Pest Analysis for market occupying Essay Example for Free

Pest Analysis for marketplace occupying EssayPest analysisThe following pest analysis has been created for three markets separately. Pest analysis stands for political, economic, socio-cultural and technical environment. Use of the pest analysis guides our company to work according to the changes taking place in these categories. save good use of the analysis assist the company to avoid taking action that is condemned to failure from the outset, for terra firma beyond its control. The following is a pest analysis created for the market occupying Dubai and capital of the United Kingdom. Socio-culturalThere is vast cultural diversity in regard to locals in these countries. Both the countries population consists of various other(a) nationalities. Dubai and capital of the United Kingdom has tolerance of other religions and culture. Population density London (12,450/sq mi (4,807/km2), Dubai 408.18/km2 (1,057/sq mi).PoliticalLegal and regulatory bodiesBoth the countries sh ar ha rsh aura based regulation and laws. Regulatory carcass for London CAA (civil aviation authority) Regulatory body for Dubai DCAA (Dubai civic aviation Authority) There is no such political conflict in this market, which makes business between these devil countries quite versatile. market Dubai and LondonEconomicalLondon Gross Domestic Product (GDP) increased 0.8 per penny Dubai finance official predicts the UAE frugality will top US$272 billion (S$361 billion)- 2010 Foreign exchange market Pound sterling- 12.9% (daily share). Londons largest industry is finance. Tourism is one of Londons prime industries. Dubai is also an international financial centre and has been ranked 37th.TechnologicalDubais industry growth had given way for scientific advancement. Use oftechnology has increased London based companies in Dubai. London has various companies advising on the use of new technologies to other companies. Airlines based in Dubai use advanced technology to operate their businesses in London and Hong Kong.Pest analysis occupying the market in Dubai and Hong KongSocio-culturalHong Kong the culture is a mix of the Chinese roots with influences from its time as a British colony. Dubai Dubai is a highly cosmopolitan society with a diverse and vibrant culture. Honk Kong Population density 6480/km216,576/sq mi. Dubai 408.18/km2 (1,057/sq mi).Dubai and Hong Kong has an launch business link, which is an advantage to the aviation industry.PoliticalLegal and regulatory bodiesDubais aviation regulatory body DCAA (Dubai Civil aviation Authority), Hong Kong Civil Aviation Administration of China. Government of Hong Kong Non-sovereign partial democracy with unelected executive. Hong Kong continues to follow the slope Common Law tradition established under British rule. Dubai and Hong Kong has no existing political conflicts.Market Dubai and Hong KongEconomicalHong Kong an important centre for international finance and trade. Hong Kong dollar 2.4% (daily share)Hong Kong GD P growth rate economy is expected to grow 5 percent in 2010, may shrink 2 percent this year. Unemployment 4.3% (July 2010). briny exports partners China, US and Japan.TechnologicalDubais industry growth has given way for technological advancement. The Innovation and Technology representation (ITC) in Hong Kong supports applied query and development (RD) and technology transfer and application. Hong Kong has seen a rise in technological advancement which has contributed to economic and companionable development.Pest analysis for market occupying in London and Hong KongSocio-culturalHong Kong the culture is a mix of the Chinese roots with influences from its time as a British colony. In terms of population, London is the 25th largest city. London is also home to sizeable Muslim, Hindu, Sikh, and Jewish communities. Social trend (London and Hong Kong) career oriented, works class, low level of death rate.TechnologicalThe Innovation and Technology Commission (ITC) in Hong Kong support s applied research and development (RD) and technology transfer and application. Hong Kong has seen a rise in technological advancement which has contributed to economic and social development. London has a vibrant and growing IT sector. The region boasts over 350 companies with approximately 8000 employees.EconomicalThe Hong Kong Stock deepen is the 6th largest in the world. London is a major financial centre for international business and commerce. everyday debt London 68.5% of GDP (2009 est.). Hong Kong 14.5% of GDP (2008 est.) Labor forceHong Kong 3.64 million (2007 est.)London provincial unemployment rate wing from 8.9% to 8.6%. (2010)Market London and Hong KongPoliticalLegal and regulatory bodiesHong Kong Civil Aviation Administration of China. London CAA (civil aviation authority) Hong Kong follows a free trade policy and hencemaintains basically no barriers on trade. There are various laws and regulations implied on businesses being set up in London, even for trading as w ell.