On the flip side though, a global rise in internet connectivity might mean less interest in traditional communication means, which is a negative consequence for some — telephone service providers will have to change their offerings to stay relevant, while paper-and-ink printing companies might receive less business. Internet connectivity —  It’s undoubtable that in recent years global internet connectivity has been on the rise. Would you like to get a custom case study? Read the entire PESTLE analysis of Apple on our website here. PESTLE analysis can be an extremely effective tool in business, if used correctly. Specifically, these are the Political, Economic, Social (sometimes socio-cultural), Technological, Legal, and Environmental ones, hence the acronym ‘PESTLE’. This can reduce costs for manufacturers, distributors, supermarkets, and many other different businesses. One of the handy things about PESTLE analysis in particular (as opposed to other business management/analysis tools) is that it is very easy to conduct, as long as you are familiar with the six categories. This presents an even larger market for many companies who use the internet to connect with their customers. You may also be interested in: Introduction to PESTLE Analysis, PESTLE Factors, Political Factors, Economic Factors, Social Factors, Technological Factors, Legal Factors, Environmental Factors and Advantages and Disadvantages. from kenya. Be sure to leave them below along with your questions and comments. Here, at ACaseStudy.com, we deliver professionally written papers, and the best grades for you from your professors are guaranteed! Thomas Bush is an English-born writer, entrepreneur, and fitness enthusiast. Got other good examples of technological factors which affect business? On the flip side, the gradual increase in job automation might not be such a great thing for job search firms. In case you haven’t already seen our previous articles in this series, we’ve already covered. That’s why we are writing this set of articles about each of the categories, from P to E. We’ll be providing definitions, in-depth explanations, and relatable examples. It might be unclear how technological factors can directly affect business, unless you take a step back and look at all of the technology that’s used in day-to-day life. Read the entire PESTLE analysis of Apple on our website, Technological Factors Affecting Starbucks. This can reduce costs for manufacturers, distributors, supermarkets, and many other different businesses. PESTLE analysis can be an extremely effective tool in business, if used correctly. In PESTLE analysis, technological factors are variables which relate to the existence, availability, and development of technology. Apple’s quite restricting native Operating Systems can limit the scope of what is possible on their devices. It falls under the category of ‘environmental analysis’, which is to say that it revolves around identifying the various external variables that affect a business’s performance. —  It’s undoubtable that in recent years global internet connectivity has been on the rise. It falls under the category of. PESTLE Analysis: Technological Factors Affecting Business, PESTLE analysis can be an extremely effective tool in business, if used correctly. [email protected] 804-506-0782 350 5th Ave, New York, NY 10118, USA. Got other good examples of technological factors which affect business? These days, he spends his time flipping domain names, writing articles and pursuing other interesting business ventures. The table below lists just some of the topics that you might want to consider when evaluating technological factors: Cost – Benefit of new technology. Technology hugely dictates the way many things are done, in business or otherwise. In PESTLE analysis, technological factors are variables which relate to the existence, availability, and development of technology. On the flip side though, a global rise in internet connectivity might mean less interest in traditional communication means, which is a negative consequence for some — telephone service providers will have to change their offerings to stay relevant, while paper-and-ink printing companies might receive less business. Intellectual property. This can reduce costs for manufacturers, distributors, supermarkets, and many other different businesses. What Is the Macro Environment in Business Analysis? Let’s look at how these can affect business in some more depth: Automation — The automation of many unskilled tasks can allow companies to replace human production lines with entirely machine ones. Many …, There are many companies the world over, that conduct PESTLE …. This presents an even larger market for many companies who use the internet to connect with their customers. Internet connectivity — It’s undoubtable that in recent years global internet connectivity has been on the rise. They can be defined as factors which relate to the presence and development of technology, on either a local or global scale. That’s why we are writing this set of articles about each of the categories, from P to E. We’ll be providing definitions, in-depth explanations, and relatable examples. Our website is made possible by displaying online advertisements to our visitors. Growing numbers of cybercriminals could jeopardize Apple’s reputation for safety and security. Technological factors create scopes for new products, markets, and demands. By continuing we’ll assume you board with our, PESTLE Analysis: Legal Factors Affecting Business, PESTLE Analysis: Environmental Factors Affecting Business, PESTLE Analysis: Economic Factors Affecting Business, Analysis of Factors Affecting the Demand of Google Products, Analysis of the Different Factors Affecting Consumer Decision Making Process of Makati Residents When Purchasing Electronic Gadgets, How to secure financing as a small business owner, How to Make a Business Plan for Any Business, 7 Crucial Macro Environment Factors to Include in Your Analysis, Macro Environment Examples in the Real World. Might not be such a great thing for job search firms random ’ numbers thomas Bush an! Entrepreneur, and are an integral component of the PESTLE analysis, technological factors are which! ’ t already seen our previous articles in this series, we ’ ve already covered, visible companies. Over, that conduct PESTLE … s finances and profits: manufacture and.! 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