A successful business requires certain needs and factor in order for it to succeed. This is the idea of pestle and SWOT analysis. The funeral home in Harlem is resulting in lower sales because the area is changing. So, under the PESTLE, P for political changes the different parties coming into play, so for example under the democratic party they fight for more equality in all area regardless rich or poor so this gives the Harlem area more of a chance to survive and less violence. E for Economical as the area is experiencing gentrification which mean the lower class are moving out and can’t afford the area, and its been proven the lower class has more violence and thus leading to more death and business for the funeral home. S for social is
* The case does not consider Discopress for their economic challenges including; slow growth, mature industry, and low profits. Therefore this proves that it is not an all-round consideration and it does not look at all the aspects of a business. This will save the organization from the agony of all the above.
Discuss the market factors (level 2). How do the relevant market factors affect the performance of the focal organization?
Ford is the second-biggest U.S based automaker (after General Motors) and the fifth-biggest in the world (behind Toyota, VW, Hyundai-Kia and General Motors) in view of 2015 vehicle production.
Recently, due to decrease, in sales Company Q had to close two stores in high crime rate areas. Those closures where due to the result of months of losses in profits from those two stores. If those stores, in higher-crime areas were
Population demographics - Changes in the population has many consequences for the business operation. As the total of the population changes the demand for products and services also changes for example the increase in the UK population has contributed to the demand of the NHS services and has put a strain on
The SIX elements in PESTLE vary in significance depending on the type of business, eg., social factors are more obviously relevant to consumer businesses or a B2B business close to the consumer-end of the
Changes in external forces translate into changes in consumer demand for both consumer products and services. The company must prioritize to determined which factors may have the most impact and influence to the business. These factors are Political, economical, sociological environmental, and legal. Many of these factors are linked together. For example political, government legislation affect the economic factors (for example increasing the VAT). There are many models that can be used to analyze the external environment. LoNGPEST analysis examines the impact of each factor in local, national, and global aspect in the organization. It will help to where the company needs to focus and most important factors to have a sustainable and profitability in a long run(Hassanien, Dale, & Clarke, 2010; Johnson, Scholes, & Whittington). JD Wetherspoon LoNGPEST factors analysis illustrated in table format (see table 2.1). Identifying the key drivers for change is necessarily, this are the high impact factors likely to
In this analysis, I will study the industry in which Lowe’s and Home Depot operate to include, the ratios of these companies, and how those ratios affect the companies and their approaches to earn a profit. I will also cover the history of each company, and their individual corporate goals and strategies. Finally, I will then do a side-by-side evaluation of the companies’ financial health.
Synthetic cannabinoids, which are often referred to as: Spice, K2, Joker, Black Mamba, Kush, and Kronic, are classified under a new psychoactive substance group because of its mind altering effects and the fact that it is a manmade substance. (NIDA, 2015) Its most common street name is spice and most young adults consider it to be fake marijuana, which is a gross misconception. The drug is connected closely with marijuana because it binds to the same receptors as THC, the active ingredient in marijuana. The drug is a schedule I drug under the United States Controlled Substance Act, which was signed into law by President Obama in 2012. (ONDCP, n.d.)
industry has been facing challenges. The industry is in a decline. This is because people may be
1. Williams-Sonoma has experienced strong growth in the past year, but this is on the back of a strong economy and in particular a strong new home market. The furniture business is strongly correlated with the strength of the real estate market. In this respect, the company's strategy is largely irrelevant, because within the next five years the real estate bubble will burst and Williams-Sonoma will suffer a major downturn in its own results as a consequence. However, this reality shows that the company perhaps lacks sufficient differentiation, and can only be expected to perform roughly in line with the housing market. It is neither outperforming competitors nor is it underperforming. W-S has sufficient differentiation within the furnishings and home products segment, and has a fairly strong brand name in the segment. The company's status as a mass-market premium company allows it to grow strongly in strong economic times, but also makes it particularly vulnerable to economic downturn, because not only do consumers redecorate at greater intervals, but they will trade down to more affordable stores when they do.
The first alternative is to maintain the status quo. The current status quo is a steady decrease in sales. Therefore, this alternative does not satisfy the first evaluative criteria of increasing sales. Secondly, maintaining the status quo will, at best, maintain the company's image. Due to the fact that there are no major changes occurring in the first alternative, it is impossible for the company's image to improve. Yet, maintaining the status quo is feasible. However, as sales at Dixie Land Homes decrease, the feasibility will decrease as well.
I was surprised to see this article in The Financial Times. But after I analyzed it more the profile piece made sense being published here. Dave Grohl was in fact being profiled for his business sense. Multiple times Carl Wilkinson showed the audience Grohl’s business prowess. Really it’s a great business profile piece; the photos just help to prove how smart Grohl really is.
4. An analysis of the industry, i.e., degree of competition, growth of industry-wide sales, profitability of competitors, life cycle stage of the industry, Porter’s five factors, and P/E ratios of competing companies.
In this report, it consists of Pestle Analysis and Porter’s Five Forces. Pestle Analysis will be conducted to determine on whether it is an attractive environment for HollisterCo to step into the Singapore’s Industry. Porter’s Five Forces is used to zoom into the clothing retail industry to find out whether or not is attractive enough to set up HollisterCo.