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Societal shocks are not among the principal components of strategic significance in the PESTEL analysis because they are much harder for companies to anticipate and prepare for because they often begin with little warning. caused by political factors including the extent to which government intervenes in the economy in an ongoing manner. associated with anticipated sociocultural forces that include societal values, attitudes, cultural factors, and lifestyles that impact business. the result of technological factors that include the pace of change and technical developments that have the potential for improving society. dictated by foreseeable economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence.

Societal shocks are not among the principal components of strategic significance in the PESTEL analysis because they are much harder for companies to anticipate and prepare for because they often begin with little warning. caused by political factors including the extent to which government intervenes in the economy in an ongoing manner. associated with anticipated sociocultural forces that include societal values, attitudes, cultural factors, and lifestyles that impact business. the result of technological factors that include the pace of change and technical developments that have the potential for improving society. dictated by foreseeable economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Societal shocks are not among the principal components of strategic significance in the PESTEL analysis because they are O much harder for companies to anticipate and prepare for because they often begin with little warning. caused by political factors including the extent to which government intervenes in the economy in an ongoing manner. ○ associated with anticipated sociocultural forces that include societal values, attitudes, cultural factors, and lifestyles that impact business. ○ the result of technological factors that include the pace of change and technical developments that have the potential for improving society. ○ dictated by foreseeable economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence.
Transcribed Image Text:Societal shocks are not among the principal components of strategic significance in the PESTEL analysis because they are O much harder for companies to anticipate and prepare for because they often begin with little warning. caused by political factors including the extent to which government intervenes in the economy in an ongoing manner. ○ associated with anticipated sociocultural forces that include societal values, attitudes, cultural factors, and lifestyles that impact business. ○ the result of technological factors that include the pace of change and technical developments that have the potential for improving society. ○ dictated by foreseeable economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence.
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