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It is important to recognise the main features that affect a business in view of the macro and micro-environmental factors. Technological change, change in economic climate, natural occurrences and such-like are matters that concern the macro-environment of a business. These external, uncontrollable, influences can and will impact hugely on the success or failure of a business. One of the tools that are applicable in considering these factors is PESTLE. Political; Environmental; Social; Technological; Legal and Economic considerations will need to be engaged in order to prepare the business for macro-environmental influences. For this reason, PESTLE will be the most appropriate tool to use to identify and outline the main macro-environmental factors that may affect my business. Political Political factors that may impact on the business, as a sports club, would mainly include transportation. Transport is a political factor as it is controlled and affected by legislation. This will impact on the staff and opponents (travelling to the stadium) as the accessibility of transport will impact on travelling times – both positively (may avoid traffic on a train e.g.) and negatively (trains, buses etc. may be cancelled or delayed). The price of transportation will also affect the mode of transport that these groups of people may use. Similarly, price and accessibility of transport will affect the consumers also. The view that consumers hold on transport, therefore, is likely to impact on the business i.e. effort to travel, money to travel etc. as this will influence how often they will visit, what they will spend during their visit etc. According to (Mintel 2011,) the amount of people using train as a mode of transport is on the rise, mea... ... middle of paper ... ...e: http://academic.mintel.com.atlas.worc.ac.uk/sinatra/oxygen_academic/display/id=688517?highlight#hit1. Last accessed 3rd January 2014. • Mintel. (2013). Healthy Lifestyles Uk . Available: http://academic.mintel.com.atlas.worc.ac.uk/display/649676/. Last accessed 3rd January 2014. • Mintel. (2010). Family ties key for children’s sport . Available: http://academic.mintel.com.atlas.worc.ac.uk/display/552523/?highlight. Last accessed 2nd January 2014. • Mintel. (2013). Teen athletes more likely to drink, less likely to use drugs. Available: http://academic.mintel.com.atlas.worc.ac.uk/sinatra/oxygen_academic/display/id=687169?highlight. Last accessed 4th January 2014. • Mintel. (2012). 91.4% of trains on time in January 2012. Available: http://academic.mintel.com.atlas.worc.ac.uk/sinatra/oxygen_academic/display/id=611570?highlight#hit1. Last accessed 2nd January 2014.
Marcovitz, Hal. How Serious a Problem Is Drug Use in Sports? San Diego: Reference Point Press, 2013. Print.
Rowley, S. (1986). The role of the parent in youth sports. In G.R. Gleeson (Ed.), The Growing Child in Competitive Sport, (pp. 92-99). London: Hoddon and Stoughton.
The price elasticity of rail transport is fairly inelastic, so it may be cheaper to just use the car from the start. The cross elasticity’s of the coach and rail transport may be high in some places and low in others, so it may be pointless limiting yourself to one type transport as it will simply pile on the costs. The income elasticity of the coach is very high, so even a little increase may pinch your pocket a little too hard.
...4). Teens who consume energy drinks more likely to use alcohol, drugs. ScienceDaily. Retrieved May 1, 2014 from www.sciencedaily.com/releases/2014/02/140204111804.htm
The deep analysis of the macro-environment is key to the organisations in order to understand which factors are impacting their operations. The main purpose of PESTLE analysis (Political, Economic, Social, Technological, Legal and Environmental) is to identify those factors that have an impact on the organisation but are outside its control area. Together with other frameworks (such as Porter’s ‘5 forces’), PESTLE framework is required to develop a comprehensive analytical strategic process.
There have a close contact between business and environment. On the one hand, the environment is the basis for enterprise survival, the elements the business needs all obtained from the external environments, such as human resource, materials, energy, capital, technology, information, etc. Meanwhile, the company's products must be ma...
Having the base of a business operating on machines, the employees are trained to master the new systems. Economy is number 3. The economic analysis is based on the study of worldwide economy because the business is not only affected by the economy of the country that it operates within but by the world’s economy. Inflation, exchange rates and interest rates are three common factors that influence the business. Then we have the environment where governments have imposed restrictions on businesses for pollution and these are under the name of legislation, but we also have the information aspect where companies provide annual reports.
The financial arrangements, commitment of the decision-makers to the success of the project, labour issues, the city planning process, land use policy, securing the support of the community for the project, are some of the institutional issues. Other institutional challenges include interference from those with an interest in the real estate, availability of space, local opposition etc. All of the institutional issues associated with the development and operation of the BRT system can be broadly grouped into nine different categories: intergovernmental and inter-organizational; intra-transit agency; political; public relations and marketing; funding and finance; labor; safety and liability; planning and land use; and the physical environment.
A significant benefit is the long-term investment which comes from preparing and hosting a major event. The city can improve its legacy of hosting major sporting event by hosting another successful event. This type of event will also encourage the city to renovate and repair things, to make the city more attractive, and to also reduce any hazards or risk.
Macro environment consists of external factors that affect a business and that are uncontrollable and influence business-making decisions. The macro environment consists of different factors that pose opportunities and threats to the company. There are six factors that macro environment consists of; demographic environment, economic environment, natural forces, technological forces, political forces and social & cultural forces. It’s crucial to identify, understand and analyze the factors so that the company can reach its optimum performance. It’s important for companies to study the macro environment so that they can divide the population into different target markets and plan which market segment to go into. One of the most crucial steps in forming a business is planning and a macro environmental analysis helps them to do that. Often businesses conduct a so-called PEST-analysis that helps them to understand market growth and decline, direction for possible actions and the current business position.
Hosting a major sport event can have many positive effects in the economy and the society of the hosted country. One of the advantages is raising the profile of the country which can lead to...
Extensive construction led to hotel overcapacities, and there is no coherent plan for the after use of venues and some of the largest infrastructure projects. Also, some events did not manage to develop the host countries’ image in the world. Because of this, governments and organizations are reducing the budgets but their expectations are still increasing for hosting the sport events in their
As per an opinion on ABC Networks- The Drum, “Public transport like trams and trains are pleasing; it helps the environment, saves time but has its disadvantages. A recent study conducted by road research group ARRB found that most Australians would prefer getting up at dawn and reach work early, to avoid the stress of road congestion, instead of catching a train.” (Fidge, 2016).
Transport is an essential part of human activities. More and more people are choosing private transport because they can afford it and it provides them the freedom to travel wherever and whenever they want. However, this practice and trend can create more problems in societies such as traffic congestion, air pollution, more energy consumption and road accident. In order to prevent and solve these problems, public transport must be given a high priority in the future in all countries. This essay will provide strong support and reasons why public transport will become more important than private transport in the future.
It is considered a holistic approach that might be involved some factors providing an overall speed of journey (Mannering, Walter, and Scott, 2004). Wyatt (1997) states that the rail transportation has been made the urban areas to develop the transport network places with producing a good network to be placed over location with a poor network. For example in European Union (EU), the rail company had been employing around 570,000 people across passenger and freight operations in year 2012. From here, the rail transport is critical by the EU strategy to improve their economic condition. This rail sector had been makes a large contribution in oversea country.