The political risk environment is predominantly favorable for international expansion. Singapore has low political risk and was ranked as having the lowest political risk in the continent by the Political and Economic Risk Consultancy. Singapore is quite politically stable with a solid government and positive relations with neighboring countries. The political environment of Singapore is very stable. Singapore’s government is a parliamentary republic and The People’s Action Party (PAP) has ruled
Macau), Singapore, Thailand, Malaysia, the Philippines, Korea, Indonesia, Turkey and Ukraine. 1.1 Overview of Study Watsons Singapore has currently over 100 stores located islandwide and 36 pharmacies within its key stores (Watsons, 1988). Watsons was listed Asia’s no. 1 pharmacy/drugstore brand (Watsons, 2009) and first to be honoured the Singapore Service Class Certification by SPRING Singapore (Watsons, 2011). 2. PESTEL Analysis A tool used by companies to analyse the external environment of the
“sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (para. 1). This notion was created in 1992 by Bruntland Report for the World Commission on Environment and Development. There is no universal definition on what sustainable development implies, however, there are a wide range of views on what it is and how it can be accomplished. According to Mason (2016), “sustainability is the study of how natural
FERRERO ROCHER PESTL Analysis Marketing environment is in relation to the marketing organization, its internal environment, microenvironment, and macro-environment. In the macro- environment, we identified several forces at play – political, economic, sociocultural, technological and legal (commonly referred to as the PESTL model). 1.1 Political Factors Announced by BBC News, Singapore is ranked at the top as the “Easiest Country to Start a Business” and “World’s Top 20 Most Globalized
corporation itself. The very first McDonald was open in Singapore in 1979 and today there are over 120 McDonald restaurants across the island which served 1.2 million customers weekly. McDonald employs around 9,000 employees to keep their restaurant running across the island. (McDonald’s Company Profile, 2012) PEST ANALYSIS Pest analysis is a scan of external marco-environment in which a business operates and can be describe in terms of Political, Economic, Social and Technological. (QuickMBA Strategic
supply, and analysing consumers’ demands. However, there are number of economic factors that hinder this operation. These factors are government regulations, rate of interest, exchange rate, trade cycles, general price level, employment and income, economic growth, and supply and demand. Economics consists of macroeconomics and microeconomics. The former analyses national economy and offers knowledge about the business environment (Samuelson & Nordhaus 2010, p.5). Macroeconomics centres on the overall
Countries. Singapore believes in the importance of ODA and promotes continued support for countries in need. Singapore recognizes how ODA contributed to the early development of Singapore, and is dedicated to giving back. However, Singapore is a small nation with limited resources, and cannot provide the same level of assistance as larger countries. Singapore does not give monetary aid, but has, over the past two decades, provided educational assistance to developing countries through the Singapore Cooperation
Analysis SINGAPORE Area 718.3 sq km Population 5,469,700 GDP( nominal) US$297.941 billion GDP (per capita) US$55,182 One of our major objectives was targeting potential market in Asia and economic analysis has shown us that Singapore is the best country with high-income economy. The pharmaceutical and petroleum refining industry are the fasters developing sectors in the country, what can be bias for NEOB to provide plants and its’ products for medicine and pharmaceutics. Political Environment The
The ECommerce Environment of Singapore Geography The Republic of Singapore is located in southeast Asia, south of Malaysia and northwest of Indonesia. The island measures a total of 637 square kilometers with a coastline 193 kilometers long. Singapore is generally comprised of lowland areas with a central plateau in the middle of the island. Its elevation ranges from the Bukit Timah, (166 m.), to the Singapore Strait which is at sea level. Its climate is tropical and wet. Precipitation
future expansion and the ability to utilize growth opportunities. Also, countries are seeking unique strategies to encourage their economic growth and foster a high level of investments. As newly industrialized regions, Hong Kong and Singapore provide potential markets due to macro-economic strategies that foster a high level of growth of firms. Hong Kong and Singapore have shifted from the traditionally agriculture based economy to more industrialized regions to match those of the western countries