What is the difference between pest and pestle

By the end of the last century, the fertility rate of the population had fallen below the replacement level, and even a negative population growth occurred. Therefore, the focus of future world population growth will be concentrated on developing countries and countries.

In , This proportion will rise to Therefore, from the future world population distribution trends and beer Looking at the characteristics of low cost, health care and fashion, the future development trend of this industry is to advance to developing countries. Technological factors From the perspective of scientific and technological factors, "one of the most dramatic factors that change the destiny of mankind is technology".

The development of an enterprise cannot be separated from technology. Without technology and product innovation, there will be no growth and progress of the enterprise and no future of the enterprise. The reason why "Yanjing" dares to challenge the world's beer giants in the market is precisely because they rely on technology and product innovation. It can be seen that the relationship between the beer industry and technology is not inferior to the relationship between IT industry and technology.

However, from The overall status of China's breweries seems to be still low, small in scale, high in material consumption, and low in efficiency. The water consumption per ton of beer produced is 8 to 40 cubic meters, and the corresponding displacement is 7 to Between cubic meters, and the water consumption per ton of beer in developed countries is only cubic meters, indicating that there is still a certain gap between the advanced level of Chinese breweries and that of foreign developed countries.

Therefore, continuous technological innovation, technological progress, saving limited resources, and strengthening environmental protection are the development trends of the beer manufacturing industry. Environmental factors From the analysis of natural factors, most industrial production activities inevitably damage the quality of the natural environment.

Nowadays, from the United Nations to governments around the world, they have paid enough attention to environmental pollution and formulated relevant laws to stop them. This is not only the objective need to protect the global environment, but also the general trend of "harmonious coexistence between man and nature". For the beer brewing industry, its environmental factors are extremely relevant and cannot be ignored.

Also think about how it may affect your topic in the future, assuming anything changes. Be sure to examine political parties in power, how an upcoming election may change things, and discuss how political corruption could make or break your topic. Economical: This is all about money; profits, expenses, taxes, and inflation. This section is easy if your topic is a business or country. For a business, examine if profits are up or down and why. Also consider the impact of differing currency strengths, especially if your topic does business internationally.

Social: Demographics, citizens, and consumers. This part mainly discusses people , unemployment rates, minimum wage, or household income. You can also discuss social media or other means of communication. Include customs or cultural differences if applicable. Technological: This is where all discussions of technology happen. How is technology impacting the topic? It includes the following steps: Step 1. Step 2. Identifying which of the PEST factors represent opportunities or threats.

Strategic Management: Concepts and Cases. FT Prentice Hall, p. Whittington, R. Exploring Corporate Strategy. PEST analysis. Health consciousness Education level Attitudes toward imported goods and services Attitudes toward work, leisure, career and retirement Attitudes toward product quality and customer service Attitudes toward saving and investing Emphasis on safety Lifestyles Buying habits Religion and beliefs Attitudes toward green or ecological products Attitudes toward and support for renewable energy Population growth rate Immigration and emigration rates Age distribution and life expectancy rates Sex distribution Average disposable income level Social classes Family size and structure Minorities.

PESTLE identifies how various macro-environmental factors may affect an organization and its competitive standing. Porter's 5 Forces is an analytical model used to help identify the structure of an industry and to help companies determine their competitive strategies.

Porter as part of his book " Competitive Strategy: Techniques for Analyzing Industries and Competitors ," published in The model can be applied to any segment of the economy. It helps explain why various industries maintain different degrees of profitability. As the name suggests, there are five factors that make up Porter's 5 Forces. They are all external, so they have little to do with the internal structure of a corporation:.

When a company's management uses the five forces, it can create ways to take better advantage of a situation of strength, overcome a situation of weakness, and avoid making mistakes that would provide someone else a competitive edge.

Managers can brainstorm various factors associated with each of the five forces. For example, they may examine the number of suppliers, the use of suppliers, the uniqueness of service, the ability to substitute suppliers, and the cost of changing suppliers. This, in turn, can lead to a boost in profits, thereby increasing earnings for a company's investors.

It is an analytical tool available to companies to determine how external factors influence their operations and make them more competitive in the market.

This method looks at the factors in a nation or marketplace, and examines how those factors affect the consumer:. PESTLE analysis allows managers, marketing, and financial experts to examine specific factors outside of money when making decisions about the company's services or products.

This may include examining customer demographics , culture, and buying patterns. Or they may choose to look at the environment and how it plays into consumer reach.

Adverse weather conditions, how the customer views sustainability, and even environmental policies at the local or national level can affect the future of the brand.

Results from PESTLE analysis allow the company to make specific choices when planning the company's future, from how the brand should be presented, to any changes within the structure of the company's organization, to the development of new products. It's primarily used to identify both threats and opportunities due to external influences.