Driving Forces Digital music devices are leading the technological market as their demand increases with the changing trends of the market place and the consumer. So the real questions are‚ Why are Digital music devices so popular‚ what influences consumer’s purchase decisions‚ and what impacts the sales of this industry growing in popularity? “MP3 players have gone from niche to mainstream products‚ and consumer portable purchases have switched from models that rely on removable content to those
Premium Music industry Supply and demand Marketing
Macro Environment: “The major external and uncontrollable factors that influence organisations decision making and affects its performance and Strategies” is called Macro Environment. Macro Environment can be studied through different analysis‚ there are several but mainly used are PESTLE analysis and SWOT analysis. Sainsbury’s Overview: Sainsbury’s was established by John James and Mary Ann in the year 1869 as a small dairy shop. In very short time the store became popular for selling good and
Premium Marketing Strategic management SWOT analysis
Singapore Macro-environment PESTLE Analysis Political Singapore is relatively unique in terms of its political environment. There are very few opposition parties‚ and the main political group is the People’s Action Party (PAP) that governs Singapore since it achieved its independence in 1965. Singapore‚ under the leadership of the PAP‚ possesses a distinct political culture: authoritarian‚ pragmatic‚ rational and legalistic. Singapore’s power structure is highly centralised‚ regarded
Premium Singapore Housing and Development Board
The Macro Environment Analysis is traditionally the first step of a strategic analysis; it is sometimes referred to as an external analysis‚ a pest analysis or a pestle analysis. The purpose of the Macro Environment Analysis is to identify possible opportunities and threats to your industry as a whole that are outside the control of your industry. There are many factors in the macro-environment that will affect the decisions of the organisation. Tax changes‚ new laws‚ trade barriers‚ demographic
Premium Economics Climate change PEST analysis
Macro And Micro Economics Micro Economics:- Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular‚ microeconomics focuses on patterns of supply and demand and the determination of price and output in individual
Premium Microeconomics Economics Supply and demand
1. From the definition of GDP we arrive at the following expression: c + i + g + x-m = y = c + s + t Discuss the three important economic relationships that can be derived from this expression related to the definition of GDP and explain each carefully. The expression above depicts two different ways to come up with real GDP for a country. The left side of the expression explains expenditure side of computing real GDP which can be rewritten as: y = c + i + g +x – m In real terms‚ it could
Premium Investment Macroeconomics
For the past years we have seen how APPLE Computers Inc. has not only introduced the Ipod into the market for music players‚ but created the new must have pop icon. The following is a brief analysis of the product life cycle of iPods. iPods were first introduced to in 2001 and has since grown into a recognized cultural symbol. Designed and marketed by Apple Computer‚ iPod is a brand of digital audio/video players that stand apart from the rest due to their user friendly interface and sleek design
Premium Apple Inc.
Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular‚ microeconomics focuses on patterns of supply and demand and the determination of price and output in individual markets (e.g. coffee industry). Areas microeconomics
Free Economics
ENVIRONMENTAL SCANNING Environmental scanning is a process of gathering‚ analyzing‚ and dispensinginformation for tactical or strategic purposes. The environmental scanning processentails obtaining both factual and subjective information on the businessenvironments in which a company is operating or considering entering.Environmental scanning is the process in which a firm continually collects andevaluates information about its external environment. There are six main categoriesof environmental
Premium Automobile Automotive industry Tata Nano
Analysis Environmental factors Common environmental factors include new tax laws‚ tariff limits‚ export laws‚ consumer trends‚ developing technology‚ new replacement products (i.e.‚ the iPod to the CD player)‚ laws concerning emissions‚ or a new competitor. Several popular frameworks exist to aid in identifying environmental factors. They are frequently used together. The first is PEST or PESTEL analysis‚ which looks at the political‚ economic‚ social and technological factors affecting a business;
Premium Strategic management PEST analysis Management