A PEST analysis (also sometimes called STEP‚ STEEP or PESTLE analysis) looks at the external business environment. In fact‚ it would be better to call this kind of analysis a business environmental analysis but the acronym PEST is easy to remember and so has stuck. PEST stands for Political‚ Economic‚ Sociocultural and Technological. (Technological factors in this case‚ include ecological and environmental aspects - the second E in STEEP and PESTLE‚ while the L in PESTLE stands for legal). The analysis
Premium PEST analysis Marketing Management
ASIA PACIFIC UNIVERSITY OF TECHNOLOGY AND INNOVATION BUSINESS ENVIRONMENT (ABUS001-3-1) GROUP ASSIGNMENT BUSINESS ANALYSIS OF MOROCCO STUDENT NAME: MUKTADIR AHMED CHOWDHURY (TP028335) MOHAMED TAUSIF SHAIKH (TP028207) EFAZ AHMED (TP028309) MUHAMMAD SHOAIB (TP028023) INTAKE CODE: UCD1F1203 LECTURER NAME: TEE CHEE HOONG HAND OUT DATE: 4th APRIL 2013 HAND IN DATE: 2nd MAY 2013 Contents Acknowledgement 3 INTRODUCTION 4 Importing and Exporting 5 Ferrying 5 Oil 5 Phosphate 5 POLITICAL 6 Economy
Premium Morocco
investment in employees. To ensure advantage the enterprise must have comprehensive and well followed recruitment policies to ensure that they meet legal obligations as well as organizational needs and social requirements. This can be done via an analysis of the business’s Micro and Macro-environment. The objective of this report is to analyze the market in which Tesco PLC operates and discuss how this will affect the companies HR policies. Political factors: As with any company‚ Tesco is restricted
Premium Motivation Tesco Human resource management
sustainability. Economic Analysis The approach to the sustainability program is useful and encourages DCB to be open and transparent to the issues such as the initiatives in further research and development‚ dialogue with the government and various organizations‚ and their priorities. DCB Bank enable to broaden their focus on corporate responsibility to prove that they play an essential role in establishing an economic advantage in the country where they operate. Social Analysis The sustainability
Premium Economics Non-profit organization Government
operating officer of Shangri-La Hotels and Resorts‚ was reviewing the progress the Hong Kong-based company had made over the previous 10 years as it grew from a regionally focused business into a rapidly expanding international deluxe hotel group. With 18400 employees‚ 50 hotels‚ and $842 million in revenues‚ Shangri-La Hotels and Resorts (Shangri-La) was a leading player in the luxury hotel industry and was growing rapidly to satisfy increased demand for deluxe hotels and resorts in Asia‚ Europe‚ and
Premium Hotel Hotel chains Hotels
Part 1. PEST Analysis in Business Environment 1. Introduction 2 1.1 PEST Analysis Execution 2 Political Environment 2 Economical Environment 2 Social Environment 3 Technological Environment 3 Part 2. Case Study On Organizational Business Strategy 2. Vodafone - Using Technology To Improve Economies .............................................................4 2.1 PEST factors affecting
Premium Strategic management SWOT analysis PEST analysis
Support: Many important industries in the economy were harmed by the Deepwater Horizontal incident in the Gulf of Mexico. BP spent a great amount of time and money trying to help the economic recovery in local communities and two very important industries after the oil spill. Two industries that were affected the most included seafood and tourism. These two industries are very important to today’s economy. To help fix what BP had destroyed they offered $10 billion to the two industries to rebuild themselves
Premium Social responsibility Petroleum Corporate social responsibility
are collect. Although some members of parliament may legislate that its home industry Mini for example should have more importance and curb competition in the country. It is said that during times of political stability business is favourable. Toyota in this case can regroup its ideas and put forward plans which can be tolerated by the government. This time period can make or break a business particularly in the car industry. It’s regarded as suitable to produce cars that are environmental friendly
Premium Corporation Automobile Multinational corporation
at certain times. Extraction cost As we all know the UK oil and gas industry is in serious Decline and has a foreseeable life span of about 40yrs.In the words of Tony Hayward‚ C.E.O. BP group “we are not running out of oil‚ it’s just going to get harder and Harder to get it out of the ground therefore; loads more expensive”. When Extraction cost is high‚ supply cost gets higher and that will have a strong impact on the industry. New technological strategies Oil companies such as Procter Gamble
Premium Ethanol fuel Technology Macroeconomics
Political The Political factors relates to the factors which the government also affects such as government instability or rules and regulations which the business must follow. Nokia have recently moved one of its manufacturing facilities to India‚ and because of this it is important that Nokia follow the rules and regulations that are set in India‚ so that they can operate as efficiently as possible. The types of things they will have to be aware of is the minimum wage‚ the maximum hours a week
Free Mobile phone Nokia