PESTEL Analysis: The Pestel Analysis Of Singapore

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PESTEL Analysis

The internal and external environment should be examined to define a strategy for the company. the external environment analysis could be done through a PESTEL analysis, which will help identify the external factors that influence the company in the market.
Political
The political risk in Singapore is quite low. Singapore is a democratic country. The people elect representatives to lead the nation. Since_its independence, Singapore have been relative political stability. The stability has translated to peace and a better standard of living and business opportunities for Singapore.
Economical
Economy of Singapore is based on its role primarily and neighbor countries. The main reason is its strategic geographic location to
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The younger generation has the tendency to follow western culture and values. The residents work hard and fulfill the materialism desire. The urge to do well has increased nation productivity. For business sectors can, therefore, expect higher_purchasing power from customers.
Technological
One of the main reasons behind the change_in lifestyle and quality of life is the technological advancement. The internet plays a role in_Singapore’s advancement. It eased communication and increases connectivity. The cost and time of conducting business lowered. It also boosted the social networking as residents_could easily connect to the rest of the world.
Environmental
The Ministry of the Environment and Anti-Pollution Unit works relentlessly to maintain air quality and other environmental factors. Pollution_from the transportation is the key problem in Singapore’s urban areas.
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They were one of three new taxi companies that were granted a taxi operator license following the Government’s announcement to deregulate the taxi industry in Singapore.
Premier Taxi launch the first 50 units of SilverCabs in_March 2004, company has expanded their fleet steadily and currently operates_over 2,100 taxis. company stringent selection and training process ensures that Premier is uniquely positioned to respond to the passengers’ demands for quality service, and safe and comfortable rides.
Premier Taxis constantly_expands_their fleet to improve their coverage to serve taxi commuters better. Premier Taxis is also constantly looking for innovative ways to improve the level of transportation service in Singapore and to improve the level of service to their drivers.
Premier Taxis aims to offer the highest_standard_of taxi service to our customers by working closely with our drivers, who are our partners in delivering our taxi service, and our strategic partners to enhance our productivity. At Premier, we take pride in keeping our vehicles well-maintained and knowing that our passengers have a safe and comfortable

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