If the question is about issues / challenges / suggestions / opinion / way forwards, use the relevant PESTELG or TIPS dimensions.

PESTELG

1. P – Politi­cal

   • Government Policy
   • Political Stabil­ity­/In­sta­bility
   • Foreign Trade Policy
   • Tax/ Fiscal /Monetary Policy
   • Trade Restri­ctions, Barriers and Tariffs
   • Political Decisions

2. E – Economic

   • Economic Growth
   • Interest Rates
   • Exchange Rates
   • Disposable Income
   • Inflation
   • Financial Capabi­lities and access to Capital
   • Cyclical Changes (Industry and consum­ption)
   • Unempl­oyment Rate
   • Labor Costs

3. S – Socio-­cul­tural

   • Population Growth
   • Age Distri­bution
   • Culture, Race, Ethnicity, Sex, Religion etc.
   • Demogr­aphics
   • Commun­ication ease
   • Income Distri­bution
   • Inequality
   • Attitude towards work
   • Level of Education

4. T – Techno­log­ical

   • Research and Develo­pment and Innovation
   • Global Technology
   • Knowledge Sharing
   • Intern­ational Standards
   • New innovative solutions
   • Emerging Techno­logies
   • Techno­logical Maturity
   • Copyright Infrin­gements

5. E – Enviro­nme­ntal

   • Climate and weather
   • Enviro­nmental laws
   • Corporate Social Respon­sib­ility (CSR)
   • Tourism
   • Recycling and Waste Reduction
   • Pollution Regula­tions
   • Declining state of raw materials
   • Geogra­phical Location

6. L – Legal

   • Employment and Labor laws
   • Health and Safety Standards
   • Consumer protection laws
   • Tax laws
   • Product labeling and Safety
   • Regula­tions
   • Better working conditions

7. G – Global­iza­tion

   • Multin­ational Companies
   • Capital and Labor mobility
   • lower tariffs
   • Trade and transa­ctions

TIPS

1. T

   • Technology
   • Training
   • Taxation
   • Talent
   • Trade
   • Transport

2. I

   • Innovation
   • Infrastructure: human, capital and technology
   • Intermediaries
   • Incentives
   • Investment
   • Inputs
   • Imports
   • Illiteracy
   • Implementation

3. P

   • Policies
   • Promotion
   • Politics
   • Productivity
   • Production: forward and backward linkages
   • Profitability
   • Poverty
   • Process
   • Public awareness

4. S

   • Skills
   • Size/scale
   • Supply chain
   • Safety
   • Security
   • Standardization
   • Sustainability
   • Subsidy
   • Stakeholders

For Example

What are the major factors that limit in the development of tourism industry of Nepal?

[using TIPS]

• embracing and making optimal use of advancements in the Technology (T – Technology)
• lack of proper Training for the human resources in the hospitality industry (T – Training)
• lower Investment in tourism infrastructures (I – Investment)
• lack of Promotional activities internationally (P – Promotion)
• Capacity of Skilled manpower to render quality service in tourism sector (S – Skills)
• etc…