BOX 3: Social a What are the key sectorial shifts in the economy and how have these impacted the business environment? 0 How are key demographic changes impacting the business environment? 0 What are the differences observed in the values of generational cohorts? How do changing social attitudes or socio-cultural changes redefine the business environment? - What are the changing patterns of employment? How are these impacting the economyI and the business environment? I Are any other socio-cultu ral factors likely to drive change in the business environment? Framing your thinking in the PEST elements This is not an exhaustive list . Check you are using Business Environment definitions of key terminology