PEST(EL)
What is PEST(EL)?
A fundamental tool used in the business world for
market planning that must be carried out to
comprehend “market trends” and more
importantly the “systematic risks” involved in the
market.
MACRO-ENVIRONMENTAL IN NATURE
POLITICAL
“When goods don’t cross borders,
Soldiers will.”
Factors like Political Stability, Tax Policy,
Labor Laws, Trade Restrictions, and
Tariffs.
ECONOMIC
“Opportunities exist In Problems.”
Factors like Economic Growth, Interest
Rates, and Inflation Rates.
MACRO-ENVIRONMENTAL IN NATURE
SOCIAL
“Culture is the name for what people are
interested in, their thoughts, their models,
the books they read and the speeches
they hear.”
Factors like Demographics, Attitudes, and
Beliefs
TECHNOLOGICAL
"Simplicity is about subtracting the
obvious and adding the meaningful.“
Factors like R&D, Technology Incentives,
and efficiency.
MACRO-ENVIRONMENTAL IN NATURE
ENVIRONMENTAL
“The Earth is what we all have in
common.”
Factors like Climate, Weather, and
Climate Changes.
LEGAL
“Ethics is knowing the difference between
what you have a right to do and what is
right to do.”
Factors like Consumer Law, Employment
Law, and HSE Law.
PEST OVERVIEW – ‘BANGLADESH’
P E S T
POLTICAL ECONOMIC SOCIAL TECHNOLOGICAL
• -1.21 PSI • 9.5% Growth Rate • Colorful Culture • $5B Tech. Exports
• True Democracy • $350B GDP • Impressive • Boost from the govt.
after 1980s • 10% Unemployment Education Policies in this sector.
• Kinder Business
Regulation