusion
Running head: PEST ANALYSIS
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PEST analysis
Course
Institution
Professor
Date
PEST ANALYSIS
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Pest analysis
List at least two objectives of conducting a PEST analysis?
The PEST analysis focuses on identifying the various factors that contribute to an
operating environment of an organization. The first objective of the PEST analysis is to
determine the political, economic, social cultural and technological factors that would have an
impact on organizational operations. This would include scanning the environment within which
a firm performs its operations (Cadle, Paul & Turner, 2010). The second objective of the PEST
analysis is to enable the managers to assess the risks which might affect business operations thus
making the right decisions that would have a positive impact on organizational operations. PEST
analysis assists the managers in making guided decisions related to business activities and longterm success.
How does a PEST differ from Porter's analysis?
PEST analysis focuses on the different ways through which the operating environment of
a business affects its operations. On the other h...
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