Political business plan

Ministers said the project, which would have been subsidised through household energy bills for decades, was too expensive compared with alternatives such as offshore windfarms and nuclear power. The capital cost for the lagoon, per unit of electricity generated, would be more than three times as much as the Hinkley Point C power station, he said.

Political business plan

Stick with PEST - nearly everyone else does. It's a matter of personal choice, but for most situations the original PEST analysis model arguably covers all of the 'additional' factors within the original four main sections. For example Ecological or Environmental factors can be positioned under any or all of the four main PEST headings, depending on their effect.

Legislative factors political business plan normally be covered under the Political heading since they will generally political business plan politically motivated. Demographics usually are an aspect of the larger Social issue. Industry Analysis is effectively covered under the Economic heading.

Thus we can often see these 'additional' factors as 'sub-items' or perspectives within the four main sections. Keeping to four fundamental perspectives also imposes a discipline of considering strategic context and effect.

Many potential 'additional' factors ethical, legislative, environmental for example will commonly be contributory causes which act on one or some of the main four headings, rather than be big strategic factors in their own right. The shape and simplicity of a four-part model is also somehow more strategically appealing and easier to manipulate and convey.

Ultimately you must use what version works best for you, and importantly for others who need to understand you, which is another good reason perhaps for sticking with PEST, because everyone knows it, and you'll not need to spend half the presentation explaining the meaning of STEEPLED or some other quirky interpretation.

If you have come across any other weird and wonderful extended interpretations of PEST I'd love to see them. On which point thanks D Taylor I am informed of one such variation, which featured in some coursework: Suggestions of origin gratefully received, and any other variations of the PEST model.

Generally speaking a SWOT analysis measures a business unit or proposition, whereas a PEST analysis measures the market potential and situation, particularly indicating growth or decline, and thereby market attractiveness, business potential, and suitability of access - market potential and 'fit' in other words.

PEST analysis uses four perspectives, which give a logical structure, in this case organized by the PEST format, that helps understanding, presentation, discussion and decision-making.

The four dimensions are an extension of a basic two heading list of pro's and con's free pro's and con's template here. PEST analysis can be used for marketing and business development assessment and decision-making, and the PEST template encourages proactive thinking, rather than relying on habitual or instinctive reactions.

Political, Economic, Social and Technological. As previously explained, extended variations of PEST eg. For example, Ethical and Environmental factors will always tend to produce an effect in at least one of the main four headings Political, Economic, Social, Technologicalbut it will tend not to work the other way.

Hence why the basic PEST model is often the most powerful - it puts more pressure on strategic appreciation and analysis than a longer list of headings. It works great as it is - why make it more complicated and less specific? If you are worried about missing or forgetting a crucial point of ethics or legislation or anything else keep a reference list of these headings, and only build them into the model if you are sure that doing so will make it work better as a strategic tool.

The questions are examples of discussion points, and obviously can be altered depending on the subject of the PEST analysis, and how you want to use it. Make up your own PEST questions and prompts to suit the issue being analysed and the situation ie.

political business plan

Like SWOT analysis, it is important to clearly identify the subject of a PEST analysis, because a PEST analysis is four-way perspective in relation to a particular business unit or proposition - if you blur the focus you will produce a blurred picture - so be clear about the market that you use PEST to analyse.

A market is defined by what is addressing it, be it a product, company, brand, business unit, proposition, idea, etc, so be clear about how you define the market being analysed, particularly if you use PEST analysis in workshops, team exercises or as a delegated task.

The PEST subject should be a clear definition of the market being addressed, which might be from any of the following standpoints: PEST analysis template Other than the four main headings, the questions and issues in the template below are examples and not exhaustive - add your own and amend these prompts to suit your situation, the experience and skill level of whoever is completing the analysis, and what you aim to produce from the analysis.

If helpful refer to a list of these other 'headings', for example: Apply some strategic consideration and pressure to the points you list under these 'additional' headings. Ask yourself what the effects of each will be on the 'big four' Political, Economic, Social, Technological.

Often your answers will persuade you that the original four-part PEST model is best and that using a more complex series of headings makes it more difficult to complete the analysis fully and strategically.

The analysis can be converted into a more scientific measurement by scoring the items in each of the sections. There is are established good or bad reference points - these are for you to decide.

This is useful when considering business development and investment options, ie, whether to develop market A or B; whether to concentrate on local distribution or export; whether to acquire company X or company Y, etc. If helpful when comparing more than one different market analysis, scoring can also be weighted according to the more or less significant factors.Communism and Democracy are two political ideologies or philosophies that dictate how political systems should be managed.

Both systems are considered to be 'left-wing' on the political spectrum and more liberal in nature than some other political. The FTSE has gone into reverse while sterling has stabilised after Thursday's political turmoil. politicians must get behind a "practical plan" for Brexit. News business headlines.

Award-winning news and culture, features breaking news, in-depth reporting and criticism on politics, business, entertainment and technology. A PEST analysis is a process for identifying the political, economic, social and technological factors that affect supply chains - both locally and globally.

Political Instability and Economic Growth The Harvard community has made this article openly available. Please share how this access benefits you. Strategic Plan: What Is It?

A Strategic Plan will be used to outline the purpose of Create Strategic Plan · Print % Free · 65,, Documents Made · Edit Online InstantlyTypes: Organizational Chart, Deed, Mechanic's Lien, Strategic Plan, Quit Claim Deed, W

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