PEST Analysis - Definition and Meaning Explanation

you are ...

• Understanding pest analysis
  
• Definition of parasite analysis
  
• Pest analysis explained
• Explaining the elements of parasite analysis

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Some random terms...

• scanning the environment
  
• sole proprietor
• PRICE
  

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ANALYSIS OF PARASITES

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Parasite analysis: Parasite analysis is derived to meet the limitations of SWOT analysis .

In fact, it can be said that the pest analysis is designed keeping in mind the limitations of the SWOT analysis in the wider range of environmental elements found.

This is why pest analysis is also important for an organization alongside SWOT analysis. It is also a management tool that helps management do a good job.

The word PEST consists of four different letters that mean the following for each word...

P = polycatalyst
                                      E = Free
                                      S = sociocultural
                                      Q = technology

So, considering the above elements, we can assume that the FIVE ANALYSIS is an analysis of the external elements of the business environment.

Therefore, we can easily accept the importance of parasite analysis along with SWOT analysis. Because swot analysis gives an idea of ​​some aspects and parasitic analysis gives an idea of ​​some external elements of the environment. Therefore, both are important to make managerial decisions.