L3.Strategic Analysis - External Introduction/Recap Strategic Analysis External Analysis PESTEL analysis Industry & Competitive Analysis. Strategic Analysis: Factors Shaping the Choice of Company Strategy Social‚ political‚ regulatory and community factors Competitive conditions and industry attractiveness Company opportunities and threats to company’s well-being External Factors Company’s Strategic Situation Determine relevance of internal and external factors Identify and evaluate
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his creative product innovations.” (Gupta and Prinzinger 2013). This paper will analyse the external environment‚ using the PESTEL model. The external environment incorporates all the factors that a company has no influence over and is only able to adapt to these changes; studying and adapting to these factors are essential for a business to survive. 2. The PESTEL analysis includes 6 sections: a. Political: Being a multi-national‚ Apple is strongly affected by political factors. Political factors
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Lastly‚ the PESTEL is a tool analysis that helps a business forecast the trend and analyze overall image of the company in the future. It based on external factors as political‚ economic‚ social‚ technology‚ environmental and legal. If a hostel never knows how this tool works‚ the hostel could face up with economic effects‚ political instabilities or any external risks which change through time. It means the business will not recognize the change of external factors; it is a kind of risk as well
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Austria Table of Contents Population Culture Tradition Way of Life Vegetation and Animal Life History Religion Arts Language Education Health Government Climate Trade Resources Agriculture Bibliography Austria Austria‚ a small country in Central Europe famous for its gorgeous mountain scenery. The towering Alps‚ and the foothills stretch across the western‚ southern
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PESTEL analysis for THAI airways Political Political factors are how and to what degree does THAI airways intervenes in the economy. Specifically‚ political factors include areas such as tax policy‚ labour law‚ environmental law‚ trade restrictions‚ tariffs‚ and political stability by THAI airways Recently THAI airways stated that the growing economy will boost travel and passengers if Thailand has no political problems. Economic Economic factors include economic growth‚ interest rates‚ exchange
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extent did nationalism within the Austria-Hungarian Empire contribute to the outbreak of war in 1914? Nationalism within Austria-Hungary: a struggle for self-determination. But Austria-Hungary was brave to meet the challenge and to struggle for preservation of the Empire. Result: internally‚ proposal of extending the dual rule to a triple or a quadruple one; externally‚ nationalistic rivalries started between Austria and Serbia‚ between Austria and Russia. Her solution was to
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Business Culture in Austria 1. Introduction Why is the Business Culture so important? Nowadays the business culture is a key word in order to manage diversity and change simultaneously. This happens because the European Union will continue to foster partnerships and joint ventures‚ mergers and acquisitions‚ within its territory and across its borders. We live in a world of global markets which demand a global corporate culture that does not impose uniformity but capitalizes on diversity
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Political Factors Political factors has to do with politics of the day prevailing in country. It is generally assumed that if political temperatures are down; businesses tend to flourish and the vice versa is also correct. In this particular case‚ it can be said that it is neutral and thus not expected to cause much rubble in the new companies operations. However‚ future political challenges cannot be ruled out. Nike being number one sportswear in the USA‚ its profits‚ turnovers‚ marketing sponsor
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The year 2012 witnessed a sharp slow down in the economic growth. This was mainly blamed on the debt crisis that the European countries had. At the beginning of the year 2012‚ the world was expecting the debts to continue spreading across the European countries (Grossman & Helpman. 2002). However‚ it is believed that the European debt can only be resolved completely if the sovereigns agree politically. Some countries have already shown their commitments in resolving the crisis. A good example is
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Austria Hungary in 1914 The Dual Monarchy before WWI The Austro-Hungarian Empire was established in 1867 by the Ausgleich (Compromise) by Austria and Hungary. They both became self-governing states under a common monarch‚ the ruling Habsburg. Each had its own parliament for internal affairs‚ but foreign policy‚ war and finance were decided by common ministers. In the summer of 1914‚ on June 28th the Archduke Franz Ferdinand was attending army maneuvers in Bosnia. He was accompanied by
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