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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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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경영정보시스템 채상미 교수님 Individual assignment #1 1001455 최은민 1. Cyworld has a competitive advantage that it is blended of a social networking site‚ blogging site‚ photo sharing web site‚ and even videogamelike avatars. This interestingly-blended one allows customers to value it more than competitors like Myspace‚ Facebook‚ Friendster‚ Yahoo 360‚ etc‚ which are text-heavy bulky sites of social networking. Thus buyer power is low‚ supplier power is high even though there are some other social networking
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PESTAL Analysis of Serena Hotel Political Pakistan has experienced many political upheavals during the last year of a century and the one thing‚ which the country was lacking‚ is political stability. This had a direct effect upon the policies of the businesses especially hotels management. Although tourism growth was affected all over the world after the 9/11 incident‚ and it had a far reaching negative impact on Pakistan’s economy in general and Gilgit Baltistan in particular‚ as its economy
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face ups and downs‚ it did not stop her to become the most important pioneer in this industry. This article approaches the evolution of Amazon.com from a PESTEL‚ Porter`s five forces‚ a competitor analyze point of view‚ also an internal analysis and a SWOT analysis. E-commerce has become a key driver of business success nowadays Keywords: electronic e-commerce‚ Amazon.com‚ technology‚ globalization Introduction The expansion of globalization has led to the emergence of the digital economy. New
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L’Oreal: Global Brand‚ Local Knowledge L’Oreal: Local Knowledge‚ Global Brand Case Study: What are Some of L’Oreal’s Ways? Author: Ted Landgraf The purpose of this case study is: Show how important market analysis is in all business areas; Know your competition; To strive and prosper‚ be an “ABC Organization”; Think outside of the box; Innovation is powerful; Branding is necessary; Global strategy is fundamental; Know Your SWOT; and Much more. © Above the Standard Procurement Group®‚ Inc
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Industry Competitors Suppliers‚ Substitutes and Buyers. According to Euromonitor International (2008)‚ the threat of new entrants into the cosmetic markets is low‚ considering that majority of the market is already owned by leading companies such as L’Oreal‚ Unilever‚ Proctor and Gamble (Appendix 4). Hence‚ it would be extremely difficult for a new firm to establish their brand name‚ due to the intensity of competition. Since there are few differentials between products‚ and due to strategic objective
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A SWOT analysis (strengths‚ weaknesses‚ opportunities‚ threats) helps a firm’s decision makers determine what makes the firm distinctive‚ where its skills lie‚ and what its abilities are in the context of the market. It is a natural part of the planning process‚ and the starting point for a firm when assessing its environment. L’Oreal’s strengths include the fact that it is the largest seller of haircare and beauty products in the world. It is the market leader‚ concentrating on 12 core brands
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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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