PESTEL Analysis of Restaurant Industry
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PESTEL Analysis of Restaurant Industry

  • Political stability ensures how much a business will flourish.


Companies must be flexible to adapt to these changes and plan business strategies accordingly.


P

Political

  • Technological advancement such as accepting payments via smartphones


The introduction of the latest software to manage the accounts of companies can lead to fewer errors and more profit.

T

Technological

  • It might affect the growth of the restaurant industry in the coming years.


The busy lifestyle of people has increased people’s dependence on ready-made food instead of home-cooked food.

S

Sociological

  • The increasing disposable income of people has given it a boost.


Growing labor costs can be a matter of concern for the restaurant industry. It will lead to less profit for the owners.

E

Economics

  • The primary criterion in the restaurant industry is cleanliness.


The restaurant industry must work in collaboration with the government.

E

Ecological

  • Legal factors play an essential role for restaurant industries, especially the ones operating globally.


Food quality and hygiene criterion are two crucial factors that come under the product safety of the legal factors.

L

Legal

PESTEL Analysis of Restaurant Industry

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publish time: 2021-07-02
Lisa Anderson

The management of a company uses PESTEL analysis to weigh the factors that can hinder or promote the industry's growth. Restaurant Industry PESTEL analysis can identify how political, economic, socio-cultural, technological, ecological, and legal issues can impact the conditions of the restaurant industry. Based on the Restaurant Industry PESTEL analysis, one can say that the company has lost its initial glory. It must work on its weaknesses and focus on the strengths to stand strong against the challenging competitors. Restructuring of existing strategies can help the brand bounce back to the hot spot it was initially enjoying.

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