external environment (part 1) What’s going on out there now and in the future? Environmental influences in the broadest sense Macro/general environment: PESTEL Environmental influences related to the dynamics of the industry under question Competitive environment: Porter’s Five Forces (Porter‚ 1980) Example PESTEL The automobile industry Political – Climate change agenda – Fuel prices – Expansion of EU Economic – – – – Changes in disposable income Exchange rates Taxation
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The year 2012 witnessed a sharp slow down in the economic growth. This was mainly blamed on the debt crisis that the European countries had. At the beginning of the year 2012‚ the world was expecting the debts to continue spreading across the European countries (Grossman & Helpman. 2002). However‚ it is believed that the European debt can only be resolved completely if the sovereigns agree politically. Some countries have already shown their commitments in resolving the crisis. A good example is
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The PESTEL framework provides a comprehensive list of influences on the possible success or failure or failure of particular strategies (Johnson‚ Scholes and Whittington 2008). The political environment (Refer Section 1 in Appendix 01) does not favour Fonterra’s operating environment with heavy control over milk powder pricing. Political figureheads at times lead the public to perceive that multinational dairies are working towards destroying the local dairy industry. With the ending of a 26-year
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A. Using the PESTEL framework‚ identify which of the factors are impacting the tourism industry in your country. B. Indicate also which of the factors that you have identified are most important and why. A. The PESTEL framework is designed to provide managers with an analytical tool to identify different macro-environmental factors that may affect business strategies and to assess how different environmental factors may influence business performance now and in the future. It includes
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Advertising Cosmetics in The Modern World While working at John Bull during the Christmas break I learned a lot about what women bought. Surprisingly‚ it was never the fancy bags or watches nor the extravagant perfumes but the makeup items were very popular. I guessed that there must have been a correlation between the many cosmetic company’s ads that were displayed on the walls outside the building and the sale of the products. The ads made various women feel as if these products
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Singapore could be an alternative for your vacation due to many fun tourist attractions in this country. Singapore has been recorded among foreign tourists as an attractive tourist destination. Singapore has a well-developed tourism industry‚ as a cosmopolitan city that highlight racial and cultural harmony. Cultural differences reflect a rich colonial history and the ethnic Malays‚ Chinese‚ Arab and India. For years considered a business center in Southeast Asia‚ Singapore has a thriving shopping
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The PESTEL framework is designed to provide managers with an analytical tool to identify different macro-environmental factors that may affect business strategies‚ and to assess how different environmental factors may influence business performance now and in the future. The PESTEL Framework includes six types of important environmental influences: political‚ economic‚ social‚ technological‚ environmental and legal. These factors should not be seen as independent factors. Factors such as
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(Seminar Case Study‚ 2013). The first question is as follows; ’With reference to the Airline Industry and Ryanair cases analyse the competitive environment of the European airline industry in which Ryanair operates’. Introduction European Airline Industry is controlled by the Association of European Airlines which operates together with 31 most popular airlines and has been supporting the industry over 50 years. In order to sustain constant growth AEA works in partnership with the EU Union (AEA
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Introduction of the Company Revlon Inc. is a leading cosmetics company offering cosmetic‚ skin care‚ fragrance‚ and personal-care products. Revlon was formed in 1932‚ and started out with selling only nail enamels. Over the course of the past 75 years‚ Revlon has become a leading brand in the cosmetic market‚ recognized both in the United States and worldwide. Revlon owns popular brands such as Revlon‚ Charle‚ Mitchum‚ and Almay. Revlon has recently been struggling with debt‚ posting losses
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Executive Summery Radiant Cosmetics‚ founded in the 1930s‚ had been one of the top five cosmetic companies in the U.S. for more than 60 Radiant’s product lines cover hair care‚ skin care‚ makeup‚ and perfume. Cosmetic is a highly competitive industry because of its huge market and lucrative profit. The number of cosmetics consumers have been increasing and is estimated to hit 161 billion in the U.S. by The same phenomenon happens global wildly. With the increasing income‚ more women get extra
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