PEST analysis of Siemens
Siemens AG PESTLE Analysis
Political Factors
Siemens AG will be subject to legislation in any country within which they are operating. With the head office in Germany they are subject to German and European corporate law. In the U.K Siemens must obey English legislation specific to that market. For example The Trades Descriptions Act, which states that a company may not falsely advertise any of its products or services.
Also effecting the company's operations …
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…in the modern economy. Maintaining a creative and modern website can ensure Siemens can communicate with existing customers and attract new ones.
Data mining and data warehousing are modern tools to keep up with and identify ever-changing consumer trends of purchasing. These can also be used to ensure repeat custom. Siemens will be adversely affected if they fail to keep up with the ever updating technology that operates with the industries they are involved in.
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