Preview

Pest Analysis of Banks

Satisfactory Essays
Open Document
Open Document
481 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Pest Analysis of Banks
1
PEST Analysis - Banking Sector in United States
Product Type: Market Research Report
Published by: Synergyst
Published: March 2007
Product Code: R739-67
Description
PEST analysis of any industry sector investigates the important factors that are affecting the industry and influencing the companies operating in that sector. PEST is an acronym for political, economic, social and technological analysis. Political factors include government policies relating to the industry, tax policies, laws and regulations, trade restrictions and tariffs etc. The economic factors relate to changes in the wider economy such as economic growth, interest rates, exchange rates and inflation rate, etc. Social factors often look at the cultural aspects and include health consciousness, population growth rate, age distribution, changes in tastes and buying patterns, etc. The technological factors relate to the application of new inventions and ideas such as R&D activity, automation, technology incentives and the rate of technological change.
The PEST Analysis is a perfect tool for managers and policy makers; helping them in analyzing the forces that are driving their industry and how these factors will influence their businesses and the whole industry in general. Our product also presents a brief profile of the industry comprising of current market, competition in it and future prospects of that sector.
Table of Contents
Overview of the US Banking Sector
Market Structure
Future Outlook

PEST ANALYSIS

Political Factors

- Regulatory Framework

- Deregulation of the Market

- Monetary Policy

- Check Clearing for the 21st Century Act

- Fair and Accurate Credit Transactions Act of 2003

Economic Factors

- The Economic Role of Banks

- Changes in Interest Rates

- Complex Nature of Banking Operations

- Consolidation of the Industry

Social Factors

- Employment

- Demographics

- Working Conditions

- Payment-System Changes

You May Also Find These Documents Helpful

  • Best Essays

    [ 3 ]. AloA, “PEST Analysis”, A Level of Achievement Business Studies A Level Recourses, 2004 http://www.ngfl-cymru.org.uk/vtc/bus_studs/members/downloads/PDF%20Output/PEST.pdf…

    • 4315 Words
    • 18 Pages
    Best Essays
  • Powerful Essays

    B. PEST ANALYSIS : The pest analysis is very helpful for understanding market growth or decline and such as position .potential and direction for the businesses analysis is a business measurement tool. Pest is an acronym for political, economic factors, which are used to assess the market for a business or organization.…

    • 2129 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing of ‘statement of TDS’ (TDS return) vide Notification No.41/2010; SO No.1261(E) dated 31.05.2010. The amended rules will apply only in respect of tax deducted on or after 1st day of April 2010. Forms for TDS certificate have been revised to include the receipt number of the TDS return filed by the deductor. Now the Tax-deduction Account Number (TAN) of the deductor, Permanent Account Number (PAN) of the deductee, and Receipt number of TDS return filed by the deductor will form the unique identification for allowing tax credit claimed by the taxpayer in his income-tax return. Government Authorities (Pay and Accounts Officer or Treasury Officer or Cheque Drawing and Disbursing Officer) responsible for crediting tax deducted at source to the credit of the Central Government by book-entry are now required to electronically file a monthly statement in a new Form No. 24G containing details of credit of TDS to the agency authorised by the Director General of Income-tax (Systems). Due date for furnishing TDS return for the last quarter of the financial year has been modified to 15th May (from earlier 15th June). The revised due dates for furnishing TDS return are Sl. No. 1. 2. 3. 4. Date of ending of the quarter of Due date the financial year 30th June 15th July of the financial year th 30 September 15th October of the financial year st 31 December 15th January of the financial year 31st March 15th May of the financial year immediately following the financial year in which deduction is made…

    • 389 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Peng, A. & Nunes, M.B. (2007) ‘Using PEST Analysis as a Tool for Refining and Focusing Contexts for Information Systems Research’, 6th European Conference on Research Methodology for Business and Management Studies, Lisbon, Portugal, pp. 229-236.…

    • 4112 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    asda strategic management

    • 3064 Words
    • 11 Pages

    PEST analysis is a simple tool, useful and widely used.It will help to capture the "overview" of political, economic, cultural - social and technological environment in the UK…

    • 3064 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    includes an overview of the industry the company operates in, a PEST Framework Analysis of the industry,…

    • 769 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    EFAS of Apple Inc

    • 416 Words
    • 2 Pages

    Apple is an American organization that specializes in the conception and manufacturing of consumer electronics as well as connected software products (Breillatt 45). It operates over 300 stores in the world. The company has an employee base of about 50, 000.In order to understand and analyze the external environment and to know the current state of affairs and what the future holds, the PEST analysis method is used in this paper.…

    • 416 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Debenhams

    • 1135 Words
    • 5 Pages

    PEST analysis is used for to understand market growth or decline and to discover the position, potential and direction of a business. It is also defined as business measurement tool. PEST stands for Political, Economic, Social and Technological. This method is also designed to assess the market for a business or organisational unit. ( Oxford Dictionary)…

    • 1135 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Chapman, & Alan. (1996). Pest market analysis tool. Retrieved November 07, 2014, from Businessball.com: http://www.businessballs.com/pestanalysisfreetemplate.htm…

    • 885 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    PEST analysis is a simple tool , useful and widely used , it helps to capture the " overview" of political, economic , cultural - social and technological environment . So entrepreneurs worldwide to build using PEST vision of the future .…

    • 2495 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Pest Home Retail

    • 447 Words
    • 2 Pages

    Therefore PEST analysis is a useful tool for understanding the 'big picture' of the environment in which Home Retail Group operates, and the opportunities and threats that lie with it. By doing this and looking at the outcome, we can take advantage of the oppurtunities and minimize the threats. Since the company is offering every type of product from garden tools to electronics which depend on the needs and demands of their customers, there are some external factors that the company must consider in order to stay in the competitive world of business.…

    • 447 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Pest Analysis Apple

    • 429 Words
    • 2 Pages

    The PEST analysis helps determine the current situation of Apple Inc., identifying potential influences of the political, economic, social and technological sectors; and have a glimpse into the future of Apple inc.…

    • 429 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    To develop skills to analyze and evaluate, both qualitatively and quantitatively, the performance of people responsible for strategic decisions…

    • 1118 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Description: PEST analysis of any industry sector investigates the important factors that are affecting the industry and influencing the companies operating in that sector. PEST is an acronym for political, economic, social and technological analysis. Political factors include government policies relating to the industry, tax policies, laws and regulations, trade restrictions and tariffs etc. The economic factors relate to changes in the wider economy such as economic growth, interest rates, exchange rates and inflation rate, etc. Social factors often look at the cultural aspects and include health consciousness, population growth rate, age distribution, changes in tastes and buying patterns, etc. The technological factors relate to the application of new inventions and ideas such as R&D activity, automation, technology incentives and the rate of technological change. Synergyst’s PEST Analysis is a perfect tool for managers and policy makers; helping them in analyzing the forces that are driving their industry and how these factors will influence their businesses and the whole industry in general. Our product also presents a brief profile of the industry comprising of current market, competition in it and future prospects of that sector. Please note that the report compilation, presentation and dispatch may take 1-2 working days.…

    • 637 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    PEST Analysis of DHL, the PEST itself looks into the Political, Economic, Social and Technological Factors of a company and its marketing environment. Focusing on the internal environment, micro-environment and the macro-environment. Using a PEST analysis should always be considered when entering a new market, Launching a new product or service, considering a potential acquisition, investigating a potential partnership, examining an investment opportunity or environmental scanning.…

    • 1043 Words
    • 5 Pages
    Good Essays