Economic factors of STEP analysis

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The group of economic factors depends on the situation within the country, as well as on the international situation. Economic factors include:

The general situation in the country and in various industries (rise, decline, crisis, bankruptcy).

Financial condition of the state (exchange rate against the ruble, level, refinancing rate).

Prospects for economic growth in various sectors.

Unemployment rate.

The above factors must be taken malta email list into account when conducting a STEP analysis of an enterprise. This is required for both large-scale production and small businesses. The results of the study will be affected by presidential elections, elections to the highest legislative bodies, changes in legislation, government regulation in industries, competition and government support for a particular business.

Contract work for government needs

Political factors of STEP analysis
Political factors are very important. These include:

Level of political stability.

Taxation.

Business regulation.

Elections are coming.

Trade policy.

The influence of the state on industries.

When conducting a STEP analysis, it is necessary to take into account political stability. A decrease in its level affects the intensity of the tourist flow in particular and the social situation in general.

Technological factors of STEP analysis
The importance of technological factors does not diminish:

Achievements of scientific and technological progress and their application.

Dynamics of changing work processes and adaptation to technologies.

Organization of transfer of new technologies in the industry.

Launch of new products and services on the market.

Based on the results of the STEP analysis of retail stores, a store will be selected that provides fast customer service and has accessible information about the remaining stock.


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