Pest Analysis Political: With the growing demand in the energy drink market and possible side effects due to them because of the high caffeine content‚ the government of India may come up with the regulations that require the product to be tested clinically to prove its benefits and get the local certification too. Social: Burn position itself as a youth brand. With India being the country with youth centric demographic‚ it helps BURN to reap the benefits if it position itself as the right product
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National Maritime Museum PEST Analysis What political factors affect the Museum’s ability to attract visitors? The museum is required to meet government target to attract any groups. Free admissions in museum are funded by central Government. Foreign tourists are worried about health risk such us the recent outbreak of Foot and Mouth disease and because of this they can stop to visit. What economic factors affect the Museum’s ability to generate income and increase the number and profile of visitors
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EXPLAIN THE PURPOSE AND BENEFITS OF PEST ANALYSIS. PEST analysis is used to evaluate the political‚ economic‚ social and technological influences that organizations might face when they are about to start a project. It provides external factors that organizations should take into consideration before they start the projects. In this case study‚ the UNISION used PEST analysis to investigate the external environment surrounding migrant workers; it helps UNISON to identify and understand the reasons
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Using Twitter to Effectively Make a Brand Reach Out to the Millenials Twitter is an online free micro blogging and social networking site founded by Biz Stone and jack Dorsey in 2006. It enables those using it to read and send tweets‚ which are 140-character short bursts of information. Users can also include in the tweets links having other content and broadcast them either publicly or privately. Companies and many business firms are nowadays using it as a way of engagement with customers. It offers
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questions on Twitter. Twitter is simply one of the popular online-places where people can socialize. But what is it that has made this online-place so popular? Why don’t just socialize via phone or e-mail? Twitter was created on the side of the company ODEO. The website was supposed to be a secondary company compared to ODEO‚ but after some time Twitter started to grow and the possibilities within too. Evan Williams – the founder of Twitter and former CEO of Twitter – also says that Twitter take all
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What are you up to? - Twitter‚ of course Twitter is a great social medium. There are more people than you could imagine‚ tweeting at this very moment. It is a phenomenon which by the looks of i will remain popular for decades. In the following article‚ I will emphasize some of the advantages and disadvantages of using it for business‚ political and social purposes. The “hunch” Back to where it all started‚ a CEO of a company called ODEO‚ hired an engineer named Jack. His name was Evan Williams
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PEST POLITICAL ECONOMIC Over the years‚ the Philippines has gone from being one of the richest countries in Asia to being one of the poorest. It has experienced growth and development since World War II. The current administration under President Gloria Macapagal-Arroyo is aiming for a more rapid growth in the coming years. In 2004‚ the Philippine economy grew by 6.1% surprising everyone. In 2005‚ the Philippine peso appreciated by 6%‚ the fastest in the Asian region for that year
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Twitter is an amazing social networking service; it can be used to share news reports‚ weather updates‚ emergency notifications‚ gossip‚ and even everyday thoughts—all within 140 characters or less. The “get to the point” rhetoric that it’s known for can be a nice break from tedious Facebook posts or lengthy articles on news station websites. With all of its attributes‚ it’s not surprising that it could also be a useful platform for many professions. From advertising a business event to promoting
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Name: Organisations Management and People Module code: HR 1004 Id : 105353 Pest analyses‚ also partially known as “STEP”‚ has always been undertaking a vital role to every dynamic of all business organisations. Each and every organisation has to undergo involvement and interference of certain factors relating political‚ environmental‚ social and technological factors (PEST). These factors may contain striving from other companies‚ price variation‚ unreliable raw material
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2.1.1 POLITICAL The hotel industry had evolved very rapidly since the opening policy in 1978‚ after that the economy has gradually transformed to a market-oriented one. The reform has created a much better business environment for the hotel industry development (Hornsby‚ 1990). According to Kotler (1996)‚ The political environment is strongly affect hospitality industry‚ political environment is made up of laws‚ government agencies and pressure groups influence and limit the activities of various
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