Structure of Lesson Business Environment • • • • What does the business environment comprise? Use of PEST analysis Influences and drivers for change Glocalization Title of Slides Learning Outcomes At the end of this lesson‚ you should: Understand the nature of the business environment which includes ; • What does the business environment comprise? • Use of PEST analysis • Influences and drivers of change • Glocalization Title of Slides OPENING QUESTION WHERE DOES
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PEST - Brazil Political and Legal Forces in Brazil As the country is handling a program for economic growth‚ investors can access the support of the government in both financial and advising aspects. One potential barrier for the Australian energy producer is the presence of state-level federations. These are association of industrial companies that cooperates to achieve operational success and also to lobby effectively to the government. MERCOSUL is supportive to direct investments in the country
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PEST analysis Political Government of Malaysia had set rules and several regulation to obtain halal license‚ under Shariah law. It is necessary to have that license in order to attract malay customer. In addition‚ the license which is used to govern the operation of business is set up in order to protect the buyers and the sellers. Economy Economics in Malaysia is expected to grow from 2011 to 2014 according to the Economist Intelligence Unit. The real gross domestic product is expected to reach
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been called by the Board of Directors and Management‚ to look for a suitable country in these new emerging market countries for them to locate the factory. You are required to present a report as well as to carry out a presentation based on a PEST Analysis. You need to convince the Directors of the organisation about the suitability and the merits of the country you have chosen. Your goal is for your consultancy to be engaged by the organisation for further development work in this project.
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PEST ANALYSIS The market environment is a marketing term and it refers to all of the forces outside of marketing that affect marketing management’s ability to build and maintain successful relationships with target customers. Company‚ its suppliers‚ distributors‚ and its competitors are also impacted by what is happening in the world. To succeed therefore‚ it is necessary to continuously monitor‚ anticipate‚ and adapt‚ to that environment‚ and wherever possible‚ shape that environment. The
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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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PEST Analysis of Japan Political Environment - Political Stability and Absence of Violence/Terrorism ranked Japan in 44th with +0.94 score(less violent and more stable). Japan also was ranked in 31st with +1.25 scores in complete absence of corruption [1] - Restrictions access harmful published materials and allow regulate excessive disruption of social order but no restrictions on access to the internet [2] - Industrial policies influenced specific industries to gain international competitive
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management of Hamilton hotels‚ services after the accommodation could only increase the cost. In order to maintain low prices and meet the standards of customers‚ unnecessary services have been removed (Smeral‚ 1998) 3. PEST analysis 3.1 Political analysis Croatia is constitutionally parliamentary democratic country. Signing the Dayton Peace Accords in 1995‚ brought high level of security and protection. (www.state.gov) Though‚ corruption is awkward issue that remains. In addition
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SWOT Analysis: Strength Highest hotel in the world (The Ritz-Carlton‚ Hong Kong) -> ICC(Located 102 floors to 118 floors) (The 118th floors of the OZONE bar is the world’s highest bar) Major training operations in its Ritz-Carlton learning institute Environmental responsibility initiatives deliver an unparalleled guest experience while protecting our natural resources. Led by property-based Ritz-Carlton Environmental Action Conservation Teams (REACT). Reducing energy and water usage‚ offering
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Question 2 Please apply the PEST analysis to the Wal-Marts case study. "The secret of successful retailing is to give your customers what they want. And really‚ if you think about it from your point of view as a customer‚ you want everything: a wide assortment of good-quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly‚ knowledgeable service; convenient hours; free parking; a pleasant shopping experience." - Sam Walton (1918-1992) Wal-Mart is the
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