National Maritime Museum PEST Analysis What political factors affect the Museum’s ability to attract visitors? The museum is required to meet government target to attract any groups. Free admissions in museum are funded by central Government. Foreign tourists are worried about health risk such us the recent outbreak of Foot and Mouth disease and because of this they can stop to visit. What economic factors affect the Museum’s ability to generate income and increase the number and profile of visitors
Premium Leisure Museum Psychology
MGT200-1/BY01 1.) Develop a comparative PEST Matrix for the Philippines with another country (the US‚ any one of the BRIC economies or a SE Asian country). 2.) All information should be attributed properly to their source. Political Factor Government PHILIPPINES Unitary presidential constitutional republic Head of the state/chief executive is President elected by the citizen for a single six year term. Cabinet is appointed by the president. Oil Industry commission (Govern by RA 6173); Foreign
Premium Indonesia Tax Philippines
PEST Analysis Understanding "Big Picture" Forces of Change (Also known as PESTLE‚ PESTEL‚ PESTLIED‚ STEEPLE and SLEPT Analysis) PEST Analysis is a simple‚ useful and widely-used tool that helps you understand the "big picture" of your Political‚ Economic‚ Socio-Cultural and Technological environment. As such‚ it is used by business leaders worldwide to build their vision of the future. It is important for these reasons: • First‚ by making effective use of PEST Analysis‚ you ensure that what
Premium Economics PEST analysis Analysis
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
Premium Hotel Tourism Hospitality industry
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
Premium Economics Transaction cost Price
EXPLAIN THE PURPOSE AND BENEFITS OF PEST ANALYSIS. PEST analysis is used to evaluate the political‚ economic‚ social and technological influences that organizations might face when they are about to start a project. It provides external factors that organizations should take into consideration before they start the projects. In this case study‚ the UNISION used PEST analysis to investigate the external environment surrounding migrant workers; it helps UNISON to identify and understand the reasons
Premium Migrant worker United Kingdom Immigration
PESTE Analysis PEST analysis (Political‚ Economic‚ Social and Technological analysis) describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. Insurance is one of the service factor that are expected to continue to drive growth in the economy. Thus the insurance sector play important role in supporting economic ‚social and technology development. Economical factor Interest rate at bank very much affect to insurance industry‚ because
Premium Investment Economics Insurance
Impact of FDI In The Indian Retail Sector By: Aditi Mehta 12/PPRA/504 Foreign Direct Investment (FDI) FDI is a mode of entry to international business. It refers to the investment made in a foreign country where the investor retains control over the investments. This can be made by an individual‚ as well as by business entities. FDI is a venture with long term considerations‚ as it cannot be easily liquidated. FDI as defined in Dictionary of Economics ( by Graham Bannock) as investment
Premium Retailing Investment Real estate
Porter’s Five Forces Analysis on Indian Retail Industry An analysis of the structure of the industry should be undertaken in order to find effective sources of competitive advantage (Porter‚ 1985). Therefore‚ in order to analyse the competitive environment of Tesco‚ Porter’s five forces analysis has been used by the researcher as follows: Threat of substitute products and services The threat of substitutes in the grocery retail market is considerably low for food items and medium to high for
Premium Supermarket Wal-Mart Retailing
RETAIL ASSETS (USD bn) | |FY2003 |FY2004 |FY2005 | |Outstandings |153 |217 |298 | |Disbursements |18 |22 |29 | Source: Economic Times • The retail loan market
Premium Bank Microfinance Million