Pestle Analysis Singapore - Singapore Assignment Help

Pestle Analysis Singapore

In having the significant influence on the advancement of the technological tools and implementation for handling the operational and functional activities, Singapore is one of the leading sectors in business and technology. The industry of technology development of the country is growing with the rapid speed and having a positive impact on the technical advancement. To measure the business environment of a nation concerning political, economic, social, technological, legal and environmental aspects, PESTLE analysis should be done.

  • Political Factors- The political issues are significant in a sense, the nature of the government towards business development, what government is attempting to support the society, public welfare, law and other supporting the growth of business and industries.
  • Economic Factors- Economic factors are economic growth of a population, GDP, per capita income, taxation policies, employment scenario, real income, interest rates, inflation rates, the purchasing power of an economy, etc.
  • Social Factors- society has certain values, culture, tradition, beliefs, norms. Demand for a product or a service is usually supported by complex socio culture tastes and preferences.
  • Technological Factors- Perhaps among all the forces discussed, technology is the strongest which is believed to develop the human nation.
  • Environmental Factors- These are climate and weather factors which affect industries like farming, fishing, tourism, etc.
  • Legal Factors- The environment in which a business function is composed of rules, laws, regulations, and legislations.

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