PEST Analysis
PEST Analysis
Political
Economic
Social
Technological
Criteria Examples
Criteria Examples
Criteria Examples
Criteria Examples
Environmental regulations
and protection
Tax policies
International trade
regulations and restrictions
Contract enforcement law
Consumer Protection
Employment laws
Government organization /
attitude
Competition regulation
Political stability
Safety regulations
Economic growth
Interest rates & monetary
policies
Government spending
Unemployment policy
Taxation
Inflation rates
Stage of the business cycle
Consumer confidence
Income distribution
Demographics, population
growth rates
Age distribution
Labor / social mobility
Lifestyle changes
Work / career and leisure
attitudes
Entrepreneurial spirit
Education
Fashion, hypes
Health consciousness &
welfare, feelings on safety
Living conditions
Government research
spending
Industry focus on
technological effort
New inventories and
development
Rate of technology transfer
Life cycle and speed of
technological obsolescence
Energy use and costs
(Changes in) Information
Technology
(Changes in) Internet
(Changes in) Mobility
Technology
Note: PEST analysis can be useful before SWOT analysis because PEST helps to identify SWOT factors. PEST and SWOT are two different perspectives
but can contain common factors. SWOT stands for strengths, weaknesses, opportunities, threats.