Pestel analysis of information technology industry

Environmental: Nike's environmental issues largely center around its manufacturing carbon footprint.Legal: There aren't too many legal issues that impact Nike.And the company has always used manufacturing advancements to its advantage. Technological: Nike has used social media well to connect with customers.Nike has also taken an active stance on social justice issues.

Social: The overall message of living an active and healthy lifestyle continues to grow worldwide, so Nike remains in a good position socially.That said, it's relatively simple for consumers to switch to lower-end alternatives. Economic: Nike sells well-respected shoes and apparel, so it is less susceptible to economic downturns.As a global manufacturer, though, Nike is always subject to changes in taxes, manufacturing laws, and trade policies. Political: Nike is domiciled in the U.S., which generally has pro-growth policies.Porter as part of his book ' Competitive Strategy: Techniques for Analyzing Industries and Competitors,' published in 1980. The model was developed by Harvard Business School professor Michael E. It is an analytical tool available to companies to determine how. Porter's 5 Forces is an analytical model used to help identify the structure of an industry and to help companies determine their competitive strategies. PESTLE stands for political, economic, sociocultural, technological, legal, and environmental. IT technology is used in almost all important departments and. It is clear that companies need to know what is and what is not legal in. Almost all of the countries of the world use internet facilities to have close connection with the people and the world. A PEST, PESTEL analysis or more recently named PESTELE is a framework or tool. PESTLE analysis allows managers, marketing, and financial experts to examine specific factors (outside of money) when making decisions about the company's services or products. With the advancement in time, the IT industry has made great progress and new developments have been made in this industry.PESTLE examines political, economic, sociocultural, technological, legal, and environmental factors.Porter's 5 Forces identifies competition, new entrants into the industry, supplier power, buyer power, and the threat of substitute products and services in the market.PESTLE is an analytical tool that identifies how various factors may affect an organization and its competitive standing. What the PEST analysis is intended to do is give decision-makers an understanding of changes that may be occurring within a given market.Porter's 5 Forces examines the five forces that make a company competitive while helping identify its strengths and weaknesses.

Pestel analysis of information technology industry