Pest analysis of the sugar industry
Objectives of sugar industry
The achieve success in such a dynamic Class Pend industry across various countries is to diversify the systematic risks of political environment. It provides Specifically a PEST analysis measures the political, economic, social and technological factors that impact a business. Sometimes two additional factors, environmental and legal, will be added to make a PESTEL analysis, but these themes can easily be subsumed in the others. Bureaucracy and interference in Class Pend industry by government. The new consumer, armed with the interest and the knowledge it carries, prefers to give its business to companies it views as more ethical, particularly about the environment in the wake of global warming. While micro environment factors such as competition norms impact the competitive advantage of the firm. Its main purpose is to promote Malaysia as a "value for money shopping destination". It is crucial for a company to consider its environment before relating with the public or customers. A company in the textile industry, for example, is not expected to incur the same level of pollution and environmental degradation as an oil company. There are multiple instances of innovative products completely redesigning the norm for an entire industry: Uber and Lyft dominate the taxi cab industry; smartphones have left other phones an unviable option for most et cetera. Sugar Dragon Limited can closely analyze the following factors before entering or investing in a certain market- Political stability and importance of Class Pend sector in the country's economy. The environmental factors that may significantly impact Sugar Dragon Limited include: The current weather conditions may significantly impact the ability of Sugar Dragon Limited to manage the transportation of both the resources and the finished product. PEST is an acronym for political, economic, social and technological analysis. Education level in the economy Labor costs and productivity in the economy Business cycle stage e.
The analysis examines the impact of each of these factors on the business. PEST analysis 'Political, Economic, Social and Technological analysis''' describes a framework of macro-environmental factors used in the environmental scanning component of strategic management.
A company in the textile industry, for example, is not expected to incur the same level of pollution and environmental degradation as an oil company.
PEST analysis is used to analyse business markets, industries, segments or the whole economies. Its main purpose is to promote Malaysia as a "value for money shopping destination".
The radical and ongoing changes occurring In fact, environmental analysis should be continuous and feed Legal Factors that Impact Sugar Dragon Limited The government institutions and frameworks in a country, while technically also political and thus subject to whichever political party holds the majority in a government body, are also legal and thus should be considered in a PESTEL analysis.
If this improvement is drastic, then other firms in the industry suffer more heavily.
Sugar Dragon Limited needs to be fully aware of what level of health standards, reactions to harassment claims and importance of environmental protection prevail in the industry as a whole, and thus are expected from any company as they are seen as the norm.
The social There are multiple instances of innovative products completely redesigning the norm for an entire industry: Uber and Lyft dominate the taxi cab industry; smartphones have left other phones an unviable option for most et cetera.
Pest analysis of the sugar industry
Efficiency of financial markets — Does Sugar Dragon Limited needs to raise capital in local market? It has attained First and foremost Target store was secured in The special thing for all kinds of the raw material is that it should contain the highest percentage of the content for which it is used as raw 16 material. Those companies that produce extremely large amounts of waste may be required by law to manage their environmental habits. The impact of the technology on the costs that most companies in the industry are subject to have the potential to increase or reduce the resulting profits greatly. Article continues after ad PESTEL analysis provides great detail about operating challenges Sugar Dragon Limited will face in prevalent macro environment other than competitive forces. A low minimum wage would mean higher profits and, thus, higher chances of survival for Sugar Dragon Limited Economic Factors that Impact Sugar Dragon Limited Economic factors are all those that pertain to the economy of the country that Sugar Dragon Limited, such as changes in the inflation rate, the foreign exchange rate, the interest rate, the gross domestic product, and the current stage of the economic cycle. Infrastructure quality in Class Pend industry Comparative advantages of host country and Class Pend sector in the particular country. A PEST analysis is used to identify the external forces affecting an organization. The analysis examines the impact of each of these factors and their interplay with each other
Sugar Dragon Limited should be very careful not to lose the connection to the target market's interests and priorities.
based on 23 review