PEST Analysis We carry out a PEST analysis to examine political‚ economic‚ social and technological factors on our business and we can use our findings to take advantage of opportunities that may arise and also be prepared to face possible threats that may come our way. The use of PEST analysis will help our business to effectively adapt to the realities of the new environment and help us to create a marketing plan that will be effective and which will therefore enable our business to compete
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PEST Analyses A PEST analysis (also sometimes called a STEP‚ PESTLE or STEEP analysis) looks at the external business environment. PEST stands for Political‚ Economic‚ Sociocultural and Technological. Technological factors in this case‚ include ecological / environmental aspects - the second E in STEEP and PESTLE‚ while legislative factors are included under Political (the L in PESTLE). The analysis examines the impact of each of these factors (and their interplay with each other) on the business
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Pest Analysis Demonstrate an understanding of PEST analysis (macro-environmental assessment) by identifying the key factors of change in the environment for an organization of your choice. Critically analyze the impact of these changes on the market and the corresponding strategies to tackle these changes. I would like to propose milk powder in the mainland China as an example to illustrate the PEST analysis. Political - The political arena has a huge influence upon the regulation of businesses
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The PEST or PESTLE Analysis templates PESTLE analysis template Other than the main headings‚ the questions and issues in the template below are examples and not exhaustive - add your own and amend these prompts to suit your situation‚ the experience and skill level of whoever is completing the analysis‚ and what you aim to produce from the analysis. The context upon which a PESTLE analysis is undertaken can help to determine how to interpret facts and information discovered. |PEST/ PESTLE Analysis
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PEST ANALYSIS The global apparel market is a consumer-driven industry. Also‚ globalization and new technologies have allowed consumers to have more access to fashion. As a result‚ consumers are changing‚ competition is fierce‚ and companies are evolving to meet these demands. The company was founded in 1975 by Amancio Ortega in Spain. Trendy clothing brand Zara is known around the world for dressing men‚ women and children in a sexy retail environment that feels a lot more expensive and exclusive
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1. The problems Air Canada hopes to resolve using the Maintenix is the present systems Air Canada is operating were not ‘interacting with one another or with finance or inventory systems’ (Laudon‚ p 50). The inefficiencies of the systems were costing Air Canada the time of employees‚ engineers‚ and money that can be used on other sources. Air Canada was overspending on excessive inventory costs. 2. Maintenix improves operational and decision-making through software programs‚ ‘providing integrated
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It is clear in the airline industry that IT is an integral part of operations. As we learned from the Air Canada Case‚ almost all of the activities performed in the flying process depend immensely on IT. When thinking how IT can speed up business innovation‚ companies can continually develop new methods and learn from other companies based on what IT procedures are already in place. Being able to check-in to a flight online led to printing the boarding passes at home to downloading them to your smart
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What is PESTLE Analysis? Originally known as PEST Analysis‚ this is a macro environmental framework used to understand the impact of the external factors on the organization and is used as strategic analytical technique. PEST stands for "Political‚ Economic‚ Social‚ and Technological” factors. Francis Aguilar is referred to as the originator of this tool. He talked about ETPS – Economic‚ Technological‚ Political‚ and Social– as the four important factors for Scanning the Business Environment
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3. (a) training program Companies who work hard to meet the needs of their employees can cultivate a work atmosphere conducive to productivity. Being able to plan for the needs of employees by thinking ahead can help to improve the rate of skilled employees who chose to remain working for a company. Improving the employee retention rate can reduce the money companies spend on finding and training new employees. It is important to consider employees may want or need and what the company can reasonably
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Overview of the Company Air Canada is the largest airline in Canada and the 15th largest commercial airline in the world to day (About Air Canada‚ 2012). Their headquarters are held and located in Montreal‚ Quebec. They have three hubs throughout Canada‚ in Toronto (YYZ)‚ Montreal (YUL and Vancouver (YVR). Air Canada’s main line of work is providing aviation transportation service to customers‚ along with offering specialty charter services. They provide these services along with incorporating
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