and Tourism Council estimates that in 2004Travel and tourism is expected to generate* US$ 5‚490.4 billion of economic activity* 10.4% of total GDP* 214‚697‚000 jobs or 8.1% of total employment* 12.2% of total exports [1]My task is to conduct a PEST analysis for a company within the Tourismindustry. Within the tourism industry‚ I have to select one area of interestlike transportation‚ accommodation and transportation etc. and thenone company doing business with these sectors related with thetourism
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Section 1 PEST Analysis Section 1.1 Social Environment Things outside and around business are business environment‚ and social environment is “the aggregate of social and cultural institutions‚ forms‚ patterns‚ and processes that influence the life of an individual or community. (Pathak‚ 2014)” To put it in other words‚ social environment is related to people‚ and it includes demographic and cultural. Social environment has large influence on business‚ and the details are as follow. Firstly‚ using
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BRAZIL PEST Political environment • Greed and Corruption • Increase in government expenditures • Political stability and emphasis on consistent economic policies and growth • Position of international influence and power (BRIC) • Many environmental restrictions and regulations (Protection of Amazon) • Going into business: • High bureaucracy‚ lack of transparency of rules and slow legal procedures (are hurdles to overcome and make brazil a difficult country to do business in) • The huge
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view on an international well-known organization-Nokia Corporation on highlighting the basic purpose of management including ensuring the organization’s goals are achieved in an efficient and effective manner and perform the following tasks:- A.) PEST Framework. B.) Departmentalized by geographic location. C.) Social Responsibility. 2.0 NOKIA CORPORATION 2.1 Company Background The roots of Nokia go back to the year 1865 with the establishment of a forestry industry enterprise
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PEST Analysis about the American Manufacturing Industry In the article Can the Future Be Built in America‚ the author Pete Engardio describes the crucial issue of the manufacturing industry exodus from the United States and how smarter tax policies‚ low-cost loans‚ and industrial zones may help keep factories at home. For over a half century‚ American manufacturing has dominated the globe. It helped rebuild Europe and Japan and it stimulated the economic growth in China because of outsourcing
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technology. Ellison and his co-founders‚ Bob Miner and Ed Oates‚ realized there was tremendous business potential in the relational database model—but they may not have realized that they would change the face of business computing forever. SWOT Analysis Oracle has a growth strategy that focuses on acquisitions of complementary companies‚ products‚ services and technologies. Over the previous 4 years‚ Oracle has significantly invested in acquiring companies like BEA Systems in 2008‚ Hyperion Solutions
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This paper outlines the benefits of environment influence on business. The paper specifically discusses about the FirstGroup Plc and environment influence of PESTEL analysis. what is the impact on the business of the stakeholder such as‚ Governments‚ customers and communities. The paper concludes the FirstGroup Plc strategy to overcome the demand of the customers risen above the pack because of its extremely ethical and highly exposed business practices‚ both in regard to its sourcing and its treatment
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HTC- Something Beautiful Is Coming Internal Analysis History and Growth HTC was founded in 1997 by Cher Wang and her husband. Wang wanted to manufacture personal digital assistance under contact of established brands. However‚ the company failed to convince buyers. Instead remained focused on contract manufacturer’s mobile phones according to its customer’s strategic priorities. Cher approaches the business with the eyes of the customer.HTC had nututred contacts into valuable business relationships
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Profile of the Industry Overview The textile manufacturing sector includes companies engaged in various textile products such as yarn‚ thread‚ twine‚ and knit fabrics‚ textile dying‚ coating‚ and waterproofing. Finished textile products include apparel‚ leather‚ curtains and drapes‚ canvas sheeting‚ and other fabric items. Pakistan exports are high dependent on the textile industry. Pakistan has become one of the leading cotton producing country. Size‚ concentration‚ structure Pakistan is
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Political- Relates to changes in government influence and can have huge significance for companies. Changes in the priorities for public spending or the UK ’s relationships with other countries can open or close major markets. Political changes are closely tied up with legal changes. Laws are continually being updated in a wide range of areas‚ e.g. consumer protection legislation‚ environmental legislation‚ health & safety and employment law‚ etc. Employees should be notified of all legislation
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