PEST ANALYSIS What is PEST Analysis? A PEST analysis is used to identify the external forces affecting an organization .This is a simple analysis of an organization’s Political‚ Economical‚ Social and Technological environment. A PEST analysis incorporating legal and environmental factors is called a PESTLE analysis. It is very important that an organization considers its environment before beginning the marketing process. In fact‚ environmental analysis should be continuous and feed
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Using PESTEL Analysis in Strategic Planning For Non-Profits PESTEL is a method of analysing the impact a variety of factors may have on potential profitability of an organisation or industry. A macro environmental analysis technique‚ PESTEL analyses the impact that political‚ economic‚ socio-cultural‚ technological‚ environmental and legal factors may have on an industry’s profitability potential (Johnson‚ Scholes & Whittington‚ 2005). Within each major PESTEL heading‚ there are a variety of sub-factors
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the external environment (part 1) What’s going on out there now and in the future? Environmental influences in the broadest sense Macro/general environment: PESTEL Environmental influences related to the dynamics of the industry under question Competitive environment: Porter’s Five Forces (Porter‚ 1980) Example PESTEL The automobile industry Political – Climate change agenda – Fuel prices – Expansion of EU Economic – – – – Changes in disposable income Exchange rates
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PESTEL ANALYSIS - UNILEVER GLOBAL PESTEL analysis - UNILEVER A scan of the external macro environment in which the firm operates can be expressed in terms of following factors: Political Economical Social Technological PESTEL analysis is a useful strategic tool for understanding market growth or decline‚ business position‚ potential and direction for operations. The headings of PESTEL are a framework for reviewing a situation‚ and can in addition to SWOT and Porter’s Five Forces models
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External analysis How can a smartphone company use external analysis to gain competitive advantage? 1. Apply 5 forces model for the smartphone industry According to Hill and Jones‚ the five forces model serves the purpose to identify opportunities and threats in the external business environment‚ by analysing “competitive forces” (Hill & Jones‚ 2012‚ p. 42). Once created by Michel E. Porter this particular framework functioned as a useful tool for managers to approach the external analysis.
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T 1.2 Introduction Oriflame is a Swedish beauty selling company‚ which offers over 1.000 different products such as skin care‚ cosmetics‚ fragrances‚ personal and hair care‚ and other wellness products. Oriflame operates in more than 60 countries in the world‚ besides it is the market leader in more than half of those countries. Oriflame’s first entries were in Northern Europe. After settling in those Scandinavian markets‚ Oriflame expended in other European countries such as the United Kingdom
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Analysis of a Non-Fictional Text The 4 basic types of non-fictional texts 1. Descriptive texts: the author wants to inform in a relatively balanced and neutral way (e.g. Description of a landscape‚ a place‚ a person‚ an object...) 2. Narrative texts: the author wants to inform the reader about a development or a sequence of events; the report (objectively or subjectively) gives answers to the questions who? what? where
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SWOT analysis In an earlier part of this section we outlined what was meant by a strategy. We now consider how a strategy may be formed. To determine what their strategy should be managers must consider the internal strengths and weaknesses of their organisation and compare these with the external opportunities and threats. This process is known as SWOT analysis. Strengths are internal factors that a firm may build on to develop a strategy. For example‚ they may include: • Marketing strengths
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I’m not a professional movie critic by any means‚ but being the Associate Manager of Concessions for Busch Gardens Tampa‚ FL‚ I do know a thing or two about concessions‚ and the filmmakers just flat out got this one wrong. $4.50 for a thing of Dippin’ Dots?! At a theme park filled with pre-historic giant lizards?! We charge $8.50 for those at the stand by Jambo Junction‚ and all Jambo Junction has is flamingos and lemurs.
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------------------------------------------------- UK Retail Food Sector ------------------------------------------------- A Competitive and Strategic Analysis with Core Focus on Tesco and Sainsbury 2011-2012 Dissertation by: JIGAR .C.DHABALIA 1006497 ------------------------------------------------- Contents | Preface ……………………………………………………......……. | 4 | | Acknowledgement ……………………………………..………... | 5 | | | | 1. | Research Methodology | | | | | | 1.1 Research Objectives
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