PEST Analysis Example: New Energy Vehicles Industry

Description:

PEST analysis can be used to assess markets for a particular product or a business at a given time frame. This is a PESTLE Analysis example for the new energy vehicles industry. It shows the political, economic, social, technological, legal and environmental factors that affect the growth and stability of the pharmaceutical industry. Such a PESTLE chart can help market players to identify the best way to survive and adopt to the market.

What is PEST Analysis?

PEST analysis is one of the most commonly used strategic analysis technique to use in recognizing market changes, and as such the position, potential and direction for a business. PEST is an acronym for Political, Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. Sometimes it's expanded to include legal and environmental factors and called a PESTLE analysis.

How to perform PEST Analysis?

You can perform PEST Analysis easily with Visual Paradigm Online. Here are several quick steps:

  1. Create a PEST Analysis diagram.
  2. Create a PEST table.
  3. Identify the four factors that influence your business and list them in the corresponding compartments.
  4. Once your diagram is complete, you can save it (File > Save as) to our cloud repository for future access. You can also export your work into image (JPG, PNG, PDF, SVG, etc) and share it with your co-workers.

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