Pest Analysis Definition
Pest analysis: The following pest analysis has been created for three markets separately. Pest analysis stands for political, economic, socio-cultural and technological environment. Use of the pest analysis guides our company to work according to the changes taking place in these categories. Moreover good use of the analysis assist the company to avoid taking action that is condemned to failure from the outset, for reason beyond its control. The following is a pest analysis created for the market occupying Dublin and London. Socio-cultural: There is vast cultural difference in regard to locals in these countries.
Both the countries’ population consists of various other nationalities. Dublin and London has tolerance of other religions and culture. Population density: London (12,450/ sq (4807/km), Dublin 408. 18/km (1,057/sq Political: Legal and regulatory bodies: Both the countries share strict aviation based regulation and laws. Regulatory body for London: CA (civil aviation authority) Regulatory body for Dublin: DACCA (Dublin Civil aviation Authority) There is no such political conflict in this market, which makes business between these two countries quite versatile.
Market: Dublin and London Economical: London: Gross Domestic Product (GAP) increased 0. 8 per cent Dublin: finance official predicts the AJAX economy will top IIS$272 billion (S$361 billion)-
Need essay sample on "Pest Analysis Definition"? We will write a custom essay sample specifically for you for only $ 13.90/page
London has various nannies advising on the use of new technologies to other companies. Airlines based in Dublin use advanced technology to operate their businesses in London and Hong Kong. Pest analysis occupying the market in Dublin and Hong Kong: Hong Kong: the culture is a mix of the Chinese roots with influences from its time as a British colony. Dublin: Dublin is a highly cosmopolitan society with a diverse and Pest Analysis By Lamarckian vibrant culture. Honk Kong Population density 16,576/sq mi. Dublin 408. 18/km (1 ,057/sq Dublin and Hong Kong has an established business link, which is an advantage to the aviation industry.
Tuba’s aviation regulatory body: DACCA (Dublin Civil aviation Authority), Hong Kong: Civil Aviation Administration of China. Government of Hong Kong: Non-sovereign partial democracy with unelected executive. Hong Kong continues to follow the English Common Law tradition established under British rule. Dublin and Hong Kong has no existing political conflicts. Market: Dublin and Hong Kong Hong Kong: an important centre for international finance and trade. Hong Kong dollar: 2. 4% (daily share) Hong Kong GAP growth rate: economy is expected to grow 5 percent in 2010, may hiring 2 percent this year.
Unemployment: 4. 3% Lully 2010). Main exports partners: China, US and Japan. Tuba’s industry growth has given way for technological advancement. The Innovation and Technology Commission (TIC) in Hong Kong supports applied research and development (R&D) and technology transfer and application. Hong Kong has seen a rise in technological advancement which has contributed to economic and social development. Pest analysis for market occupying in London and Hong Kong: British colony. In terms of population, London is the 25th largest city.
London is also mom to sizeable Muslim, Hindu, Sikh, and Jewish communities. Social trend (London and Hong Kong): career oriented, working class, low level of death rate. The Innovation and Technology Commission (TIC) in Hong Kong supports applied research and development (R&D) and technology transfer and application. Hong Kong has seen a rise in technological advancement which has contributed to economic and social development. London has a vibrant and growing IT sector. The region boasts over 350 companies with approximately 8000 employees. The Hong Kong Stock Exchange is the 6 n largest in the world.