STEEPLE Analysis Paper

It has been observed that numerous economies and businesses have shifted imperatively and have transformed themselves into this contemporary era. There are certain micro as well as macro factors that influence these economies in both optimistic and undesirable ways and for this purpose, macro factors affecting the economy of the UK with the use of STEEPLE analysis are demonstrated. It can be said that the UK was recognised as one of the strongest as well as largest economies within the European Union in almost every aspect. These shifts and changes within the environment can be identified with a clear understanding of a female role within the market has augmented and presently, they play an important role in the development of new goods and
Since years, the UK has industrialised into a multiracial, multicultural as well as a worldly state with a huge population of white and other smaller group of individuals from different countries (Saaty & Vargas, 2013). The way of life is among the most noteworthy all around and the arrangement of social welfare is one of the best on the globe. There are numerous cultures within the UK, thus, organisations also create different types of clothing products due to massive culture diversification. On the other hand, according to Gupta (2013), female activities have significantly altered and currently, more than fourteen million women are employed which is record-breaking. In the UK, the trends in businesses of food items are also changed due to the diversification of the culture. Social media and social networking websites such as Facebook has made easier specifically for women to shop online and sell their homemade items such as convenience meals and prepared food products. Businesses have also emphasised in manufacturing the household products to which they sell over the social media targeting women at home
Progressively, world frontrunners are observing environment modification and sustainable growth as worldwide matters that necessitate concentrated universal determinations as well as the UK has a key part to play in convincing other nations to pledge to this cause. It has been observed that the economy of the UK, as well as the businesses, rest on international trade and resources. Nonetheless, aspects such as environment variation and an increasing population of the globe demonstrate that there is an additional burden on energy, natural resources as well as the broader environment (Gupta, 2013). Businesses should make sure they utilise tools to help decrease the ecological influences of their procedures and supply chains, comprising ecological administration structures as well as tools to report greenhouse gas productions. On the other hand, products must be manufactured by considering the environmental factors and thus, they must be eco-friendly. It is also observed that ‘Eco-innovations’ are novel or enhanced innovations, goods or services which lessen the effect on the surroundings along with the usage of natural resources. Thus, the products such as food items should be manufactured as per the environment of the country. Similarly, the production units should likewise protect energy and fuels in order to