Introduction PEST Analysis is the Political‚ Economic‚ Social culture and Technology analysis that a company does to determine the overall business environment. A PEST analysis is a look at the external environment of a company or a business that plays an important role in managing and decision making of a company. It is crucial for a company to consider its environment before relating with the public or customers. The PEST analysis examines the impact of each of the factor on the company. Thus
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PEST Analysis of Confectionary Industry The Commonwealth of Australia has stable liberal democratic system with policies that support industrial growth (Australianpolitics.com‚ 2009). There is steady growth in labor market as well since 2001 (Chandra Shah‚ Gerard Burke‚ 2006). There are no additional restrictions enforced due to ecological factors on the confectionary market except for regular industry norms to take into account ecological issues. So political factor of PEST analysis is conducive
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PEST analysis: Political: Australia is a type of democratic country and it is stable politically. The characteristics of Australian government such as transparency and having low level of corruption‚ and being internationally competitiveness helps Australia to have the lowest rank of political instability in Asia-Pacific and it standing on bottom fourth position in the world in political instability (Australian government 2009). Therefore this factor is an advantage and an opportunity for the companies
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1 What is an Assessment Centre? When I heard the term assessment centre for the first time I thought that it is a physical place and its purpose is performance assessment of employees of various organizations that visit assessment centres with such a need. In fact‚ assessment centre is a method‚ not a place or organization. It is a personnel selection method. Normally‚ assessment centre consists of a series of testing exercises. These exercises might be written‚ oral or job-situation simulations
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The Centre Lathe The Centre Lathe is used to manufacture cylindrical shapes from a range of materials including‚ steels and plastics. Many of the components that go together to make an engine work have been manufactured using lathes. These may be lathes operated directly by people or computer controlled lathes that have been programmed to carry out a particular task. A basic manual centre lathe is shown below. This type of lathe is controlled by a person turning the various handles on the top slide
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PEST analysis for Organix (UK) Political factors Stable political system‚ good-working legal system‚ guaranteed compliance with the laws (especially what affecting business)‚ general government stability and risk aversion policy are positive factors for Organix to start up their business in UK. Economical factors Stable economic system‚ high level of GDP per capita (for UK and EU countries where products are mostly selling) and middle-high growth rate (historical tendency)‚ very high level of
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The sociocultural environment encapsulates demand and tastes‚ which vary with fashion‚ disposable income‚ and general changes‚ can again provide both opportunities and threats for particular companies (Thompson‚ 2002; Pearce and Robinson‚ 2005). Over-time most products change from being a novelty to a situation of market saturation‚ and as this happens pricing and promotion strategies have to change. Similarly‚ some products and services will sell around the world with little variation‚ but these
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Judaism and many more have different buying patterns and opinions for any products they buy (Wilson 2005). The Adidas Group has penetrated most countries so all these social attributes play very important roles in deciding the company’s strategy. PEST ANALYSIS TECHNOLOGICAL FACTORS Technological advances in things like machinery will have an affect on the Adidas Group. The latest Technology can speed up production‚ save energy or cut down labour costs. Currently the world has become a small village
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PEST Analysis for Sony Corporation POLITICAL FACTORS Political factors for Sony Corporation can be changed at any time. TheGovernment holds the power to change any policies and regulationswhich may affect Sony at the time. The credit crunch and the recession may become reduced‚ therefore resulting in better trades for Sony Corporation. However this also means that the same has occurred for Sony¶s competitors. This means that Sony must develop ideas on how to stay ahead of its competitors. The
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PEST analysis Business Environments. Arcadia Group ltd. Assignment 2 Module leader: Dr. Marcjanna Augustyn Student ID: 200911496 Module code: 44201 Table of Contents Summary3 Introduction3 Methodology4 Political Factors4 Economic Factors7 Social Factors 8 Technological Factors………………………………………………………………………………………….10 Conclusion………………………………………………..……………...…………………….11 References…………………………………………………….……………………………….12 Summary Report includes political‚ economic‚ social and technological
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