EXPLAIN THE PURPOSE AND BENEFITS OF PEST ANALYSIS. PEST analysis is used to evaluate the political‚ economic‚ social and technological influences that organizations might face when they are about to start a project. It provides external factors that organizations should take into consideration before they start the projects. In this case study‚ the UNISION used PEST analysis to investigate the external environment surrounding migrant workers; it helps UNISON to identify and understand the reasons
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PEST analysis A PEST analysis is used to identify the external forces affecting an organisation .This is a simple analysis of an organisation’s Political‚ Economical‚ Social and Technological environment. A PEST analysis incorporating legal and environmental factors is called a PESTLE analysis. Political The first element of a PEST analysis is a study of political factors. Political factors influence organisations in many ways. Political factors can create advantages and opportunities for
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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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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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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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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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Report Assignment The H&M Business and Environmental Sustainability Table of content Introduction……………………………………………………..…….……p.3 Importance of Environmentalism……………………………………..…p.3 Concept of Environmentalism ….……………………………..…..p.3 Trend of Environmentalism………………………………..……….p.42.2.1Corporate Environmentalism………………………………...p.42.2.2Hong Kong Environmental Protection ……………………… p.4 Sustainability Information of H&M……………………………….………..p.5 H&M…………………………………………………………………p.5 Competitor
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H&M Project 1 Copenhagen Business Academy AP Degree Programme in Marketing Management 1st semester Guidance teacher: Lorentz Jessen The Date of Hand-in: 16th December‚ 2013 Names and Signatures: Taewook Kang‚ Inna Nielsen‚ Mads Zacho Krarup‚ Phillip Christian Schmølker Hornehøj‚ Azjargal Purevdavaa Contents 1. Introduction
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distribution groups in the entire world. Zara has clothing‚ shoes‚ handbags and furniture. There are over 3.000 Zara stores around the world‚ 205 Zara Kids stores and 272 Zara Home stores. This means that Zara is larger than the American Gap and Swedish H&M! Zara launches about 12.000 collections each year (1000 each month)! Most other clothing stores try to predict the trends in fashion‚ because they need 6 months to one year to develop a clothing line. Zara on the other hand‚ only needs a month to
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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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