Pest Analysis of Polish Construction Market

Further one this assignment will continue on the infrastructure of the economy which supports construction, this will include told, power tools, transport for materials and any objects used in order to complete a construction project which has to be order, rented or a special efforts made n order to allow for these certain services.

The Polish are a proud people, with a very long history dating back 1000’s of years. This history is plagued with many hardships and turmoil. During World War 2 Poland was invaded by both the Germans and the Russians.Throughout the war, the Germans and Russians killed 6 million Poles in concentration camps and gulags. After the war, the Polish are abandoned by the west and allowed to be controlled by the Soviet Union, where many more will die due to famine, corruption, and forced labor. Poland was able to break free of the communist influence and eventually joined into the EU. Since joining, the Polish economy and institutions have grown at remarkable rates, and today Poland stands as one of the richest, most developed and most democratic nations

As the EU includes 27 states therefore they would inevitably face difficulties due to the diverse range of national interests. On the other hand increasing numbers of policies are decided on a supranational level and therefore speed the process, for example decisions relating to trade or agriculture. However vital policies such as Defence remain intergovernmental, as do decisions such as the accession of new states. The effect of recent economic crisis has made an impact on the creation of EU superstate. The global downturn, which originated in 2007 created the ‘Eurozone’ crisis. As a result EU bailouts have been organized for Greece, Ireland and Portugal. The fear of the crisis extending further across Europe has caused a loss of confidence in the EU, and in particular the euro. There has even been speculation that Greece may have to exit the ‘Eurozone’. Alternatively it has also caused some to call for further integration, arguing the crisis has shown the need for tighter budget rules throughout the EU.

Martinez Construction is a well-established construction company in Eastern Spain. Because of a recent decline in contracts in the Spain society, Martinez Construction Company needed to expand to international market in order to survive (expand and grow). After a survey in the international market, the newly formed Democratic Germany seemed the perfect place. Furthermore, the best solution was to acquire an existing firm with the help of Treuhandanstalt (privatization agency). This was a result of the lack of liquidity of the Martinez Company.

This report provides an analysis and an evaluation of the downturn of the economy and how it impacted the construction industry and manufacturing industry. It will also detail the moment when the economy was rebounding and how we can see an increase in the construction industry and manufacturing industry at this time. Methods of analysis include graphs showing construction plan reviews detailing years 2000-2015 as well as graphs detailing the rise and decline of jobs available in the construction industry. The report finds that the construction industry was directly affected by the recession and did indeed decline at a significant

When the Eurozone was founded on January 1, 1999, it was with the intention of further integrating and strengthening the nations of Europe, both economically and politically. Until recently, it was believed that the euro provided a stable currency with low inflation and low interest rates and encouraged sound public finance. That the use of a single currency increases price transparency, eliminates currency exchange costs, oils the wheels of the European economy, facilitates international trade, and gives the European Union a more powerful voice in the world. That the size and strength Eurozone would better protect it from external economic shocks, and provide the EU’s citizens a tangible symbol of their European identity, of which they can be increasingly proud as the euro area expands and multiplies these benefits for its existing and future members (European Commission).

Eurozone and the EU institutions failed to detect that. This undermines the ability of EU institutions to deal effectively with challenges of integration of new members as well as opens the possibility that the EU is not immune to similar occurrences in the future. Finally, since the onset of the European economic crisis, the EU has accessed only one new member in 2013 - Croatia. Thus, the stalling of EU explanation since the octet of the crisis can undoubtedly be attributed at least partially to economic factors. Ultimately, though, the long-term effects of this crisis on EU integration cannot be conclusively established at this point, as the crisis is still ongoing. Therefore, next I look over the conventional wisdom about the factors

The current crisis in the world’s financial system has left the construction industry facing its toughest challenges for a generation. Salaries are falling; job cuts are predicted to reach 400,000 in England alone; and the impacts look set to get much worse before they get better.

When the Eurozone was founded on January 1, 1999, it was with the intention of further integrating and strengthening the nations of Europe, both economically and politically. Until recently, it was believed that the euro provided a stable currency with low inflation and low interest rates and encouraged sound public finance. That the use of a single currency increases price transparency, eliminates currency exchange costs, oils the wheels of the European economy, facilitates international trade, and gives the European Union a more powerful voice in the world. That the size and strength Eurozone would better protect it from external economic shocks, and provide the EU’s citizens a tangible symbol of their European identity, of which they can be increasingly proud as the euro area expands and multiplies these benefits for its existing and future members (European Commission).

The first problem is the uncertainty of the political stability within Poland. In October, there were political events that caused policymaking to stop. The team of political leaders that were engaged during the initial conversations are on their way out of the door

PEST analysis is a process of checking and analyzing information relating to the environment. The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business as a business measurement tool. It involves monitoring the changes

Poland was a communist country, which faced major challenges for its independence and sovereignty. These challenges made the economic condition of the country poor. Communist era ended in 1990 and the rule of democracy began in the country. Since then, it has followed a policy of economic liberalization and today it stands as an example of success story of developing countries. Central intelligence Agency (CIA, 2012) acknowledges the economic success of the country by saying "A 'shock therapy' program during the early 1990s enabled the country to transform its economy into one of the most robust in Central Europe." Moreover, membership of European Union (EU) has also helped the country to improve its economic condition substantially.

In order to maintain an untarnished position in the market, the company should consider the following recommendations that are provided after analyzing the company’s performance and effect of external environment:

Particularly a PEST investigation is a helpful instrument for comprehension dangers connected with business sector (the requirement for an item or administration) development or decrease, and all things considered the position, potential and course for an individual business or association. A PEST investigation is frequently utilized as a bland "introduction" instrument, discovering where an association or item is in the connection of what is going on outside that will sooner or later influence what is going on inside an association. The six components shape a system for looking into a circumstance, and can likewise be utilized to audit a technique or position, bearing of an organization, an advertising suggestion, or thought. (Aberbach, et al, 2001)

In this paper, I will seek to analyze pest analysis for an electronic company. Therefore, I will analyze Samsung Corporation. Samsung Corporation is said to be a global electronic company that is based in South Korea. The company was founded in 1969. Kwon Oh Hyun is the company’s current chief executive officer. It is believed that by the end of 2012 financial year, Samsung had a total of 221,726 employees. Nonetheless, Nokia and Apple corporations remain as Samsung’s two major competitors. Samsung being a Korean based company makes The Republic of South Korea its domestic environment. In Korea, Samsung operates as a family owned company. Most of its total assets are not only owned but also controlled by a Korean family. For this reason, the people of South Korea have embraced the brand as their own.