2. External analysis According to Marcus & Van Dam influence external factors an organization‚ whether an organization can only limited influence external factors. Therefore is important to analysis the external factors of a company‚ as they have to be informed about the macro environment in which they cooperate. The macro environment includes the external factors environmental‚ technological‚ economical‚ social‚ political‚ cultural‚ demographical‚ regulatory‚ general competitive and legal
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Pestel analysis Political factors: * With the joining of the European Union – sponsorship for higher education related programs * Increase in demand for higher education – the number of students‚ around the world‚ grew by 300% and the number of universities have tripled in the last 30 years‚ therefore the demand for student accommodation has also increased * A university diploma is becoming more and more necessary in order to obtain a decent job as higher education is now “common”
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North Korea has a lasting tradition of being a seclusive country and will potentially continue to be one for many years to come. Though many aspects of this nation are shrouded in mystery‚ there are some that the general public are aware of. Information smuggled out by brave civilians‚ and in rare cases‚ officials themselves‚ have reached mainstream media. Thanks to these efforts‚ important questions can be answered. Why did Korea split into the North and South? What is life in North Korea like?
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Plastic Surgery Boom in South Korea As medical technology developed‚ people had more chances to change their appearances. Plastic surgery is one of the breakthroughs in medical technology. It is divided into two fields – reconstructive surgery for functional reasons and cosmetic surgery for aesthetic reasons. The term ‘plastic’ was derived from the Greek word‚ plastikos‚ which means to mold or form. The history of plastic surgery is much older than assumed. Plastic surgery began in ancient India;
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L3.Strategic Analysis - External Introduction/Recap Strategic Analysis External Analysis PESTEL analysis Industry & Competitive Analysis. Strategic Analysis: Factors Shaping the Choice of Company Strategy Social‚ political‚ regulatory and community factors Competitive conditions and industry attractiveness Company opportunities and threats to company’s well-being External Factors Company’s Strategic Situation Determine relevance of internal and external factors Identify and evaluate
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Travel and Leisure Market in South Korea 2014-2018 World travel and tourism continues to expand‚ and South Korea is no exception‚ being one of the fastest growing travel destinations in the world. In 2013‚ the number of international visitors to South Korea grew by more than that of the world and regional average. The ways of traveling have changed over the past few years‚ especially with the advent of social media. Today’s customer has more choices than ever before. A vast amount of information
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his creative product innovations.” (Gupta and Prinzinger 2013). This paper will analyse the external environment‚ using the PESTEL model. The external environment incorporates all the factors that a company has no influence over and is only able to adapt to these changes; studying and adapting to these factors are essential for a business to survive. 2. The PESTEL analysis includes 6 sections: a. Political: Being a multi-national‚ Apple is strongly affected by political factors. Political factors
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Lastly‚ the PESTEL is a tool analysis that helps a business forecast the trend and analyze overall image of the company in the future. It based on external factors as political‚ economic‚ social‚ technology‚ environmental and legal. If a hostel never knows how this tool works‚ the hostel could face up with economic effects‚ political instabilities or any external risks which change through time. It means the business will not recognize the change of external factors; it is a kind of risk as well
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PESTEL analysis for THAI airways Political Political factors are how and to what degree does THAI airways intervenes in the economy. Specifically‚ political factors include areas such as tax policy‚ labour law‚ environmental law‚ trade restrictions‚ tariffs‚ and political stability by THAI airways Recently THAI airways stated that the growing economy will boost travel and passengers if Thailand has no political problems. Economic Economic factors include economic growth‚ interest rates‚ exchange
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Political Factors Political factors has to do with politics of the day prevailing in country. It is generally assumed that if political temperatures are down; businesses tend to flourish and the vice versa is also correct. In this particular case‚ it can be said that it is neutral and thus not expected to cause much rubble in the new companies operations. However‚ future political challenges cannot be ruled out. Nike being number one sportswear in the USA‚ its profits‚ turnovers‚ marketing sponsor
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