PESTLE A PESTLE analysis is a framework used to evaluate an organisations external macro-environment. 1When used‚ a business will analyse the multiple factors that are out of their control. By doing this a business can be aware and prepared for future changes. Political factors take into account the political situation of a country. Regulations put in place by governments will determine how a business has to operate‚ so a business will have to consider trade and labour laws‚ tax policies‚ environmental
Premium Management Strategic management PEST analysis
PESTLE Analysis Political Political stability – knowing where you stand as a business with regard to what the government aim to do. This will give you more certainty. A change in government could create uncertainty. The Coalition government are trying to encourage and support small businesses as they see this as a key way to boost the economy Economical Changes in the level of consumer spending. If recession‚ consumers will generally spend less therefore parents might choose not to send the children
Premium Money Business Sport
a land of festivals. People of different communities belonging to different religions live here. As a result‚ some kind of festival or the other is seen being celebrated with joy and fun on almost all days of the year. These festivals make life colourful and charming as they take people away from the dull routine of life. Since they infuse life with fun and frolics‚ they are celebrated with zeal and jubilation. The festivals commemorated in India are of various kinds. Some festivals are religious;
Premium India Festival Sikhism
The Baisakhi festival is a seasonal festival. It is celebrated all over the Punjab and Haryana by all classes of people. Hindus‚ Muslims and Sikhs all take part in this celebration. It falls in he first day of baisakh. It falls every year in the 13th of April. On this day people put on new clothes. They prepare Halawa and several tasty things at home. Baisakhi Fair A fair is held everywhere in connection with the Baisakhi festival. The site of the fair is a place which is religiously famous. Generally
Premium Punjab Sikhism Sikh
INTRODUCTION (Shirley Daniels) says that the management of customer value is an advanced version of the measurement of customer satisfaction (2000). However‚ Godiva takes some simple steps to create customer value. PERCEIVED BENEFITS Product Benefits (Day 1990; Peter & Olson 1990) “From the consumer’s point of view‚ the products are seen as a range of benefits‚ not traits. However‚ Godiva have managed to gain great success by refreshing it’s brand and introducing new range every now and
Premium Brand Marketing Chocolate
Chmielaki is one of the most famous festivals of beer in Poland. Chmielaki takes place every year in Krasnystaw‚ a small picturesque town fifty kilometres south-east from Lublin. The event is held at the end of August and continued for three days. Exhibitors of beer compete for the prize of Grand Prix of Chmielaki. The concomitant circumstances are concerts‚ bungee‚ tents with gifts and snacks and of course with beer. Last two years‚ I went to see what the excitement was all about. When I arrived
Premium Rock music Poland The Band
PESTLE analysis is a process to help understand the overall market environment such as market risks‚ market growth or decline for a particular industry‚ business‚ product‚ or project. It is often a key part of strategic‚ marketing‚ and business planning. The political factors refer to the degree of intervention of government in the economy. For an example‚ if the government taxes increase‚ it will cause the selling price of Nestle increase‚ and therefore the number of customers and the sales of
Premium Marketing Economics
PESTLE ANALYSIS What is PESTLE analysis? PESTLE stands for - Political‚ Economic‚ Sociological‚ Technological‚ Legal‚ Environmental. The term PESTLE has been used regularly in the last 10 years and its true history is difficult to establish. Various other similar acronyms have been used including ETPS‚ STEP‚ PEST‚ and STEEPLE. The term PESTLE is particularly popular on HR and introductory marketing courses in the UK. PESTLE analysis is in effect an audit of an organisation’s environmental influences
Premium Strategic management
PESTLE ANALYSIS A PESTLE Analysis is one of the most important frameworks of macro-environmental scanning‚ framework which comprises the most important factors used in environmental scanning‚ as part of advanced strategic management. Throughout the last few years‚ the acronym PESTLE has suffered a number of changes‚ but PESTLE seems to be the most commonly spread and almost unanimously accepted “concept”. PESTLE stands for “Political‚ Economic‚ Sociological‚ Technological‚ Legal and Environmental”
Premium Strategic management SWOT analysis Economics
SWOT & PESTLE Analysis SWOT and Pestle analysis is a strategic analysis tool that feeds important information into the business strategy formulation process. SWOT stands for Strengths‚ Weaknesses‚ Opportunities and Threats. SWOT is used to determine the current position of an organization. The first two components pertain to internal factors and the latter two concern external issues. Pestle (or PEST) is an acronym for Political‚ Economic‚ Social‚ Technical‚ Legal and Environmental analysis. Pestle
Premium Strategic management Management SWOT analysis