The purpose of this report is to identify a firm which you are familiar with and apply the PESTEL framework to events in its business environment. Pestel analysis is a simple‚ but very important and widely used tool to help you understand the general political‚ economic‚ socio- cultural‚ technological‚ environmental and legal environment sphere in which you are operating. This report will be about The Pestel Analysis of the Vodafone. Vodafone is a British telecommunications network company and has
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Disruptive technology is any new thing‚ or innovative that helps produces a fresh market‚ causing disruption in an existing market. Disruptive technology is something that shakes up the current situation or trend in the industry. Disruptive technology can cause a shift of leadership in the industry. An example of disruptive technology would be the Google Glass. With the Google Glass‚ consumers were able to communicate with the Internet via natural language voice commands. The principles behind disruptive
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and Their Remade Games. Do you know why the pokemon franchise is one of the most popular games? Pokemon games have gone through many changes through the years. The oldest pokemon game created was about five months after WWII ended in Japan. Nintendo has made games in the past‚ but many of their Pokemon games have been remade or changed depending on what year it came out. The original games were remade to have different storyline changes‚ graphics changes‚ new and game exclusive Pokemon. They
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PESTEL Political & legal factors: Tobacco products are the most taxed goods in the world. Their taxes often exceed half of the retail price generating huge overcome for governments. Philip Morris sells its products in over 160 countries‚ operates in approximately 90 markets including Argentina‚ Algeria‚ Australia‚ Austria‚ Belgium‚ Canada‚ Colombia‚ the Czech Republic‚ Finland‚ France‚ Germany‚ Greece‚ Hungary‚ Indonesia‚ Italy‚ Japan‚ Kazakhstan‚ Mexico‚ the Netherlands‚ the Philippines‚ Poland
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Five Forces Analysis of Video Game Console Industry Threat of Substitutes: The main substitute for a video game console would be a personal computer. They can both be used for playing different types of video games and be used for entertainment. The threat of this substitute edging out video game consoles is very low‚ because they are not completely similar. If anything‚ video game consoles are edging out personal computers in the gaming industry. The threat of substitutes in the video game
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PESTEL analysis Motivation of method It is of great importance to make an analysis of the environment in which an organisation operates in order to develop and implement a suitable‚ successful strategy for the company. According to Johnson‚ Scholes and Whittington (2008) the business environment of a company is an important issue determining its survival and success. There are several layers of this business environment – the macro environment‚ the industry or sector layer‚ the layer with competitors
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agility of a person to respond to a stimulus‚ and moreover‚ it helps to improve the motor capacity of a person. We can specially illustrate this idea with the console wii‚ which has been released and built a couple of years ago by the brand Nintendo. With its new gaming system‚ the wii has revolutionned the world of the video games. Before the wii came out‚ the gaming system consisted only of pushing on a couple of buttons in order to make the moves in the game. But the concept of the
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environmental‚ technological‚ economical‚ social‚ political‚ cultural‚ demographical‚ regulatory‚ general competitive and legal. There are many different models for an external analyses one of them called PESTEL model it involved political‚ economical‚ social‚ environmental and legal factors. The PESTEL model illustrates is most important factors‚ which are relevant for a Media company like TMF. TMF is based in the Netherlands due to the analysis is mainly about the external factors in the Netherlands
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and 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
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International Journal of Business and Management; Vol. 7‚ No. 24; 2012 ISSN 1833-3850 E-ISSN 1833-8119 Published by Canadian Center of Science and Education Developing a Multi-Criteria Decision Making Model for PESTEL Analysis İhsan Yüksel1 1 Department of Business Management ‚ Kırıkkale University‚ Kırıkkale‚ Turkey Correspondence: İhsan Yüksel‚ Department of Business Management‚ Kırıkkale University‚ 7140 Kırıkkale‚ Turkey. Tel: 90-318-3573860. E-mail: yuksel@kku.edu.tr Received:
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