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Bed Bath And Beyond Pest Analysis

Decent Essays

Bed Bath and Beyond is struggling in the current market. This PEST analysis is aimed at determining what the major Political, Economic, Social, and Technological are in current business environment, and how these factors are affecting the Home Goods Retail industry. The modern polarized political sphere, especially in the United States, can mean that elections result in a massive change in policy, especially regulatory reforms on businesses. With an increasingly global and fluctuating economy, modern businesses need to be aware of everything from regional tax rates to international tariffs. Social norms are changing rapidly and are different from region to region, meaning that modern business’ needs to be aware of the social landscape they are operating in. Finally, the rate of technological growth is the highest it has been in the history of the Earth. All of these rapidly changing and nuanced factors need to be studied and well understood in order to run an efficient and effective modern business. All of these four factors are imperative in understanding why Bed Bath and Beyond is in its current financial situation.
Political
It seems as though our country has never been more divide and our two national parties seem to be drifting further apart. This means there will need to be changed in our national or state legislatures. Consequently, this can lead to a massive shift in government policy, especially that of business regulation. The massive political factors

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