Last Updated 25 Jul 2020

Pestel Analysis of Automotive Domain in Germany

Essay type Analysis
Words 297 (1 page)

PEST analysis of any industry sector investigates the important factors that are affecting the industry and influencing the companies operating in that sector. PEST is an acronym for political, economic, social, and technological analysis. Political factors include government policies relating to the industry, tax policies, laws and regulations, trade restrictions and tariffs, etc.

The economic factors relate to changes in the wider economy such as economic growth, interest rates, exchange rates, and inflation rate, etc. Social factors often look at the cultural aspects and include health consciousness, population growth rate, age distribution, changes in tastes and buying patterns, etc. The technological factors relate to the application of new inventions and ideas such as R&D activity, automation, technology incentives, and the rate of technological change.

Synergist's PEST Analysis is a perfect tool for managers and policy makers; helping them in analyzing the forces that are driving their industry and how these factors will influence their businesses and the whole industry in general. Our product also presents a brief profile of the industry comprising of the current market, competition in it, and future prospects of that sector. Please note that the report compilation, presentation, and dispatch may take 1-2 working days.

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Pestel Analysis of Automotive Domain in Germany essay

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