PEST analysis PEST analysis stands for "Political‚ Economic‚ Social‚ and Technological analysis" and describes a framework of macroenvironmental factors used in the environmental scanning component of strategic management. It is a part of the external analysis when conducting a strategic analysis or doing market research and gives a certain overview of the different macroenvironmental factors that the company has to take into consideration. It is a useful strategic tool for understanding market
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Marketing Campaign Noelle Androuin Fashion Industry Profile The Apparel Industry consists of companies that design and sell clothing‚ footwear and accessories. Product categories include everything from basics‚ such as underwear‚ to luxury items‚ for example‚ cashmere sweaters and alligator-skin handbags. Traditionally‚ Apparel companies are wholesalers‚ selling large quantities of goods to retailers‚ which markup items and sell them to consumers for a profit. However‚ it’s become more difficult
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Industry analysis: According to report of Key Note about house building industry in 2012‚ the market has been affected by the crisis of economic in over the world and the national financial difficulties in recent years. The demand for new building new house significantly still require in high lever‚ however there are some barriers such as affordability and mortgage to obstruct the recovery of housebuilding market. Output value of UK housebuilding in 2012 reached £35.02bn and representing increase
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What is PESTLE Analysis? Originally known as PEST Analysis‚ this is a macro environmental framework used to understand the impact of the external factors on the organization and is used as strategic analytical technique. PEST stands for "Political‚ Economic‚ Social‚ and Technological” factors. Francis Aguilar is referred to as the originator of this tool. He talked about ETPS – Economic‚ Technological‚ Political‚ and Social– as the four important factors for Scanning the Business Environment
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PEST Analysis for Newspaper Industry Using the PEST analysis to assess the macro environment of the newspaper industryshows that the technology and recession are two of the major factors that have beenaffecting the newspaper industry as well as the socio cultural side. Technology The Internet‚ a powerful and advance technology‚ has changed the model of masscommunication. The Internet has had a major impact on the external environment of thenewspaper industry and has been gradually substituting
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factors butalso forecast change‚ so that it can take advantage of changewithin the environments in which it operates.PEST analysis is used to identify the external forces affectingan organisation .This is a simple analysis of an organisation’sPolitical‚ Economical‚ Social and Technological environment.A PEST analysis incorporating legal and environmentalfactors is called a PESTLE analysis. 3. P for POLITICAL FACTORS E for ECONOMIC FACTORS S for SOCIAL FACTORS T for TECHNOLOGICAL FACTORS 4. Legislation
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media spreads the ideas‚ especially the one that the most important thing in life is appearances; they make us rely too much on fashion and the way we look. The best way to make people spend the money is to advertise the products they are to buy. Advertisements influence the people creating opinions and stereotypes‚ especially among the youth. And advertising in fashion industry today is very wide spread and using many strategies to make products sell‚ that range from using celebrities to World Wide Web
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Industrial Ecology Practices in the Fashion Industry Introduction The industrial revolution in the 1800s brought a paradigm shift to the way humans interacted with the environment. The increased capability of producing and manufacturing on a large scale‚ the rise of multiple industries‚ growing demand and proliferation of hedonistic consumption patterns‚ has created a culture of surplus‚ want and waste. (Falasca-Zamponi‚ 2012) From an environmental point of view‚ this resource hungry trend is
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PEST Analysis We are going to produce a PEST analysis to find out what external influences may be affecting the product (Milo) and to what extent to which customers decide to buy them. The purpose of the PEST analysis is to analyse the organization (Nestle Milo) operates and to identify how it may influence marketing decisions. A PEST analysis analyses the external environment in which an organization operates and identifies how it should influence marketing decisions. Political Factors The actions
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PEST Analysis about the American Manufacturing Industry In the article Can the Future Be Built in America‚ the author Pete Engardio describes the crucial issue of the manufacturing industry exodus from the United States and how smarter tax policies‚ low-cost loans‚ and industrial zones may help keep factories at home. For over a half century‚ American manufacturing has dominated the globe. It helped rebuild Europe and Japan and it stimulated the economic growth in China because of outsourcing
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