APA citations to support your statements‚ explain what a PEST table is and why it is important to an organization (1-2 paragraphs). Pest Analysis is a frame work that strategy consultants uses to scan the mirco environment in which the firm operates. (Value Based 2013) PEST is Political‚ Ecomonic‚ Social factor and Techonolgies factors. Companies will use this in workshops and it will make the managmenets brainstorm techniques using PEST for strategic plannings‚ marketing planning or development
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& Structure of Lesson Business Environment • • • • What does the business environment comprise? Use of PEST analysis Influences and drivers for change Glocalization Title of Slides Learning Outcomes At the end of this lesson‚ you should: Understand the nature of the business environment which includes ; • What does the business environment comprise? • Use of PEST analysis • Influences and drivers of change • Glocalization Title of Slides OPENING QUESTION WHERE
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Marketing Chapter Five Case Study 5.2 1. How does Look-Look use technology to gain insights on the teen and young adult markets? Lee and Gordon felt the that younger people themselves were not given a very large part in the to play in the market research process‚ even though they were in the best situation to give complete accurate information about youth trends. So they created an internet communication system and enlisted young people to provide up to date information‚ right from them
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PEST ANALYSIS Political- Hong Kong is politically stable‚ there would rarely be any political factors that will interrupt and slow down the company’s growth. Hong Kong doesn’t have goods and services tax so this allows McDonalds to have lower expenses and they can maximize their profit. The international operations of Mcdonald’s are highly influenced by the individual state policies enforced by each government. Economic- The economic collapse has caused Hong Kong to enter the recession stage in
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PEST ANALYSIS Stationary Businesses do not operate in a vacuum. The stationary business world is dynamic and to achieve competitive edge we should need to understand the dynamics of stationary industry and business . Our Organizations face problems from external factors which can affect products‚ policies‚ people and profits. To understand and evaluate external factors‚ we undertake what is called a PESTEC Analysis. * Political factors that affect businesses include new legislation such as the
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DHL opens new state of art European air hub at Leipzig/Halle Airport in Germany. In this document I will be covering both a PEST and SWOT analysis of DHL as a company. PEST Analysis of DHL‚ the PEST itself looks into the Political‚ Economic‚ Social and Technological Factors of a company and its marketing environment. Focusing on the internal environment‚ micro-environment and the macro-environment. Using a PEST analysis should always be considered when entering a new market‚ Launching a new product
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to invest in developing their farms. | Environmental | * In Lucia‚ they are growing their own cocoa. They are currently restoring the historic Rabot Estate‚ planting new trees and harvesting record quantities of cocoa. * Hotel Chocolat set up a seedlings nursery in Osuben village. The seedlings that they raised were a new‚ hardier variety of hybrid cocoa which would be more resistant to disease | Legal | * The government of St Lucia fully support Hotel Chocolat in their aims and they are
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New Look is a company with over 18‚493 employees worldwide as of 2017 but vacancies can occur. There is a number of reasons why people would leave the company one of which being that they simply get a better job that suits them more. If someone is not happy with their contract hours they could leave to get more hours as New Look only have a certain amount of contracts with higher hours to offer. Students tend to be on 4-hour contracts and at certain times of the year like January can be hard to get
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The Financial Environment- Group Presentation Economical Aspects: * ‘The European Crisis’ influence on demand.’ – Unfortunately the Euro could still collapse despite the bails out that have been taking place recently. Whilst the insurance industry appears to be well prepared if this does happen‚ the potential further consequences of a deeper recession across Europe would more than likely be harmful. It would reduce the demand for insurance products due to the reduction in disposable income and
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A new Look at Electronic Medical Records The case indicated that the electronic medical record (EMR) system opens a new vision for medical field. Hospitals record patients’ treatment information by EMR‚ including: personal information‚ test results‚ doctor’s advices‚ surgical records‚ and nursing records. These records EMR stored play a significant role in medical operation‚ which not only save time‚ but also enhance the record quality. The case also described that the social benefits EMR brought
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