companies in the world. Unfortunately‚ Pfizer faced challenges by macro-environment forces that affect their sales volume decline dramatically in 2011. PESTEL‚ Porter’s Five Forces and Industry Lift Cycle frameworks to be applied to analysis the broad macro-environment that affected Pfizer in the pharmaceutical industry. 1. PESTEL framework PESTEL (Appendix I) is classifies into six environmental influences including Political‚ Economic‚ Social & Cultural‚ Technological‚ Environmental and
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Hierarchical Analysis of Industries Classes‚ categories‚ forms‚ brands Product hierarchy is a term which defines the way a product is relative to other products in the same industry. It guides the path and process a consumer takes to determine the products we choose and we eventually purchase. To start off we look at a basic need that our ultimate choice serves. After we identify the need and determine which industry will satisfy it we are faced with decisions. Which class of products in that
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1) Aviation Insurance A) History and development of Aviation It all started when the famous renaissance painter‚ Leonardo da Vinci developed drawings and sketches of flying devices and believed that human could fly on air one day. That may seem something impossible at that time. But‚ he designed a human – powered aircraft‚ Daedalus 88 and flew 115km in 1788. In 1842‚ Englishman named Henson patented a design for a machine similar to the modern monoplane. A Frenchman‚ Alphonse Penaud made
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Political Factors: The political factors includes the government policies as KFC being a foreign company‚ but they have to obey the policies of the Government laid by the government of Pakistan‚ the country where the business activities are being carried out. KFC has handled this situation very tactfully and has obeyed the policies of the Government as prescribe by the government in order to run this kind of business. The other major factor is the pricing policies. KFC maintain & design its price
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Insurance Sector in India Last Updated: August 2013 Brief Introduction Currently India is a US$41 billion industry. Currently‚ in India only two million people (0.2% of the total population of 1 billion) are covered under Mediclaim‚ whereas in developed nations like USA about 75% of the total population are covered under some insurance scheme. A robust insurance sector is a boon to a country’s economy. The sector facilitates long-term funds for infrastructure development and simultaneously
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Political environment Political environment consists of regulations‚ government policies and laws. These factors usually restrict and influence the management behavior of the enterprise‚ especially in the long-term investment behavior. For example‚ Lenovo is one of the largest computer company in the world. However‚ because of the policy of its home country supports the development of modern high science and technology‚ that encourages Lenovo to improve new information technology application‚
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Online Insurance Outlook to 2019 – Driven by Internet Growth and Web Aggregator’s Industry” presents a comprehensive analysis of the online insurance industry covering aspects including market size by Direct Written Premium and number of policies sold. A detailed analysis of market segmentation along with the channels of distribution has been listed in the report. The report also entails a detailed description on the recent trends and developments‚ SWOT analysis; issues faced by online insurance industry
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sub‐category as a whole‚ and this decline is underpinned by the departure of the highly profitable 18‐30 year old ‘aspirational drinker’ adult market segment. So‚ we need to think out new strategy to get the losing market back. PEST Analysis: Political: The alcoholic beverage industry faces political challenges. Specifically‚ in international markets‚ we should consider like civil conflict‚ governmental changes and restrictions concerning the ability to relocate capital. The hot political debate in 2010
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between insurance and hedging Insurance is generally an action taken to offset the impact of a negative event. Taking out insurance is a bet that something bad may happen and that protection against it is needed. Hedging is a type of insurance. However‚ hedging is a markedly different method of insurance from home‚ auto and flood insurance. Hedging refers to any series of actions taken to offset the potential risk of losses on a financial investment. Medical‚ home‚ auto and flood insurance policies
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Chapter-1 Industry Profile * History of Insurance * Types of Insurance * Life Insurance * Non Life Insurance | * Development of Life Insurance in India * Development of Life Insurance in Rural India * IRDA (Insurance Regulatory Development Authority) * Advantage of Life Insurance * Limitation of Life Insurance | The History of Insurance Although insurance may have been used by the Babylonians‚ the Greeks and the Romans‚ insurance in the modern
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