Economic Factors Important to Toyota
Economic trends influence Toyota’s organizational development. This dimension of the PESTEL/PESTLE analysis model determines the effects of economic situations or changes on business. In Toyota’s case, the most significant economic external factors in the remote or macro-environment are as follows:
1.Weaker Yen vs. U.S. Dollar (opportunity)
2.Gradual growth of U.S. economy (opportunity)
3.Rapid growth of developing countries (opportunity)