They are also working to reduce their operation carbon footprints. Legal factors include discrimination law, consumer law, antitrust law, employment law, and health and safety law. These factors can affect how a company operates, its costs, and the demand for its products. The government legislation and policies have a direct impact on the performance of the organization. For example the legislation that introduced a new tax on advertising highly processed and fatty foods.
TASK 3C (P3.3) In this criteria, I will explain how business environment such as political, social, technical, legal and environmental and cultural environment shape the behavior of Target Corporation. First what is cultural environment? It is an arrangement of convictions, practices, traditions and practices that are observed to be common to everybody that is living inside a specific population. It also shapes the way that each individual creates, affecting belief systems and identities. Cultural environment shapes and affects the behavior of Target Corporation in a direct manner.
(P2.2) It is important that Nordstrom knows in what environment they work in when launching a new store therefore, an environmental audit gives an idea and figure in which the company operates or work. This can be done by a PESTLE analysis. Political Factors Political factors play a significant role in determining the factors that can impact Nordstrom 's long term profitability in a certain country or market. Nordstrom is operating in apparel stores in more than dozen countries and exposes itself to different types of political environment and political system risks. The achieve success in such a dynamic apparel stores industry across various countries is to diversify the systematic risks of political environment.
1. INTRODUCTION Stakeholder activism is a way which stakeholders can influence a corporation’s behaviour by exercising their rights as stakeholders (Chiu, 2010:1). In this process activists present threats to the organisation, but they also provide opportunities for the organisation to manage their communication in a strategic way. These groups often co-work with the government to affect internal operations as the government is seen as a pathway through the resolution of these problems. Activist groups also seek out ways to influence and change certain conditions through means that range from education to violence.
It works through the different segments of the full scale environment and prompts the organization to look at the particular ranges in depth. PEST stands for Political, Economic, Social and Technological. PEST is useful tools to the organizations because it can help the organizations to determine the opportunities that the organizations have and inform the organizations about the threats that it face. It helps the organization to characterize the way the business is formed, so the organization could change
Part A Macro environment is important factor affecting the development of enterprises. A macro environment is the condition that exists in the economy as a whole, rather than in a specific sector or region. (Macro Environment n.d.) Cultures, politics, technology, nature, economy and demographic are the six major forces in the company 's macro-environment. (Kotler & Armstrong 2014, p96） Political factors Political factors include government regulations and legal issues and define both formal and informal rules. (PEST Analysis n.d.) All the companies have to follow these rules.
2. PESTEL ANALYSIS The external environment of a company can affect everything from company policies, finances, sales, targeted customers and can be a deciding factor in whether the company remains for another season. We will now be doing a more detailed analysis on these six PESTEL factors. PESTEL refers to the Political, Economic, Social, Technological, Environmental and Legal forces,
PEST Analysis is a tool that helps to analyse the environment and constraints that are placed on developing and implementing an e-business strategy from outside the business. It is an acronym for Political Economical Social and Technological factors. 2.2.1 Political The major political factors affecting H&M are restrictions on imports and exports and relocation of production facilities since the company has chain stores in different countries. There is also a restriction on shipment of goods which is a concern for H&M. Relocation of manufacturing and outsourcing continues to be a contentious issue as companies seeks to maintain profit margins and reduce costs as well as receive incentives to locate production in specific areas.
Virgin Atlantic can be impacted and influence by the macro environment. However, the term PESTLE is used in procedures in analysing the macro environment and to recognize how future trends in the political, economic, social, technological, environmental and legal environments might impact Virgins Atlantic. However, Virgin normally study the key drivers of change behind the factors of PESTEL. These change establish opportunities and threats in the external environment of a company which can be overcome by concentrating on strengths and eliminating drawbacks. Political Analysis Politics plays an essential role in Virgin Atlantic.
These are doing the right projects and doing projects right. The first set is basically influenced by external environmental factors whilst the next is greatly induced by internal organizational characteristics (Copper, 1999, p. 115-116). The organizational antecedents are many but for the purpose of this study, organizational complexity and size, financial resources, and union impacts on innovation adoption will be