You will be prepared to tackle future challenges. Microsoft needs to integrate the following technological external factors in its strategies: It was also able to achieve a profit margin of On the other hand, the increasing volume of online transactions provides opportunities for Microsoft to develop more products that support secure online transaction processing.
On the other hand, the increasing governmental support for automation presents opportunities for Microsoft to increase its computer technology sales via governmental clients. It can also help to grow the IT Pest analysis technology industry in the private sector.
Apple could become the target of growing nationalism and anti-Americanism in China, which could reduce its market share. Apple should be able to thrive in spite of these challenges because it has demonstrated an impressive ability to adapt to a changing environment.
More technology firms could exploit such opportunity to enter the market. The government can make its use perfect and useful for the people and prevent to use for unsuitable purposes or for the crimes. This opportunity is based on the rapid adoption of and rising demand for mobile technology.
Jim Makos, director at Weberiencethe digital publishing, web development and marketing company behind the Pestle Analysis website, says PEST can help companies improve their decision-making and timing. Specifically, political factors have areas including tax policylabour lawenvironmental lawtrade restrictionstariffsand political stability.
They can compare their budget with the previous budgets and analyze how much amount was spent on any department and what did they get from it. These factors can affect how a company operates, its costs, and the demand for its products. However, the main threat against the company is competition based on the expansion of foreign firms, as indicated through the external factor of increasing international trade agreements.
This is generating calls for higher corporate taxation in the United States, where income inequality has become a major political issue. Political Factors The political situation in any country can affect the business of IT industry.
Through this external factor, the company benefits from easier business deals in overseas markets.
Furthermore, companies may change various management strategies to adapt to social trends caused from this such as recruiting older workers.
For example, the company can increase its investment in innovating computer gaming products for this purpose.
Now people can know about latest fashion designs, activities in the city, about any products and services and they can use it for online shopping and any other online work.Political, Economical, Social & Technological (PEST) Analysis of IT Sector in India by Nitesh Singh Patel, IMT Nagpur.
PEST analysis (political, technology incentives and the rate of technological change.
These can determine barriers to entry, minimum efficient production level and influence the outsourcing decisions. The model's factors will vary in importance to a given company based on its industry.
We are using the term information technology or IT to refer to an entire industry. In actuality, information technology is the use of computers and software to manage information.
Another extension of the IT industry is the ITES (Information Technology Enabled Services) which is a sector dependent on IT sector. PESTLE ANALYSIS. Tags: PESTLE pestle analysis pestle analysis business technological factors affecting business technology Related Articles The PESTLE analysis is the analysis of the environment as.
A PEST analysis looks at how external factors can affect a business's activities and performance. Here's how to create and use one. As identified in this external analysis through the PESTEL/PESTLE Analysis model, the opportunities in the industry environment should be adequate for Microsoft to continue as one of the major firms in the global computer technology industry.Download