PEST analysis for banks Essay

The sustainability of DCB Bank agenda has expanded rapidly. It reflects the company’s increasing focus on the wider nature of business and made the stakeholders growing interests in competitive world of business. There is now a great awareness about the global challenges such as climate changes, poverty, scarcity of resources, and demographic shifting. The responses came from the government and from different businesses, as well as the non-profit organization helped DCB Bank made it possible for the sustainability. Economic Analysis The approach to the sustainability program is useful and encourages DCB to be open and transparent to the issues such as the initiatives in further research and development, dialogue with the government and various organizations, and their priorities. DCB Bank enable to broaden their focus on corporate responsibility to prove that they play an essential role in establishing an economic advantage in the country where they operate. Social Analysis The sustainability strategy focuses in their objective to improve the value of the business and their stakeholders. They give importance on the customers and clients such as maintaining the understanding of their needs and promoting the company by measuring satisfaction. It can be only possible by focusing of their global performance by their assurance to develop an innovative solution and enhancing performance. On the other hand, the people working with DCB Bank make a great advantage in the performance of the business. In addition, they attract employees to collect the talent, develop them according to the competent world, and retaining them as much as possible. Technological Analysis DCB uses the means of technology for their business especially in the areas of Agri and Inclusive banking. Their aim to help the people in fight against poverty is possible through their financial system. The technology makes it possible to empower the system and establish a competitive advantage. Pioneering the new ideas, adding the skills and operational excellence are part of the guiding principle of the organization.