Techniques of environment analysis

The importance techniques environment analysis are :
1)Pest analysis :The pest analysis categories external environment farces into four main components.They are :
P=Political legal forces
E=Economic forces
S=Socio cultural
T=Technological forces
Pest analysis looks at the future impact of environmental.changes on organizations.The impact differs according to the nature of the specific organization.PEST analysis is concern with the analysis of external environmental forces.They are :

• Political legal :Political system,institution,philosophy.Legal framework.
• Economics :Economic system ,policies,conditions and groupings.
• social cultural :Demographic,institution,presser groups.social change and cultural factors.
• Technological :Level of technology,pace of change,technology transfer .