PEST Analysis Understanding "Big Picture" Forces of Change (Also known as PESTLE‚ PESTEL‚ PESTLIED‚ STEEPLE and SLEPT Analysis) PEST Analysis is a simple‚ useful and widely-used tool that helps you understand the "big picture" of your Political‚ Economic‚ Socio-Cultural and Technological environment. As such‚ it is used by business leaders worldwide to build their vision of the future. It is important for these reasons: • First‚ by making effective use of PEST Analysis‚ you ensure that what
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PEST Analysis A scan of the external macro-environment in which the firm operates can be expressed in terms of the following factors: * Political * Economic * Social * Technological The acronym PEST (or sometimes rearranged as "STEP") is used to describe a framework for the analysis of these macroenvironmental factors. A PEST analysis fits into an overall environmental scan as shown in the following diagram: Environmental Scan | / | \ | External Analysis | Internal
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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 supplies‚ government regulation
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K+12 Educations PEST Analysis Political Government Fund for education will increase due to professional fee of the additional teacher and classroom needed. Higher probability that educational funds‚ coming from LGU’s‚ Adopt-A-School Program and TEN Moves fund will be corrupted by the government officials. Government need to have a quick responds to the needs for educational resources. Has a political advantage to politician image by building educational infrastructure under their name. A probability
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Answers: 1. AFOLs are the adults‚ who love Legos. Considerable amount of Lego Company’s sale (at least $50 million) comes from AFOLs. Similarly‚ they don’t get bored with Legos as they grow up which most often happens with children. Thus they are profitable consumers and important. Different age groups tend use internet in different scales. Young people use internet far more than older adults do. So generally‚ businesses that are focused on young people have high online presence than the business
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Group 2 LEGO 1. Case Issue The question that LEGO faces is how to make products that interest all age groups. Development of a lifetime product is now becoming more of a challenge as generations increasingly flock to social media and digital entertainment‚ giving up many forms of traditional physical entertainment. 2. Swot Strengths Weaknesses Strong brand image cross the world. Strong product portfolio. Strong mind brand recall. Have a lot of licensing agreement. Product has real
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When thinking of “The Lego Movie” it’s easy to dismiss it as another movie made to entertain the minds of 4 to 11 year olds. A movie created just for parents to get one solid hour of peace from their kids but it’s surprisingly the opposite. The movie surprises its viewers with cleverly written jokes‚ action packed scenes‚ and heartwarming characters. This Warner Brothers production grabs the attention of its viewer and keeps them entertained all the way to the end. Directed by Phil Lord and Christopher
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PEST analysis on Harrow College. Political Harrow College is working as independently college. If the government takes action there will be a risk of Harrow College fail to deliver the policy or they may be diverted away from local priorities. The government legislation may force Harrow College to be self managing and self financing. Economic The government may influence the financing decision from Harrow College by cutting the budget from schools. The location of Harrow College may influence
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around 275 million passengers a year. It is the UK’s largest bus operator and also runs a rail freight business. In the US‚ it operates school transport for nearly four million students a day. The company is seeking to extend it operation in UK in the coming few years. There are challenges faced by the company in UK which need to be addressed. A key government policy affecting all transport services in UK relates to the reduction of CO2 emissions. The UK government has signed an international treaty
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1984/LEGO Movie Analysis Themes are the fundamental and often universal ideas explored in literary work. It has been discovered that there is indeed a common theme surrounding both George Orwell’s novel 1984 and the LEGO movie. These pieces of literature serve to warn its readers/audience of the dangers of totalitarianism. Both the movie and the novel portray a “perfect” totalitarian society‚ where the government has complete and total power and control. When one looks beneath the surface of these
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