3. P.E.S.T. Analysis 1970 - 1985 Presented by: Benjamin Fieman

5. National Debt was increasing

7. Oil prices went through the roof! Ali Yardi

8. The US economy experienced severe inflation Kenny Troop

9. Fed aimed to tame inflation...Interest rates were at an all time high in 1982!

10. 1982 Recession was severe and lasted long Ali Yardi

11. Unemployment rate exceeded 10%

12. Kaustubh Thakur Economy was in the throes of “stagflation”-- high inflation and high unemployment `

13. Purchasing power declined

14. Consumer Sentiment dipped to the lowest level ever in 1980 Kaustubh Thakur

15. Economic Troubles (1974 - 1985)‏ Source: http://harvardbusiness.org/flatmm/hbextras/200805/recessions/ 73 - 75: Stagflation 75 - 80: Uneasy growth; stagflation continues 80 - 81: Short Recession 81 - 82: Deep Recession Maureen Stafford

17. Social Trends Album of the Year: Saturday Night Fever Best New Artist: A Taste of Honey Best Pop Duo or Group: Saturday Night Fever, Bee Gees Best Pop Female Vocal: “You Needed Me,” Anne Murray Best Pop Male Vocal: “Copacabana” (At the Copa), Barry Manilow Record of the Year: “Just the Way You Are,” Billy Joel Song of the Year: “Just the Way You Are,” Billy Joel, songwriter

19. Technological changes HongChul Jun

20. Technological Change Wal-Mart did not base orders for must SKU’s on centralized sales forecasts. Rather, they created in-store terminals to communicate with their distribution centers that supplied the stores. If stocking levels were low, inventory was automatically ordered. Kenny Troop

23. Walmart succeeds in a tough economy!! Wal-Mart Performance (In Millions)‏ U.S. Economy Paranjay Soedradjat