PESTEL analysis Motivation of method It is of great importance to make an analysis of the environment in which an organisation operates in order to develop and implement a suitable‚ successful strategy for the company. According to Johnson‚ Scholes and Whittington (2008) the business environment of a company is an important issue determining its survival and success. There are several layers of this business environment – the macro environment‚ the industry or sector layer‚ the layer with competitors
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2. External analysis According to Marcus & Van Dam influence external factors an organization‚ whether an organization can only limited influence external factors. Therefore is important to analysis the external factors of a company‚ as they have to be informed about the macro environment in which they cooperate. The macro environment includes the external factors environmental‚ technological‚ economical‚ social‚ political‚ cultural‚ demographical‚ regulatory‚ general competitive and legal
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COVER PAGE MARKETING PLAN FOR WOOLWORTH FOR ONE YEAR PERIOD NAME | STUDENT NUMBER | ESAN BABATUNDE VICTOR | 21347348 | AFOLABI JOHN OLUWASEUN | 21336715 | ZAKHELE DERRICK NDHLOVU | 21130575 | MAJOR LINDA MDAKANE | 20503699 |
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Pestel analysis Political factors: * With the joining of the European Union – sponsorship for higher education related programs * Increase in demand for higher education – the number of students‚ around the world‚ grew by 300% and the number of universities have tripled in the last 30 years‚ therefore the demand for student accommodation has also increased * A university diploma is becoming more and more necessary in order to obtain a decent job as higher education is now “common”
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L3.Strategic Analysis - External Introduction/Recap Strategic Analysis External Analysis PESTEL analysis Industry & Competitive Analysis. Strategic Analysis: Factors Shaping the Choice of Company Strategy Social‚ political‚ regulatory and community factors Competitive conditions and industry attractiveness Company opportunities and threats to company’s well-being External Factors Company’s Strategic Situation Determine relevance of internal and external factors Identify and evaluate
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Woolworths Case Analysis Wandeli Loubser 15301648 BACKGROUND OF WOOLWORTHS Woolworths began life in what had been the dining room of the old Royal Hotel in Cape Town on a sunny October morning in 1931 as a clothing store and was founded by Max Sonnenberg. In 1934 Woolworths opened a second branch in Durban‚ followed in 1935 by branches in Port Elizabeth and Johannesburg. Shareholders who bought Woolworths stock in 1936 at 75c a share would have seen that stock grow to many‚ many times its original
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Lastly‚ the PESTEL is a tool analysis that helps a business forecast the trend and analyze overall image of the company in the future. It based on external factors as political‚ economic‚ social‚ technology‚ environmental and legal. If a hostel never knows how this tool works‚ the hostel could face up with economic effects‚ political instabilities or any external risks which change through time. It means the business will not recognize the change of external factors; it is a kind of risk as well
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his creative product innovations.” (Gupta and Prinzinger 2013). This paper will analyse the external environment‚ using the PESTEL model. The external environment incorporates all the factors that a company has no influence over and is only able to adapt to these changes; studying and adapting to these factors are essential for a business to survive. 2. The PESTEL analysis includes 6 sections: a. Political: Being a multi-national‚ Apple is strongly affected by political factors. Political factors
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PESTEL analysis for THAI airways Political Political factors are how and to what degree does THAI airways intervenes in the economy. Specifically‚ political factors include areas such as tax policy‚ labour law‚ environmental law‚ trade restrictions‚ tariffs‚ and political stability by THAI airways Recently THAI airways stated that the growing economy will boost travel and passengers if Thailand has no political problems. Economic Economic factors include economic growth‚ interest rates‚ exchange
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my own‚ such as browsing the internet for secondary data such as articles about fruit and vegetable consumption and levels of health awareness. I would also gather exploratory research by visiting the fruit and vegetable section of a few of the Woolworths branches to notice what fruit and vegetables were the most empty‚ and therefore had been purchased the most. While I was in the store I would also conduct some primary research by method of observation‚ whereby I would observe consumers reactions
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