It is new but this strategy also has some risks

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Here are many steps that contribute to preparing a PESTEL analysis, and these steps are represented in the following points: 1- Brainstorming Brainstorming here is based on the six factors that we mentioned previously that have a major impact on your work, which are economic, social, political, environmental, legal and technical factors. You can hold a session with the team and then start brainstorming, discussing ideas and exchanging them to arrive at plans and methods through which you can deal with these factors. factors. 2- Arrangement .


The ranking depends on these factors, as they are arranged according to their impact on you, by classifying them in terms of their severity of impact, discussing this with your team, and providing a degree of flexibility in the event of phone number database changing the classification and modification to include more factors and inputs. 3- Analysis This is by always seeking to analyze the external and surrounding environment and thg-dart.comon about it Schema structured data, its importance and the most prominent types Connect with us contct, as it may not be accepted by customers.

   

The new product may affect sales already in the market. There is no guarantee that some employees will stay throughout the development period, as some may leave as desires and expectations change over time. 3- Market development This strategy aims to enter new markets or target another segment of customers with the same current products. A company may sell some foods to workers and professionals, and at the same time also target students with the same meals. A company may sell clothes or shoes to the local market, and at the same time target foreign markets. However, there are risks associated with market development , including: Developing the market requires huge investments, and if these investments are spent on development and do not bear fruit, the company will incur huge losses.