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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American Apparel is an Industrial Revolution. American Apparel is a vertically integrated manufacturer‚ distributor and retailer‚ based in downtown Los Angeles‚ California. We currently employ approximately 10‚000 people globally (about 5‚000 in LA)‚ and operate more than 285 retail stores in 20 countries. Within our business model‚ knitting‚ dyeing‚ cutting‚ sewing‚ photography‚ marketing‚ distribution and design all happen in the company’s facilities in Los Angeles. The company operates
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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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Tutorial 1: Markets and Organizations Q1. Case Study [pic] Managing external influences First Group (First) is the UK’s largest transport operator‚ employing more than 137‚000 people in the UK and the USA. In the UK‚ it runs rail services carrying around 275 million passengers a year. It is the UK’s largest bus operator and also runs a rail freight business. In the US‚ it operates school transport for nearly four million students a day. The company is seeking to extend it operation in UK
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Ling Yang‚ Intimate Apparel Group Discussion Questions Compare the economic and social circumstances of the women‚ Esther‚ Mrs. Dickson‚ Mrs. Van Buren‚ and Mayme. Are any of the women in a better position than the others? Mrs. Dickson and Mrs. Van Buren are in a better position than Esther and Mayme. Because Esther is a 35 Black Women who sews intimate apparel‚ works for herself and makes living on it. She is not married. Therefore‚ she has no one to rely on. She also can’t write‚ read‚ illiterate
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A RESEARCH REPORT ON ASSESSMENT OF COMPETITION IN APPAREL RETAIL INDUSTRY IN INDIA SUBMITTED TO MR.RAKESH KUMAR JOINT DIRECTOR (ECONOMICS) SUBMITTED BY: KANIKA MA (ECONOMICS) AMITY UNIVERSITY NOIDA 1 TABLE OF CONTENTS S.NO TOPIC Disclaimer Acknowledgement Chapter-1: Retail Sector in India Introduction Size of the market Classification of Retail Industry Chapter-2: Apparel Retail industry Introduction Market size Market structure Key players Future trends and opportunities Chapter3- Foreign
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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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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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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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