A business stays competitive by being flexible

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Moreover, astutely assessing all components of a PESTLE analysis can guarantee that when confronted with changes in its environment. Political Factors Affecting Business Posted on September 2, 2024 by Daniel Pereira Political Factors in PESTLE Analysis Modern business requires organizations to plan and strategize their operations to meet the demands of a changing economic climate. Although many external environmental factors influence business, one key factor is the political environment, both locally and internationally.


Changes in government policies and legislation can create complex canadian cto cio email list challenges for businesses as they aim to achieve success in their respective industries, making it essential for managers to understand how these political factors can affect their activities. With careful analysis of the potential risks associated with the political environment, businesses can take the necessary measures to limit the potential damage from any changes or surprises arising from politics.


Contents Political Factors In Business Bureaucracy Corruption level Government stability and related changes Freedom of the press Trade control 3 main effects of these political factors Impact on economy Changes in regulation Mitigation of risk Examples of political factors affecting business Political Factors