Introduction to PEST analysis PEST analysis is concerned with the environmental influences on a business. The acronym stands for the Political‚ Economic‚ Social and Technological issues that could affect the strategic development of a business. Identifying PEST influences is a useful way of summarizing the external environment in which a business operates. However‚ it must be followed up by consideration of how a business should respond to these influences. The table below lists some possible
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Since the internationalization of Chinese economy to now‚ China has become the world’s second largest economy by nominal GDP. However‚ the best measure for comparing output across countries is the GDP by purchasing power parity since China’s exchange rate is determined not by market forces. What’s more‚ over the past 30 years‚ China has an average growth rate of 10% per year‚ which indicates that it is the fastest growing major economy. In this context‚ we are going to analyze the political‚ economical
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China is the most populous country in the world‚ with its population of 1.3 billion people making up more than one-fifth of the world’s total population. 20.4% of the population is under 15 years old‚ 71.7% is between 15 – 64 years old and 7.9% is above 65 years old based on the year 2007. The breakdown of male and female is shown in appendix 3. It is also one of the most densely populated countries‚ though inhabitants are unevenly distributed‚ with more in the east than in the west and more in rural
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analyze other alternatives. Solution: [Acer had moved into China the very next year the case study was prepared in 1998‚ i.e.‚ in 1999 under the stewardship of Gianfranco Lanci as the director of the company and J. T. Wang‚ the chairman and chief executive] The "GO" Approach * The most important reason for moving into China could be the huge lucrative market and the immense opportunity the market of China presents Acer with. * China being a huge market waiting to be exploited would also necessitate
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PEST Analysis The PEST analysis helps determine the current situation of Apple Inc.‚ identifying potential influences of the political‚ economic‚ social and technological sectors; and have a glimpse into the future of Apple inc. Political Influences: It is reported that in 2007 52% of sales of Apple were from outside America. Bad international relations‚ wars and terrorism might influence Apple in a huge manner; moreover these are all factors Apple has no ability to control. Apple Inc. produces
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HUONG HAAND KEN COGHILL E-Government in Singapore — A Swot and Pest Analysis HUONG HA Department of Management‚ Monash University‚ Australia Huong.Ha@BusEco.monash.edu.au KEN COGHILL Department of Management‚ Monash University‚ Australia Ken.Coghill@BusEco.monash.edu.au ABSTRACT This paper aims to review and evaluate the vision‚ the objectives and the strategic framework of e-Government in Singapore. Rapidity‚ Reliability‚ Efficiency‚ Cost-effectiveness‚ Customer-orientation and Accessibility
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Chapter 4 Knowledge Representation question and answers 1. Consider the following statements a) Reema is a super star. b) All super stars are rich. c) All rich people have fast cars. d) All fast cars consume a lot of petrol. Use predicate logic and inference rules to draw the conclusion “Reema’s car consumed a lot of petrol”. a. List any two knowledge representation techniques. b. Write Modus Ponens rule. c. Define disjunctive normal form with suitable
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1. Introduction Tuffstuff is a well-founded cement manufacturing company with deep-roots in continental Europe and UK. The company is currently considering extension of its operations into Sub-Saharan African; specifically Rwanda. The CEO‚ although new to the Rwandan environment believes that Rwanda is a possible location for the proposed venture since it presents minimal competition and great potentials. 1.1 Purpose The report provides necessary information with regards to the proposed investment
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Restaurant PEST Analysis: A PEST analysis is a business tool that can help determine the macroeconomic factors that will impact a business. Specifically a PEST analysis measures the political‚ economic‚ social and technological factors that impact a business. A PEST analysis of a restaurant can be useful for determining if the environment is appropriate for such a business. Political Factors * Political factors deal with the degree to which the government influences and controls businesses. For
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for the first time in 20 years. Because of this Tesco needs to use a PEST (Political‚ Economic‚ Social and Technological factors) analysis as it will allow the business to build their vision for the future and help them to avoid further decreases in profit. Good use of PEST Analysis would also help Tesco to avoid taking further action that would result in failure for reasons beyond their control e.g. the recession. PEST analysis is used to analyse business markets‚ industries‚ segments or the whole
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