it falls under the category of ‘environmental analysis’, which is to say that it revolves around identifying the various external variables that affect a business’s performance. one of the handy things about pestle analysis in particular (as opposed to other business management/analysis tools) is that it is very easy to conduct, as long as you are familiar with the six categories. that’s why we are writing this set of articles about each of the categories, from p to e. we’ll be providing definitions, in-depth explanations, and relatable examples. in pestle analysis, technological factors are variables which relate to the existence, availability, and development of technology. it might be unclear how technological factors can directly affect business, unless you take a step back and look at all of the technology that’s used in day-to-day life.
automation — the automation of many unskilled tasks can allow companies to replace human production lines with entirely machine ones. on the flip side, the gradual increase in job automation might not be such a great thing for job search firms. this presents an even larger market for many companies who use the internet to connect with their customers. in conclusion, technological factors are one of many external factors that can affect businesses, and are an integral part of pestle analysis. there are many different examples of technological factors which affect business, visible in companies from apple to starbucks. got other good examples of technological factors which affect business?
dxc technology company pestel analysis is a strategic tool to analyze the macro environment of the organization. they can impact individual firm’s competitive advantage or overall profitability levels of the technology industry. political factors play a significant role in determining the factors that can impact dxc technology company’s long term profitability in a certain country or market. the achieve success in such a dynamic information technology services industry across various countries is to diversify the systematic risks of political environment.
economic factors that dxc technology company should consider while conducting pestel analysis are – society’s culture and way of doing things impact the culture of an organization in an environment. transportation industry is a good case to illustrate this point. a firm should not only do technological analysis of the industry but also the speed at which technology disrupts that industry. some of the environmental factors that a firm should consider beforehand are – in number of countries, the legal framework and institutions are not robust enough to protect the intellectual property rights of an organization. some of the legal factors that dxc technology company leadership should consider while entering a new market are –
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