The PESTEL framework examines the six main macro environmental influencing factors of companies: political‚ economic‚ social‚ technological‚ environmental and legal. These influences determine the future success or failure of the corporate strategies. The political influence include the role of the governments; economics embraces the macro economic factors such as growth rate‚ exchange rates and business cycles; the social component stands for changing cultures and demographics; technological influences
Premium Economics Environment Macroeconomics
Growing up in Cuba was the best experience I could ever ask for‚ it gave me the capability to appreciate the value of the opportunities. I feel grateful every day for living in the United States of America. I was born in 1993‚ in a small town located in the center of the island of Cuba. Since I started elementary school my parents discovered my special skills for the music. Therefore‚ when I was 8 years old my life changed drastically. I started to study music in the school of arts of the province
Premium United States Spanish language Family
Geert Hofstede defined that culture is "collective programming of the mind distinguishing the members of one group or category of people from another". (HOFSTEDE‚ 2012a) Human culture derives from people’s background‚ education‚ gender and so on. Therefore‚ different people have various cultures. Culture can influence employees’ relationship in workplaces. (HOFSTEDE‚ 2012b) Geert Hofstede studied this question for more than six years‚ and found six groups of national cultural dimensions. The first
Premium Cross-cultural communication Geert Hofstede Japan
PESTEL Political- The theatre is subsidized by the public purse in the form of local authorities and the arts council (Arts council‚ 2010). However‚ funding is under continual pressure after cuts made to the arts budget by the coalition government (Mintel‚ 2012). This has been evident since 2008 where the arts council of England stopped funding of the theatre meaning it is only supported by Winchester City Council‚ Hampshire city council‚ sponsors and friends of Theatre Royal Winchester (Burn
Premium Local government Performing arts Theatre
Table of content 1. Introduction 1 2. Importance of environmental analysis 1 3. Procedure 1 4. Findings 2 1. PESTEL analysis for environmental scanning 2 2. Political factors 2 3. Economical factors 3 4. Socio-cultural factors 4 5. Technological factors 4 6. Environmental factors 5 7. Legal factors 5 8. Porter’s five forces model for environmental scanning 6 9. Threat of entry 6 10. Threat of substitutes 7 11. The power of buyers 7 12. The power
Premium Environment Alcoholic beverage Alcoholism
Political The long-term political consequences of the crisis are as yet unclear. The crisis‚ and the siege of Suvarnabhumi Airport‚ saw a rise in international press coverage on Thailand‚ with numerous high-profile articles breaking Thai taboos about public discussion of the role of the monarchy in the crisis as well as the succession. Thailand political situation is described uncertain. The crisis escalated and increasingly affected the economy. ZEN Department Store can lose some revenue due to
Premium Department store
COUNTRY ANALYSIS REPORT India In-depth PESTLE Insights Publication Date: December 2010 OVERVIEW Catalyst This profile analyzes the political‚ economic‚ social‚ technological‚ legal and environmental structure in India. Each of the PESTLE factors is explored on four parameters: current strengths‚ current challenges‚ future prospects and future risks. Summary Key findings India is a stable democracy‚ but terrorism and its relationships with its neighbors continue to be a problem Since
Premium India Economic growth Economics
When Fidel Castro took control of Cuba he needed to adopt an ideology that would unite a people and a country‚ and place him in the role of sole leader and head of Cuba. While it is his millitant actions that gave him power‚ it was his adoption of communism which has kept Castro in power for so long. There have been many goverment’s overthrown in Latin America‚ but few if any coups have had the impact on world affairs than Castro coming into power in Cuba did. By bringing communism to the western
Premium
Macro-environmental analysis the macro-environment describes all factors which influence the company as a whole but are out of their direct control including wider social‚ political and economic factors (Hooley‚ Saunders‚ Piercy‚ 2004). The analysis of those factors is therefore often known as Pest analysis (Johnson‚ Scholes‚ 1999). Since the airline industry is very much influenced by changes taking place in the environment and has undergone rapid and dramatic changes during the last decades
Premium Airline Southwest Airlines Airport
Cuba is a totalitarian communist state. They have one party: Cuban Communists Party and rules “the highest leading force of society and state” which is headed by Raul Castro. President Raul Castro has a monopoly over all government aspects. The national assembly acts as Cuba’s legislative. Their court system has People’s Supreme Court‚ provincial courts‚ municipal courts‚ and the military courts. The People’s Supreme Court is split into five chambers: criminal‚ administrative and civil‚ labor‚ state
Premium Cuba United States Fidel Castro