4.2 curse A fella abstract stands for: political-, economic-, socio-cultural- and technological factors. These aras are listed, analyze and related to the BMW Group. The purpose of this is to get an impression of how the environs is personnel casualty to change in the future day (Lynch 2009). However, it must be kept in mind that a PEST compend number 1 and foremost builds on historical data. As previously menti matchlessd in the degree of turbulence outline, the environment gets a rating of 3, which intend it is likely to change. Hence, it baffles more difficult to c entirely in the future from prehistoric events. Further it must be admit that the results from the PEST analysis are not directly transferrable to the future. For this reason, the factors in the PEST analysis will be divide into three succession periods. The first beingness an analysis of departed events (the coda 5 years), corresponding to the historical financial analysi s. The last two period periods deal with the future. In order to look to the future accurately, the analysis is divided into the short run and the big run. Lastly, the factors will be quantified on a scale from 1 to 5 (1 being the most favorable for BMW). This should simplify the affinity between factors and kick upstairs make past and future events comparable (Appendix 5).
When applying too more factors, a PEST analysis can easily become confusing and irrelevant. The purpose of the hobby analysis is therefore to counselling on the most relevant factors and describe them in detail. 4.2.1 Political factors In the past one political factor ha! s become to several obstacles for BMW. This namely is the enforcement of untested laws. The areas, which at the moment are debated the most, are the emission of carbonic acid gas and the end-of-life vehicles directive (www.environment-agency.gov.uk, 2010). Tighter emission standards are on the agenda all over the globe, especially in OECD countries. It is not just a matter of national enactment; also some city areas are...If you want to get a full essay, order it on our website: BestEssayCheap.com
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