Reference no: EM132863935
You will select a small business around you (a coffee shop, a convenience store, a boutique, etc.) and you may make field trips to observe and examine the elements of the business environment for this particular business, of course only if you are residing in BC. You may also conduct a brief interview with the store owner and/or employees to inquire relevant information in more detail. You will then provide a written report as regards how each of the environmental forces (economic, social, technological, competitive, environmental, political, and global factors) impacts your chosen organization, based on your observations and the information you will gather.
Your PESTEL analysis will basically examine some of the political, economic, social, technological, environmental, and legal factors affecting your chosen business organization. More specifically, make sure that for each environmental factor, you will examine your business's:
-current strengths,
-current challenges,
-future prospects, and
-future risks.
End your discussion with a holistic approach, and provide your own comments on the success, potential, and sustainability of your chosen organization in the industry in which it operates