PEST Analysis Overview

OptimisticCactus avatar
OptimisticCactus
·
·
Download

Start Quiz

Study Flashcards

17 Questions

What type of thinking does intuition typically complement?

Analytical thinking

In which kind of conditions is intuition said to excel?

Dynamic conditions

What is a key factor when intuition is needed?

No clear objective

Which profession is mentioned as historically new and associated with intuition?

Lawyers

What marks the differentiation between observer and observed in situations where intuition thrives?

Unclear

Which external factor does PEST Analysis help in understanding?

Political, economic, socio-cultural, and technological environment

What do Threats in PEST Analysis refer to?

External factors likely to have a negative effect on achieving objectives

Which of the following is NOT considered a political factor in PEST Analysis?

Interest rates

How do economic factors impact an organization in PEST Analysis?

Affect the cost of capital and purchasing power

Which factor in PEST Analysis relates to barriers to entry and investment in innovation?

Technological factors

What aspect of an organization do social factors impact according to PEST Analysis?

Consumer needs and market size

What is the main aim of sentiment analysis?

Creating structured and actionable knowledge

Which of the following is a characteristic of intuitive thinking?

Unfocused and nonlinear

What is a key quality of analytical thinking?

Focused, sharp, and linear

Which activity is NOT listed as something highly intuitive people do differently?

Follow analytical reasoning

What is a characteristic of intuitive thinking that contrasts with analytical thinking?

"No time" perspective

How does analytical thinking differ from intuitive thinking in terms of focus?

Intuitive thinking is unfocused and nonlinear, while analytical thinking is sharp and linear.

Learn about PEST Analysis, which is a tool for understanding the external macro-environment of an organization, including political, economic, socio-cultural and technological factors. Discover how it can help in evaluating market growth and potential threats to a business.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

PEST Analysis Quiz
2 questions

PEST Analysis Quiz

EuphoricStarfish avatar
EuphoricStarfish
D271 - video - 4.2 - 1
4 questions

D271 - video - 4.2 - 1

StrongerMoldavite8334 avatar
StrongerMoldavite8334
PEST Analysis: Understanding External Factors
18 questions
Use Quizgecko on...
Browser
Browser