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There are five major environments associated with any organization or industry – an internal environment and four external environments. The external environment analysis is sometimes referred to as a PEST analysis (political-economical-social-technological analysis).In this assignment, you will need to research the industry you chose in order to identify the trends, patterns, and consistencies in the business environments for that industry. Trends – A series of data points that show either an upward or downward movement or a gradual movement in one direction.Patterns – Finding items that are recurring over and over in a cyclic fashion or if something regularly happens and a resulting reaction always occurs.Consistencies – Things (e.g., events or activities) that remain constant and really do not appear to change over time within the industries.InstructionIndustry: Pharmaceutical/medical device Company:Medtronic Research and explore the social and technological factor(s) Then conduc

t research to identify political trends, patterns, and consistencies in the two PESTLE environments (social and tenchnological) for the industry you chose to research national and global levels.Write a 3-4 pages business brief. Use section headers appropriately. Include at least two scholarly references. Your brief should:Briefly orient the reader to the industry that you have selected.Describe the key trends, patterns, and consistencies in both of the environments you researched. ( Means for social and tenchnological)Identify important synergies or convergences among the trends, if any exists.Select what you believe is the most critical trend, pattern, or consistency related to your industry’s future success from among all the trends, patterns, and consistencies you have identified. Explain why you think this is the most critical to the industry.Analyze what you believe will be the major impacts of this most critical trend, pattern, or consistency on the industry over the next five years.