PEST ANALYSIS Stationary Businesses do not operate in a vacuum. The stationary business world is dynamic and to achieve competitive edge we should need to understand the dynamics of stationary industry and business . Our Organizations face problems from external factors which can affect products‚ policies‚ people and profits. To understand and evaluate external factors‚ we undertake what is called a PESTEC Analysis. * Political factors that affect businesses include new legislation such as the
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management System is implemented. (www.microsoft.com) Through this system the organization becomes precise in pricing and financing strategies and meets the customer preferences. (Ganesh D. at al.‚ 2001) Given that the company belongs to the tourism industry‚ the remaining value chain is: Principles → Intermediary → Customers Hamilton Hotels build vertical integration with their principles which provides additional activities. (Smeral‚ 1998) The cooperation includes arrangements
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PEST Analysis Template Situation being analysed: ______________________________________________________________________ PEST analysis (political‚ economical‚ social‚ technological) assesses a market‚ including competitors‚ from the standpoint of a particular proposition or a business. criteria examples ecological/environmental current legislation future legislation international legislation regulatory bodies and processes government policies government term and change
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Essay: Electronic Industry Code of Conduct Question: The EICC is designed for the electronics industry. Choose another industry and discuss how the EICC would need to be changed to apply to your industry and if the EICC would be an effective tool in your industry. I choose automotive industry as there are so many similarities. Labor conditions in the car industry can be so harsh that the work is physically demanding and involves exposure to noise‚ chemicals and dust. EICC can be a good example
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References: : http://jamesesz.wordpress.com/2009/10/28/marketing-assignment-a-marketing-plan-for-hsbc-7ps/ http://www.managementparadise.com/forums/principles-management-p-o-m/208719-pest-analysis-hsbc.html http://www.scribd.com/doc/18020786/Hsbc-Project-Report
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will be providing a detailed analysis of the existing Budget Hotel market‚ and how to improve the competiveness of the Travelodge UK‚ the second largest Budget Hotel chain in the United Kingdom‚ Second Premier Inn. This report will contain the following‚ a profile of the organisation’s current target market‚ which will include demographic‚ psychographic‚ geographic and behavioural variables. That will then be followed by a well-referenced and well-researched PEST analysis that will highlight the most
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Depends on your company. For a more accurate PEST analysis‚ it’s best to consider your company’s structure‚ product‚ and strategy. Anyway‚ here’s a very simple PEST analysis. Political - Vietnam is a Single Party Communist State. There is more likely to be higher government control and less autonomy for the organization wanting to enter the Vietnamese market. However‚ on the good side‚ Vietnam is more likely to have relatively greater political stability. Would be advisable to form good relations
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SECTION 1: PEST Analysis Royal Dutch Shell plc also known as Shell is an Anglo-Dutch multinational oil and gas company. It’s headquarter is located in The Hague‚ Netherland while its registered office is located in London‚ United Kingdom. Shell is the world’s second largest revenue company and it operates in over 90 countries and has 44‚000 service stations worldwide. PEST analysis‚ “Political‚ Economic‚ Social and Technological analysis” is the external macro-environment in which a firm operates
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challenges to organisations in the present and in the future. Examine the impact of changes in the internal organisational environment and its implications on an organisation. Question: An organisation in the circuit board manufacturing industry is planning to expand their operations offshore. It is looking to establish its operations in the new emerging market countries‚ as the Board of Directors believes that setting up factory in these countries would greatly reduce costs and would further
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PEST Analysis of Nokia PEST analysis identifies the political‚ economic‚ social‚ technological‚ environmental‚ and legal factors that of which directly affect a company. Political Factors Political/Legal environment are usually considered as one because they are enforced by the nation’s government. It is vital for Nokia’s operation because different nations with their respective government have different Political/Legal platforms respectively; Nokia operating on global level must abide to
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