AiTmed's PEST Analysis on External Factors

TELEHEALTH- AITMED COMPANY
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AiTmed's PEST Analysis (External Factors)
Political
For AiTmed, the political climate is conducive for business. First, the company operates in san Francisco in California. The Californian government has continually passed legislation that favors tech companies. It is largely why Silicon Valley, which is home to major tech companies such as Facebook, Microsoft, among others, is headquartered there. The California legal framework has been conducive for tech startups, and AiTmed Is bound to benefit from them CITATION Lei20 \l 1033 (Buchanan, 2020).
Economic
AiTmed was born in the country with the largest economy in the world, the US. Economic analysis is derived from inflation, exchange rates, interest rates, capital markets, and job growth. The US has had a stable economy with moderate and healthy levels of inflation. The US dollar is the world's reserve currency, and hence it favors local companies in international trade. Thirdly, the labor market pool is highly skilled, with many graduates flowing from some of the best universities near san Francisco where AiTmed is located. These factors are among many that make the US economy very stable and conducive to startups like AiTmed.
Social
The social environment is conducive for AiTmed operations and products. The company product line is hinged on providing health services over the internet. Its primary market is tech-savvy individuals. The US has a high population of tech-savvy people who embrace technology and attempt to improve their lives. The people are very willing to try out new innovative ideas such as telehealth, which is largely why the company has continued to grow in the last few years.
Technological
Technologically, AiTmed is in an advantageous position. First, its products and modus operandi are pegged on technological advancements. Secondly, the company was born in one of the most tech-adoptive environment, near Silicon Valley. There are many tech companies within an hour's drive from where AiTmed is located, and it could help the company grow because of its proximity to other tech companies.
The Key Issues from Each PEST Analysis Quadrant

Analysis

The Key Issues from Each PEST Element

P (Political)

Favorable pol...