Question

Which of the following questions would help an organization determine the favourability of the technological factors for business expansion in a PESTEL analysis?

1. How advanced is the technology infrastructure in the target market?
2. Are there any significant technological advancements that could impact the industry?
3. What is the level of innovation and research and development (R&D) activity in the industry?
4. How easily can the organization adopt and integrate new technologies in the target market?

Answer 1

In a PESTEL analysis, organizations can evaluate the favorability of technological factors for business expansion by considering the technology infrastructure, technological advancements, innovation and R&D activity, and the organization's ability to adopt new technologies.

Step-by-step explanation:

In a PESTEL analysis, an organization can determine the favorability of technological factors for business expansion by asking questions such as:

1. How advanced is the technology infrastructure in the target market? This question helps assess the availability and quality of technology that can support business operations and growth.
2. Are there any significant technological advancements that could impact the industry? This question explores potential disruptive technologies or innovations that can create opportunities or challenges for the organization.
3. What is the level of innovation and research and development (R&D) activity in the industry? This question investigates the industry's commitment to R&D, which can indicate future technological advancements and competitiveness.
4. How easily can the organization adopt and integrate new technologies in the target market? This question assesses the organization's ability to adapt to and leverage new technologies to drive business expansion.