PESTEL Analysis of Bajaj Finserv
PESTEL Analysis is a strategic management tool that Bajaj Finserv
strategy makers can use to make better decisions. PESTEL stands
for – Political, Social, Economic, Technological, Environmental and
Legal factors that impact the macro environment of the firm that
it operates in.
Bajaj Finserv operates in a dynamic environment where it is
influenced by – increasing regulatory framework for
environmental factors, regulatory framework, consumer spending
behavior, collective social trends, increasing environmental
activism among consumers, technological changes, government
decisions, and ever evolving legal system.
1- Political Factors
Governance System
Political stability in the existing markets
Taxation policies
2-Economic Factors
Economic Performance of India
Skill level of workforce in India market
Inflation rate
3- Social Factors
Societal norms and hierarchy
Education level
Media outlets play a critical role in influencing the public opinion India
4- Technological Factors
Latest technology based innovations implemented by competitors of Bajaj
Finserv
Technology transfer and licensing issues for Bajaj Finserv
Lowering cost of production
5- Environmental Factors
Customer activism
Environmental norms are also altering the priorities of product innovation.
Extreme weather
6- Legal Factors
Employment law
Legal protection of intellectual property, patents, copyrights, and other IPR rights
in India
Business Laws