Choose one element in the external political environment that impacts your chosen industry either favorably or unfavorably. Â Examples of the political environment are: tariffs, trade wars and terrorism, etc. Please describe your chosen element in detail and if you believe this will be a long-term or short-term impact and if this poses an opportunity or a threat to your industry segment. For the Political, so be sure to discuss a political impact (government policies in regard to COVID-19, international relations, border regulations, or any other element in the political sphere).Â
Hint: Sometimes students Google PESTEL analysis and talk in general about each letter in their post. Â That is not your assignment! Â Your assignment is to focus on the letter of the week and go ‘deep’ into one element of that letter to consider. Â Analysis of a single aspect is the key…so be sure to only discuss one aspect of one letter in your post!
A PESTEL Analysis is a planning tool that helps ensure that you fully investigate the external environment confronting your industry or business before determining your strategy. Â Each letter represents a different element (P is for Political, E is for Economic, S is for Social, T is for Technology, E is for (natural) Environment, and L is for Legal). Â Each week you will discuss with your Special Interest Group (SIG) one of the letters and how this element impacts your industry.
SIG Discussion Expectation:
Length: Â It is expected that your post will be approximately 250 words in length (one half page, single spaced, 12 size font).
Research: Â You are expected to use at least one cited source in your post. Â Please make sure that this source is credible.
Please respond to 2 of my classmatesâ€™ posts.