Our group has conducted research on future demographic trends and predictions focusing on Singapore in year 2020. We have made used of the PESTEL analysis to carry out this research. PESTEL analysis which stands for Political‚ Economic‚ Sociological‚ Technological‚ Environmental and Legal is one of the important frameworks that can be used for macro-environmental scanning to understand situation as a whole. (Marketing Minefield 2012) In year 2020‚ Singapore’s political issue will be more opposition
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Pestel analysis for Wonga … POLITICAL Conservative ministers agreed to hold meetings with the controversial payday loans company Wonga in exchange for payments to the party. Wonga was censured for employing “aggressive and misleading” debt collection practices by the Office of Fair Trading earlier this year. http://www.telegraph.co.uk/finance/personalfinance/borrowing/loans/9613729/Loan-firms-wonga-buys-the-ears-of-ministers.html ECONMIC Ed Miliband attacked Britain’s “Wonga economy” on Tuesday
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McDonald’s Pestel analysis Political- * There is currently legislation being brought in to prevent fast food companies from advertising at certain times of the day‚ this is due to the large number of obese children currently in our country. It will see a large change in how the companies can advertise as they feel many kids are being targeted from a young age by fast food companies. * All products need to have full nutritional value on them so consumers can be made aware of the health risks
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Answer 1: Porter’s five forces analysis suggest that the market in which Dunkin Donuts and Starbucks operate is competitive. According to his force Industry competition‚ the rivalry in between the coffee stores is fierce. Where Starbucks open stores across the street from the other coffee shops‚ McDonalds have started giving coffee for a dollar‚ any size. Other local coffee shops are also there which provide a variety of coffee and people are getting used to it. So the competition is not only amongst
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PESTEL ANALYSIS Political China is moving towards a fully established market economy. The agreement between China and the ten-country Association of South-East Asian Nations (ASEAN) covers nearly 1.9 billion people. Besides that‚ China acceded to the World Trade Organization (WTO) on 11 December 2001. Its much-scrutinized accession agreement not only covers the agricultural and the industrial sector but also the services sector. This clear commitment towards participation in the global economy
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1) The acquisition of Pixar would be beneficial to Disney due to how both companies’ businesses are related. This related acquisition would lead to the formation of more synergies and hence create value through the integration of their resources and capabilities. By acquiring some of Pixar’s core competencies and strengths‚ Disney may realise a new growth potential while reinforcing its strategic competitiveness. Firstly‚ the acquisition would cause Disney’s market power to rise due to the increase
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PESTEL Analysis Understanding the general environment of a certain business requires knowledge regarding the key factors and trends in broader society. PESTEL Analysis gives a business the ability to break down the general environment into six different categories: Political‚ Economic‚ Social‚ Technological‚ Environmental‚ and Legal. By analyzing and studying each area‚ a company can create a strategy that most benefits them. Sears and K-Mart are two retail businesses that can gain from understanding
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park in the world. When it comes to theme parks‚ Disney will be the first thing that comes to everyone’s mind. Because of the great success of Disney‚ researchers want to look into the reasons why it is so important and so attractive to the entertainment industry. For example‚ Disney’s Asian theme parks usually would apply local customs and festivals into their programs. And by doing so‚ it draws more local tourists to attend the events. Disney always pays attention to these cultural factors and
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Chapter 7 Money is anything which people are willing to accept in exchange for goods and services. Barter involved exchanging or swapping goods or services which people already have for something else they need. For example a pig in exchange for a pair of shoes. This system was very complicated. Not only did you need to find someone who had what you needed‚ but he/she had to be willing to accept whatever you had to offer. To overcome this problem money was introduced. For example how many
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Bali‚ Kalimantan (formerly Borneo)‚ Sulawesi (formerly Celebes)‚ the Maluku Islands (or better known as Moluccas‚ the original Spice Islands) and Papua. PESTEL Analysis Political Analysis: Political Background: In 1602 the Dutch established the Dutch East India Company (VOC) and became the dominant European power. Following bankruptcy‚ the VOC was formally dissolved in 1800‚ and the government of
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