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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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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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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EXPLAIN THE PURPOSE AND BENEFITS OF PEST ANALYSIS. PEST analysis is used to evaluate the political‚ economic‚ social and technological influences that organizations might face when they are about to start a project. It provides external factors that organizations should take into consideration before they start the projects. In this case study‚ the UNISION used PEST analysis to investigate the external environment surrounding migrant workers; it helps UNISON to identify and understand the reasons
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PESTE Analysis PEST analysis (Political‚ Economic‚ Social and Technological analysis) describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. Insurance is one of the service factor that are expected to continue to drive growth in the economy. Thus the insurance sector play important role in supporting economic ‚social and technology development. Economical factor Interest rate at bank very much affect to insurance industry‚ because
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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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TABLE OF CONTENTS INTRODUCTION 3 KEY CHARACTERISTICS OF SUGAR INDUSTRY 3 KEY SUCCESS FACTORS (KEY PERFORMANCE INDICATORS) 4 PEST ANALYSIS OF SUGAR INDUSTRY IN INDIA 4 PORTERS FIVE FORCE ANALYSIS 8 FACTORS LEADING TO INCREASE IN DEMAND OF SUGAR IN INDIA 12 GLOBAL SUGAR OVERVIEW 12 BY-PRODUCTS 13 FACTORS LEADING TO INDUSTRY ATTRACTIVENESS 14 BIBLIOGRAPHY 15 SUGAR INDUSTRY OF INDIA Introduction Sugar is extracted from two raw materials beet root and sugarcane ‚ both produce identical
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MGT200-1/BY01 1.) Develop a comparative PEST Matrix for the Philippines with another country (the US‚ any one of the BRIC economies or a SE Asian country). 2.) All information should be attributed properly to their source. Political Factor Government PHILIPPINES Unitary presidential constitutional republic Head of the state/chief executive is President elected by the citizen for a single six year term. Cabinet is appointed by the president. Oil Industry commission (Govern by RA 6173); Foreign
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Research Proposal Research Question: In order to make maximum revenues profitably‚ is it better for Teritree to expand into the US market or to continue growing in India? Rationale: Teritree is currently focused on marketing its CEMANTIKA product to small‚ medium and large enterprises in India. They are facing significant pricing pressure because the Indian market is very price sensitive. Their sales cycles are long as customers require long trial periods. This is making it difficult to grow their
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Introduction Tea is the second most popular drink in the world‚ after water. For a number of developing countries it is also an important commodity in terms of jobs and export earnings. Tea production is labour intensive and the industry provides jobs in remote rural areas. Millions of livelihoods around the world depend on the production of tea. For a number of tea exporting countries‚ including world champion exporters Kenya and Sri Lanka‚ tea is a critical source of foreign income. However‚ as
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