PEST analysis PEST analysis stands for "Political‚ Economic‚ Social‚ and Technological analysis" and describes a framework of macroenvironmental factors used in the environmental scanning component of strategic management. It is a part of the external analysis when conducting a strategic analysis or doing market research and gives a certain overview of the different macroenvironmental factors that the company has to take into consideration. It is a useful strategic tool for understanding market
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Nature of the Automobile Market 4 1.1 China: 4 1.2 India: 5 2 The Country Situation in India and China 7 2.1 China: 7 2.2 India: 8 3 The Type of FDI to Further Minimise Risks 10 4 Conclusion and Recommendations. 10 5 Bibliography 13 6 Appendices 17 6.1 List of Tables: 17 6.2 List of Figures: 22 List of Tables Table 1: Comparison of Key Economic Indicators in China and India 17 Table 2: China - Top 10 Manufacturers ’ ’ Sales Rank 17 Table 3: India - Turnover of Automobile Manufacturers
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The automobile industry effected much of the American culture. It was making for a new way of life in many ways. However‚ the automobile Industry was one of many that caused a rapid decline in many traditional industries in the 1920’s. The railroad and coal industry was affected by the trucking industry. The American Story states that the biggest hit of all was the American Farmers. Urban workers were also affected but not nearly as much as the farmers. Many of the ways of the American life was being
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What is PESTLE Analysis? Originally known as PEST Analysis‚ this is a macro environmental framework used to understand the impact of the external factors on the organization and is used as strategic analytical technique. PEST stands for "Political‚ Economic‚ Social‚ and Technological” factors. Francis Aguilar is referred to as the originator of this tool. He talked about ETPS – Economic‚ Technological‚ Political‚ and Social– as the four important factors for Scanning the Business Environment
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PEST Analysis for Newspaper Industry Using the PEST analysis to assess the macro environment of the newspaper industryshows that the technology and recession are two of the major factors that have beenaffecting the newspaper industry as well as the socio cultural side. Technology The Internet‚ a powerful and advance technology‚ has changed the model of masscommunication. The Internet has had a major impact on the external environment of thenewspaper industry and has been gradually substituting
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History of Ford and the world Automobile Industry: STEEP ANALYSIS: 1.Sociocultural: A few sociocultural factors have led back the automobile industry. Ford had suffered 10% fall in unit sales year on year with sharp declines in sales due to inaffective execution of the companies strartegies. The survival of ford depends critically on yhe state of the world auto industry. 2. Technological: Earlier horseless carriages were used as a source of conveyance. With the upgradation of technology the
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since the first gas powered vehicle was prototyped in 1886 by Karl Benz‚ the automobile has been revolutionizing and transforming into bigger and better things. Automobiles have transformed from the clunky build and gas guzzling engine to sports cars and very efficient engines that can get up to 40 miles per gallon. A new type of technology has developed over the recent years and can possibly change the automobile industry for good: electric-driven vehicles. The start of the electric-driven vehicle
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1. AUTOMOBILE INDUSTRY – INTRODUCTION 1.1 EVOLUTION OF AUTOMOBILE INDUSTRY: The evolution of the automotive industry has been influenced by various innovations in fuels‚ vehicle components‚ societal infrastructure‚ and manufacturing practices‚ as well as changes in markets‚ suppliers and business structures. Some historians cite examples as early as the year 1600 of sail-mounted carriages as the first vehicles to be propelled by something other than animals or humans. However‚ it is believed by
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(re)configurations‚ among others Just-in-time (JIT) manufacturing systems have attracted the attention of industries all over the world. The perceptible impact of JIT lies in attaining productivity and quality standards. The real challenge before Indian managers is to establish priorities among potential JIT techniques to achieve best possible advantage of JIT implementation in Indian industries.. With the variety of products on offer increasing with customization and evolving customer needs‚ it is
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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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