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PEST Anlaysis PESTLE Analysis PESTEL Analysis

PEST Anlaysis PESTLE Analysis PESTEL Analysis

Task Outline:

This task requires you to prepare a simplified report on the current and emerging nature of the business environment. This report be based on three Portfolio of P.E.S.T. issues that you have identified as influencing shaping the business (macro) environment. The Portfolio will be your collection of three articles that have been reported in reputable newspapers, business and trade publications, or similar reputable and respected publications (refer to examples below).

  • Journal articles must NOT be used as a current business environment issue for analysis.
  • No duplication of topics are allowed, i.e., no two articles on the same issue can be analysed. Nor can the one issue (e.g. COVID-19) be analysed twice.
  • The articles in this portfolio MUST have been published in the mainstream news media from 1st June 2020 until 31st August 2020.

Examples of Reputable Business News Sources

You are required to collect 3 articles from quality news sources, such as those outlined below, that identify changes in the business (macro) environment that have affected the way an industry operates.

The changes identified in the business environment must be clearly related to one or more of the P.E.S.T. factors (political/ economic/ social/ technological).

You should access relevant business environment articles from current, credible, local, and international business sources, such as:

inc.com economic.com afr.com

fortune.com

forbes.com

bloomberg.com

entrepreneur.com/magazine

fastcompany.com/

bmmagazine.co.uk

africanbusinesscentral.com/

The use of recently published academic journal articles is acceptable as a support reference (i.e. citation) source only.

It is your responsibility to determine whether a business news article is worthy of PE.S.T. analysis. To assist you in making this determination, ask yourself the following question: Is the business issue I am planning to report on significantly impacting the entire industry? If not, you may need to find another business news issue. Remember, you are analyzing the impact of the issue on the specific industry, not the company or institution affected by the issue.

It is also your responsibility to determine if the source of your news item (that you are analyzing) is reputable or credible (HINT: Research is your friend).

The business news articles selected do not have to be related to each other, and therefore, should be analysed as individual (i.e. independent) issues. The news articles are part of your reference list for this task along with any additional resources you cite in your analysis. The articles sources for analysis must have originally been published in English.

Your analysis must demonstrate your understanding of why it is essential for business to monitor and adapt to the business (macro) environment(s) they operate in. Your report will compliment your conceptual understanding with an in-depth analysis of the implications your Portfolio of PEST issues may have in terms of future strategy development and/or the operational and investment decisions that business will make into the future – both the short-term and the long- term. Therefore, the focus of this task, is a demonstration that you have understood how to apply the P.E.S.T. framework to an issue impacting the broader business environment, rather than your opinion on the issue being analysed.

Your Portfolio of P.E.S.T. Issues report must include your own meaningful insights that are based on your own synthesis of the important macro/industry level issues, and your own analysis not purely descriptions. Simply agreeing with an author’s opinion on the issue is not original thought, nor is it your own original analysis. In simple terms, your report must address a ‘so-what’ question to what you have identified and analysed is happening in the wider business environment. In other words – the report is designed to help you to understand the impact of the issue on the broader (macro) business environment. Accordingly, not all P.E.S.T. factors are necessarily relevant for every one of the five issues identified for analysis in this report. For example, if there is no political impact related to the business issue you have identified, do not analyze the political impact. As importantly, the PEST framework is not a predictive tool. Do not apply the PEST framework to analyse how the focal news issue will affect the future of the business environment.

In summary, you are analysing the specific impacts, of a specific business issue, on a specific (one) industry.

Marking guide:

Issue *3 (25%*3 = 75%)

  • All appropriate PEST factors were identified, appropriately applied and analyzed with relevant insights provided.
  • The issue analyzed was understood in great depth relative to its impact on the business environment.
  • The analysis was supported with relevant research references.

Proper organization, professional presentation and APA formatting (10%)

  • Analysis demonstrates a superior level of organisation of content in a clear and logical way.
  • Report presentation is extremely professional.
  • You fully reference your material using the APA referencing system correctly.

A minimum of 15 relevant references were provided (10%)

Word limit (5%)

Expectancy Effect-Lab Report Psychology

Expectancy Effect-Lab Report Psychology

Follow attached instructions

Use the sample provided as a guide

APA style formating

7-10 pages

3-5 sources

Project Charter

Project Charter

For this Course Project, you may choose a project that is of interest to you.  When selecting a project, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small). Projects may vary from a few hundred thousand dollars to a few million dollars. Projects should last somewhere between 6 months and 2 years. Be sure your selection is an actual project and not routine work. Pick a project with which you have some experience and familiarity. Do not pick a topic, such as a construction project, unless you understand construction well.

Some successful project ideas.

  • The opening of a coffee shop-This will be my project Idea

Note: A project to build a house is NOT acceptable as it is too large a project.

After you obtain approval for your project idea, you will complete your project charter, which is due this week. The following are Important sections to be included in your project charter.

  • Project Title/Name: ELITE COFFEE BREW
  • What will the project be known as? PROJECT STAY AWAKE
  • What shall we call it? Each project is normally given a unique name.
  • Project Description/Mission/Purpose: What is your project going to accomplish? How does this project relate to overall goals and objectives of the company? It is part of a program or larger project?
  • Statement of Work: What will this project create? What is the product of the project? At a high level, how do you plan on doing the work of the project? What are the high-level deliverables for this project?
  • Objectives: What objectives, if any, of the company is this project designed to meet?
  • Business Need: Why should we do this project? What will be gained, changed, or modified? Is there a financial or business reason to do this project? This area should contain any feasibility studies, NPV, PI, PB, or PBD used to advance the project.
  • Project Manager and Stakeholders: Who will lead this project? Who are the major stakeholders?
  • Milestones: What are the key milestone dates associated with the project?
  • Budget: What is the order-of-magnitude budget for this project?
  • User Acceptance Criteria/Quality: What are the minimum success criteria as defined by the key stakeholders?
  • High Level Assumptions: What are the assumptions on which the project is based?
  • High Level Constraints: What are the major limiting factors that affect the project?
  • Exclusions and Boundaries: What are the boundaries of the project? What is to be included and what is to be excluded from the project?
  • Major Risks: What are the major risks affecting the project?
  • Sociocultural Factors: Describes the issues pertinent to your project such as political issues, technical issues, ethical issues, and other sociocultural factors.