PEST Analysis A scan of the external macro-environment in which the firm operates can be expressed in terms of the following factors: * Political * Economic * Social * Technological The acronym PEST (or sometimes rearranged as "STEP") is used to describe a framework for the analysis of these macroenvironmental factors. A PEST analysis fits into an overall environmental scan as shown in the following diagram: Environmental Scan | / | \ | External Analysis | Internal
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government operates within the framework of a constitutional monarchy‚ and has been ruled by the Al Maktoum family since 1833.the current ruler‚ Sheikh Mohammed bin Rashid Al Maktoum‚is also the Prime Minister of the United Arab Emirates and member of the Supreme Council of the Union(SCU) The United Arab Emirates has one of the most open trade policies within the GCC region with no protective duties and minimal import restrictions. This is a very favorable condition for Multi-national companies like Waitrose
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PEST POLITICAL ECONOMIC Over the years‚ the Philippines has gone from being one of the richest countries in Asia to being one of the poorest. It has experienced growth and development since World War II. The current administration under President Gloria Macapagal-Arroyo is aiming for a more rapid growth in the coming years. In 2004‚ the Philippine economy grew by 6.1% surprising everyone. In 2005‚ the Philippine peso appreciated by 6%‚ the fastest in the Asian region for that year
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Name: Organisations Management and People Module code: HR 1004 Id : 105353 Pest analyses‚ also partially known as “STEP”‚ has always been undertaking a vital role to every dynamic of all business organisations. Each and every organisation has to undergo involvement and interference of certain factors relating political‚ environmental‚ social and technological factors (PEST). These factors may contain striving from other companies‚ price variation‚ unreliable raw material
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MANCHESTER UNITED OFFICIAL SUPPORTERS CLUB CONSTITUTION THIS DRAFT CONSTITUTION SETS OUT THE BASIS ON WHICH THE CLUB EXPECTS BRANCHES TO BE ORGANISED AND OPERATE Branch Committee A branch must have an elected committee (“the committee”) to run branch matters and ideally‚ should consist of the following: Chairman / Chairperson Secretary Treasurer Committee members (minimum 3) All posts must be up for re-election on an annual basis at the branch Annual General Meeting (“AGM”)
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Tutorial 1: Markets and Organizations Q1. Case Study [pic] Managing external influences First Group (First) is the UK’s largest transport operator‚ employing more than 137‚000 people in the UK and the USA. In the UK‚ it runs rail services carrying around 275 million passengers a year. It is the UK’s largest bus operator and also runs a rail freight business. In the US‚ it operates school transport for nearly four million students a day. The company is seeking to extend it operation in UK
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INTRODUCTION This chapter identifies the main external influences on the UK market for private security and fire protection‚ using the four headings of a PEST analysis: political‚ economic‚ social and technological. Where such influences have more than one dimension‚ they are considered under the heading that is considered to be the most relevant. POLITICAL FACTORS The Terrorist Threat Precautions against terrorist attacks have been stepped up since the events of 11th September 2001‚ and
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Economy Transdisciplinarity Cognition www.ugb.ro/etc Vol. 15‚ Issue 1/2012 252-258 E-Commerce across United States of America: Amazon.com Andreea Nicoleta DONICI‚ PhD Student‚ Andreea MAHA‚ PhD Student‚ Alexandru Ioan Cuza University of Iasi‚ ROMANIA doniciandreea@gmail.com andreea.maha@gmail.com Ion IGNAT‚ Liviu-George MAHA Alexandru Ioan Cuza University of Iasi‚ ROMANIA ignation@uaic.ro mlg@uaic.ro Abstract: Amazon.com has been during the time one of the most important leading force
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2.1.1 POLITICAL The hotel industry had evolved very rapidly since the opening policy in 1978‚ after that the economy has gradually transformed to a market-oriented one. The reform has created a much better business environment for the hotel industry development (Hornsby‚ 1990). According to Kotler (1996)‚ The political environment is strongly affect hospitality industry‚ political environment is made up of laws‚ government agencies and pressure groups influence and limit the activities of various
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A GLOBAL / COUNTRY STUDY AND REPORT ON “ PESTLE Analysis and Sector ial Study of Russia” Today we are at the door step of 21st century. The world is widening without having a New and new developments are coming these days in all fields all over India to make the people life more comfortable and luxurious. The industries are growing so fast in India in order to satisfy all the needs of people. Similarly Gov. has supported to these companies for their development and progress of private
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