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The 6-4 Final Project Milestone Three: PEST Analysis

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6-4 Final Project Milestone Three: PEST Analysis
Attached Files:
File Milestone Three Assignment Template (158.519 KB)
Use the Milestone Three Assignment Template to complete this milestone.
The PEST analysis is designed to help you analyze the political, economic, socio-cultural, and technological changes in your business environment. It can also help you understand the big-picture forces of change as well as the opportunities that are present. The PEST analysis is useful for several reasons:
It helps you spot business and/or personal opportunities
Gives you advance warning of significant threats
It can help reveal the direction of change within your business environment, which can help you work with change rather than against it
It helps you avoid starting projects that are likely to fail for reasons beyond your control
It can help you break free of unconscious assumptions when you enter a new market or region by giving you a more objective view of this new area
The PEST analysis differs from the SWOT analysis because the PEST looks at the big-picture factors that may influence a decision, market, or potential new business, while the SWOT analysis looks at these factors at an individual or product level.
In using the PEST, consider thinking about the changes that are happening around you. Think about opportunities that arise from these changes and threats or issues that could result from them. 
Read PEST Analysis: Identifying "Big Picture" Opportunities and Threats to understand the four quadrants and questions that you should be asking yourself. View the video or read the transcript of the associated video in the article. Here the Link http://www(dot)mindtools(dot)com/pages/article/newTMC_09.htm
Use the assignment template to fill in the boxes in the template with elements that relate to your organization and industry.
You are encouraged to use results from your self-assessments that deal with groups/teams and the organization as you complete the analysis.
For additional details, please refer to the Final Project Rubric document in the Assignment Guidelines and Rubrics section of the course.
Click the assignment title above to submit your completed assignment

Other (Not Listed) Sample Content Preview:
OL 125: Personal Development Plan – PEST Analysis (Milestone Three)
Student Name:Date:

Factor

Opportunity

Threat

Political

The Consumer Financial Protection Bureau, (Kendler, 2015) requires than banking industry players adhere to all the regulations for the banks and their vendors
Other government regulations have been strengthened following the 2008/2009 financial crisis have been more stringent.
The Dodd- Frank and Consumer Protection Act, emphasizes regulation of the financial service industry to protect and manage customer data.

Ensuring sustainability by taking into concerns the interests of various stakeholders.

Failure to adhere to various banking and financing regulations.
Political disagreements and low bipartisanship affects the market negatively.

Economic

Uncertainty about the interest rates, which have largely remained low but are likely to rise.
The changes in the GDP and retail market affect the banking industry. There is uncertainty on the wellbeing of the economy as oil prices are at an all time low in the 21st century.
Currency exchange rates are volatile, with the U.S dollar rising against the major currencies, while Chinese Yuan has weakened.

Expanding services owing to customer and investor confidence on the industry.

Dealing with economic challenges, with China’s economy slowing, while the American economy has not met high growth rates.
The low interest rates and quantitative easing may be ineffective with time as growth rates have modest.
Shadow banking has operated largely unregulated (Huber,2016)

Socio-Cultural

Customers are increasingly conscious about spending money, and the savings rates have increased.
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