Social and Technological Change

• What social factors are considered in PESTEL analysis?

  Demographics, norms, customs, and values
• Why are technological factors important in PESTEL analysis?

  They affect industry operations and innovations
• What is the impact of technological awareness in PESTEL analysis?

  It influences market entry and product launches
• How do cultural barriers relate to social factors in PESTEL analysis?

  They affect market targeting and workforce dynamics
• Why is it important to consider the education system in political factors?

  It affects workforce quality and availability
• How can demographic trends influence marketing strategies?

  They help identify target customer segments
• Why is it important to understand cultural factors in PESTEL analysis?

  They influence consumer behavior and preferences
• How can demographic changes impact business strategies?

  They influence target markets and product development
• How can technological factors impact a company's market strategy?

  They can dictate product development and innovation