PEST ANALYSIS The PEST analysis is a useful tool for understanding market growth or decline‚ and as such the position‚ potential and direction for a business. PEST is an acronym for Political‚ Economic‚ Social and Technological factors‚ which are used to assess the market for a business. Basically it is a scan of macro-external environment‚ in which a business wants to operate. Political Factors include: • Tax policy • Employment laws • Trade restriction and Tariffs
Premium Economics Tire
PEST Analysis for a Company in the Tourism Industry The Tourism industry is one of the fastest growing industries in the world. The World Travel and Tourism Council estimates that in 2004 Travel 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 Tourism industry. Within the tourism industry‚ I have
Premium Travel Inflation Economics
I chose these two entries :- Joseph Stiglitz The basic idea that Joseph glitz talks about is how globalizations hadn’t worked out the same way that most people thought it would. The first thing he talks about is the increasing inequality between the rich and the poor between the people around the world and sometimes within the same country and the fact that globalization has something to do with that. I agree with him on the idea that technology and the education required to use technology have
Premium Arundhati Roy International trade Free trade
Marketing Environment What would you assume to be the key PEST drivers? PEST/STEP is about the macro environment. We should use the finer grained variant of Kotler which details Social into Cultural‚ Demographic and Natural (the first two probably being very “yielding”). Political Forces Alcohol consume is a threat to public health and should be constrained • Market monopolization in Scandinavian and other countries • Alcohol taxes in most countries of the world • Anti-alcohol campaigns
Premium Alcoholic beverage Vodka Alcoholism
Discuss the impacts of multinationals setting up factories in your country. Nepal is recognized as a LDC‚i.e. Least Developed Countries which makes it a very suitable target for multinationals to set up their business with.Nepal would face various impacts of the multinational companies.Firstly‚ the main reason behind multinationals wanting to carry out their businesses in a country like Nepal is to have a lower costs of production‚that is to say‚cheap labour‚low input costs‚ avoid import costs
Premium Multinational corporation Corporation
Financial Accounting and Reporting (8th Edition)‚ FT/Prentice Hall. Lewis‚ R. & Pendrill. D. (2004)‚ “Advanced Financial Accounting” (7th Edition)‚ FT/Prentice Hall. Britton & Jorissen. (2003)‚ “International Financial Reporting and Analysis” Thomson Task 4 Tisdale M.A. (N.D.) WiseGeek: “What is a Trade Surplus” [Online] available on http://www.wisegeek.com/what-is-a-trade-surplus.htm# Pettinger T. (2012) Economics: “Balance of Payments Disequilibrium” [Online] available
Premium Currency International economics Foreign exchange market
POLITICAL ANALYSIS TAXATION As of 1 January 2001‚ South Africa’s territorial system of taxation (or source-based system) was replaced with one based on worldwide incomes for resident companies‚ including resident branches of foreign companies. In order to preserve some of South Africa’s appeal as an "off-shore" location for international headquarters‚ a separate regime for non-resident International Holding Companies (IHCs) is maintained which allows for income from foreign subsidiaries
Premium South Africa
PEST Analysis The PEST analysis is used in this report to evaluate the political‚ economic‚ social and technological aspects of the macroeconomic environment in the targeted market‚ Russia. This study helps to frame the basis for the decision-making about a possible market entry. Thus‚ it is of vital importance to scrutinize the macroeconomic environment as part of the market research. Political and Legal Aspects According to the Russian 1993 Constitution‚ Russia is a democratic federative state
Premium Economics Economic growth Soviet Union
Zachariah T. Ms. Katherine S. English 10A 10 January 2013 Kukri – The Knife of Nepal The kukri or khukuri has been the weapon of choice for Nepalese soldiers since at least the 1600’s and has been extensively used as an all-purpose knife in the Indian cultures. This knife has been used for everything from a reaper of bamboo‚ wheat‚ and barley‚ digging furrows‚ cutting up meat and vegetables‚ to the unique‚ effective fighting knife with an established reputation of being irreplaceable for chopping
Premium Kukri Knife
THE FAILURE OF EDUCATION SYSTEM IN NEPAL Tara Prasad Bhusal Lecturer of Economics Patan Multiple Campus‚ Tribhuvan University ‚Nepal Although‚ we have experienced more than three decades of New Education System‚ education in Nepal has failed. We are not adequately preparing our students for professional and technical positions and are thus losing the technology race. We are not inspiring our students to think critically: to read‚ to study. Thus we are losing the intellectual fight as well
Premium New York City School Education