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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PEST POLITICAL ECONOMIC Over the years‚ the Philippines has gone from being one of the richest countries in Asia to being one of the poorest. It has experienced growth and development since World War II. The current administration under President Gloria Macapagal-Arroyo is aiming for a more rapid growth in the coming years. In 2004‚ the Philippine economy grew by 6.1% surprising everyone. In 2005‚ the Philippine peso appreciated by 6%‚ the fastest in the Asian region for that year
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Name: Organisations Management 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
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INTRODUCTION During the1980’s‚ travel agencies had a real success; it represented the good way to have good Holiday without losing time with organisation. The job of these agencies is to offer travels in function of customer needs and requests‚ completely organised (flight‚ hotel…). Since few years‚ the tourism industry is completely changing; new players and way of information appear‚ reducing the place of traditional agencies. Internet is the origin of this mutation‚ developing the concept
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Tutorial 1: Markets and Organizations Q1. Case Study [pic] Managing external influences First Group (First) is the UK’s largest transport operator‚ employing more than 137‚000 people in the UK and the USA. In the UK‚ it runs rail services carrying 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
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2.1.1 POLITICAL The hotel industry had evolved very rapidly since the opening policy in 1978‚ after that the economy has gradually transformed to a market-oriented one. The reform has created a much better business environment for the hotel industry development (Hornsby‚ 1990). According to Kotler (1996)‚ The political environment is strongly affect hospitality industry‚ political environment is made up of laws‚ government agencies and pressure groups influence and limit the activities of various
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could build a sandwich but not a birdhouse. Or a beer-can lamp. Which is exactly what I would be doing in shop class‚ which all boys had to take in ninth grade at my junior high school. Girls took home economics. Boys took shop. Girls learned to cook lasagna and bake chocolate cake. I would be learning to use a lathe. I preferred lasagna. So I did the sensible thing: I signed up for home economics. The school counselor called me into her office to tell me that boys weren’t allowed to take home
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INTRODUCTION This chapter identifies the main external influences on the UK market for private security and fire protection‚ using the four headings of a PEST analysis: political‚ economic‚ social and technological. Where such influences have more than one dimension‚ they are considered under the heading that is considered to be the most relevant. POLITICAL FACTORS The Terrorist Threat Precautions against terrorist attacks have been stepped up since the events of 11th September 2001‚ and
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Issue of Shares at a Premium It is quite common for the shares of financially strong and well-managed companies to be issued at a premium‚ i.e. at an amount more than the nominal or par value of shares. Thus‚ when a share of the nominal value of Rs. 100 is issued at Rs. 105‚ it is said to have been issued at a premium of 5 percent. When the issue of shares is at a premium‚ the amount of share premium may technically be called at any stage of the issue of shares. However‚ premium is generally
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A GLOBAL / COUNTRY STUDY AND REPORT ON “ PESTLE Analysis and Sector ial Study of Russia” Today we are at the door step of 21st century. The world is widening without having a New and new developments are coming these days in all fields all over India to make the people life more comfortable and luxurious. The industries are growing so fast in India in order to satisfy all the needs of people. Similarly Gov. has supported to these companies for their development and progress of private
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