technology‚ new replacement products (i.e.‚ the iPod to the CD player)‚ laws concerning emissions‚ or a new competitor. Several popular frameworks exist to aid in identifying environmental factors. They are frequently used together. The first is PEST or PESTEL analysis‚ which looks at the political‚ economic‚ social and technological factors affecting a business; sometimes environmental and legal are included. Secondly‚ SWOT analysis is used. This is a framework that looks at the strengths‚ weaknesses
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PEST ANALYSIS RESTAURANT MARKET Aims of the Presentation To explain the meaning of a PEST analysis. To identify and analyse external factors that affect the restaurant industry. To conduct original research into PEST factors. Task 4 Assignment: Develop a marketing mix for a new/existing chocolate or soft drinks product. Task 4: Conduct a PEST analysis‚ which analyses the external factors‚ which affect the market for your product/service. Grading Criteria: AO4 Explain
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Environment Customers Without the support of customers ages 3-120‚ Nintendo Wii would be sitting on store shelves collecting dust and losing money for Nintendo. Competitors The two main rivals to the Nintendo Wii are Sony ’s PlayStation 3 and Microsoft ’s Xbox 360. Without this competition‚ Nintendo may not be to the point that it is now. It could rest on its laurels and not supply its customers with newest and greatest ideas. Media The media can at times be a business’s enemy or a friend. Regardless which
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identifying and developing options‚ for which the 1. Brainstorming technique is particularly useful. See also the free SWOT analysis template and examples‚ and 2. PEST analysis template‚ which help decision-making and problem-solving. 3. SWOT analysis helps assess the strength of a company‚ a business proposition or idea; PEST analysis helps to assess the potential and suitability of a market. Good decision-making requires a mixture of skills: creative development and identification of
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highest standard and offers the best experience for young children. Importantly it is a useful tool for you and any assistants or staff to evaluate the impact of what you do on children’s welfare‚ learning and development.” (Ofsted 2009‚ pg.13) PEST ANALYSIS POLITICAL Politically unsettled Arab spring Benevolent dictatorship No pressure groups Frequent change of legislation but no clear guidelines No official body or organization to refer to Government policies are not consistent
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Strategic Analysis for Nintendo Co. Ltd. Executive Summary Nintendo Co. Ltd. is a longstanding member of the home entertainment software industry that has embarked on a mission to offer the highest quality products and services while treating their customers with attention‚ consideration and respect. Nintendo’s strategy thus far has been to take advantage of their video game development capabilities; nearly 60% of games sold by Nintendo are self developed. The innovative capabilities derived
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MOPO - OutCome 1: Case Study 1) A goal is a long term target. Requires around 1 – 5+ years of work and is often not specific enough to be measured. It is achieved by completing numerous ‘objectives’ within its framework. Goals are set by top level teams of businesses. They are intentions. An objective is a short/mid term target that is more specific and can be measured. They take around 1 – 12 months to complete. Objectives are created by mid and lower level parts of a business‚ they are made
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INFORMATION PAPER Marketing Management ‘PEST’ ANALYSIS AND FIVE FORCES ANALYSIS June 2008 Momtchil Krastev m.krastev@clusterstar.com Profit Center Sofia London School of Economics Information Paper The Firm and the Environment – A fictive amusement park in the UK PEST Analysis and Five Forces Analysis For further information‚ please do not hesitate to contact us: ClusterStar KG Werderstr. 1 86159 Augsburg Germany Office +49 (0) 821 26 12 084 Cell +49 (0) 176 213 003 52 E-mail:
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provided by the official website of LEGOLAND® Billund. The sources on which the external part of SWOT was made are all the articles and web pages used to describe the political‚ economical‚ socio-cultural and technological environments used in the PEST analysis and the findings compiled in the Porter’s 5 Forces model about the suppliers‚ buyers‚ substitute products‚ new entrants and existing competition. 7.1.1. Strengths These are represented by the fact that the park offers its visitors a unique
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B 1 PEST & SWOT Only a few students managed to complete this question. PEST and SWOT are certainly two different perspectives: PEST assesses a market‚ including competitors‚ from the standpoint of a particular proposition or a business. SWOT is an assessment of a business or a proposition‚ whether your own or a competitor’s. Strategic planning is not a precise science - no tool is mandatory – it is a matter of pragmatic choice as to what helps best identify and explain the issues. PEST becomes
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