Spevac Pestel Analysis

1. Executive Summary

We provide specialised, specific and custom vacations that are premium-priced and specifically created to suit the exact requirements of the client down to the exact detail. These vacations are not limited to a prototype or a present design, and are crafted around any desire that the client mentions.

Our target customer belongs to the billionaires of the world. There are about 1,826 billionaires around the world and their aggregate net worth is about $7 trillion, which is the niche we will be operating in. at any point, one team will be appointed per client and that team will be responsible to see through the vacation of the client to the end. The job of this team will be to cater to every desire of the client for the

Analysis of the Environment

SpeVac will commence operations by offering European vacations to consumers from around the world. For the purpose of formulating a business strategy and the market entry strategy for SpeVac, it is vital to assess the environment that it will be operating in. It is hence that we consider a PESTLE analysis of the European market. The PESTLE analysis is arguably the best tool to determine the macro view of the market that the business operates in and is widely used as the primary analysis tool. The PESTLE analysis is ideal to gain a perspective on the working between the supplier, distributer, customer and competitor.

Political
Europe is a developed nation, which is undergoing financial upheaval at the moment. The economic dip that Europe faces is the cause for political duress as the nations try their best to deal with the situation of mass unemployment.

The European Union is beginning to be divided, given the Greece crisis. As a result, every country that is a part of the EU is, in effect, fending for itself. In order to stay afloat, each country welcomes any prospect of business and hence a chance at the growth of the GDP. This is leading to much assistance with the business related functions that SpeVac will tap

The new businesses as much as the existing ones are striving to stay afloat and are hence making strategic decisions based on the policy changes that make business transitions and transactions easy and cheap. This would make SpeVac capable of offering services at lower costs and integration of the said services will be almost a seamless task. The various registration and service aspects have been made easy to process so as to give an impetus to business growth.

Economic

The economic crisis that all of Europe is currently facing is adding much pressure to the workings of the businesses that hold the key to an economic stability. Policymakers to attract any and every business growth opportunity are using this. Attractive schemes are being made available to the businesses to support their growth. SpeVac aims to utilise the resources that are offered to the businesses to create the complex network that will make it possible for SpeVac to offer the complete set of unique offerings.

Social

Britain is one of the wealthiest countries in the world and despite the economic crisis, the top 10 per cent of the wealthiest have protected assets that they dispense, as is their regular practice. On an average, the British families vacation at least once a year and the most travelled month is that of April. An average of two months’ worth of salary is spent on the