Essay about Analysis Of Prince Puckler 's External Environment

Essay about Analysis Of Prince Puckler 's External Environment

Length: 708 words (2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

We decided to use the PESTEL model for our analysis of Prince Puckler’s external environment and found that nearly all of the aspects of the model, outside of technological and political, had a strong impact on the company. Economic factors play a sizable role in the industry, for example, when the economy is in a downturn ice cream is seen as a luxury good and people purchase less of it, while in normal economic times more ice cream will be purchased. Several factors affect this change in consumption including unemployment rates and disposable income. Social factors, including education levels, wealth and lifestyle trends in the local population also have an impact on Prince Puckler’s external operating environment. All of these social factors vary wildly in Eugene, as the education level fluctuates from high school to college degrees and wealth can vary wildly. These factors, however, do not have a large impact on Prince Puckler’s because your average person will be able to afford ice cream regardless of their education level.
Lifestyle trends are extremely important, while Americ...

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Industry and External Environment Analysis Essay

- Introduction Companies always operate in a certain environment; the formulation and implementation of business strategy are also restricted by the particular environmental factors. (Osborn & Hunt 1974) In other words, environment decides the enterprises’ strategy, decisions making, organizational structure and management styles. The environmental awareness has become the starting point of the environment analysis. (Sethi 1979) In general, the corporate strategy has two environment factors to consider, internal and external environments....   [tags: Politics, Economics, Social, Technology]

Better Essays
2946 words (8.4 pages)

Essay on Analysis of the External Environment of Business

- Analysis of the External Environment of Business A ‘business' is commonly defined as an organisation which provides goods or services in addition to transforming input into output. Its objectives can either be profitable or non-profitable. One of the main requirements that must be fulfilled for a business to exist is that it must act and react to activities and occurrences beyond that of the organisation. These factors that happen outside of the business are known as external influences or factors....   [tags: Business Technology Analysis]

Better Essays
1681 words (4.8 pages)

Swot Analysis Of The External And Internal Environment Of A Business Essay

- PART 1 SWOT is a business model used to investigate a case study and can help in problem recognition. SWOT study’s the external and internal environment of a business in term of four factors, the strengths, weaknesses, opportunities and threats. This essay will be explaining each feature and examples will be provided. The first factor under the internal environment of an organization is the strength which defines and points the power, the capacity and the capability in doing certain or specified goods or service....   [tags: Strategic management, SWOT analysis, Fast food]

Better Essays
825 words (2.4 pages)

Sites where Information Can Be Found for Preparing and External Environment Analyses

- Introduction This document will list sites where information can be found to assist with preparing an external environment analyses. An explanation will be given to describe what information can be found on the website for each of the Porter’s Five Forces and the PEST analysis. Two sources will be provided for each variable. Porter’s Five Forces Threat of new entrants Company websites provides information on new entrants and competition. Kraft Food Group, Inc. URL: Pandora Group provided a strategic report that covers Porter’s Five Forces variables....   [tags: PEST analysis, Porter's Five Forces]

Better Essays
572 words (1.6 pages)

External And External Environmental Analysis Essay examples

- The external environmental analysis is done to identify and interpret your organization 's environmental issues so your organization can develop good directional strategies. External environmental analysis helps you prepare for any surprises that may come now and in the future. External environmental analysis keeps you so close to the environment that when change comes you should have already detected the signals and prepared significantly for the change. Some goals when conducting an environmental analysis are to determine likely future issues and changes that will impact the organization....   [tags: Health care, Public health, Health economics]

Better Essays
1509 words (4.3 pages)

Essay External Environment Analysis : Merck & Co

- External Environment Analysis Economy Merck & Co. has to be aware of the economy as with any industry. Within the recession, more and more were looking towards generic substitutes. This can at times not be a problem with patents. However, once a patent is up, a competitor who develops generic versions of Merck’s products becomes a low-cost competitor. However, during the recession from 2008 – 2009, Merck didn’t see any drop in sales. Actually, they were able to keep a continual increase in sales and net income....   [tags: Generic drug, Food and Drug Administration]

Better Essays
1610 words (4.6 pages)

Qantas International: Analysis of the External Environment Essay examples

- Qantas International faces both direct and indirect competition, in a highly competitive, global marketplace. Direct competitors to Qantas International are those airlines that market full service international air travel, and the primary direct competitors identified in this market are Emirates and Singapore Airways. Indirect competition in the marketplace comes from low cost airlines, and the main competitor in this market is Virgin Australia, which is jointly owned by Air New Zealand, Singapore Airways....   [tags: global market place, international air travel]

Better Essays
2015 words (5.8 pages)

Swot Analysis : External Marketing Environment Essay

- External Marketing Environment These forces that can influence your business are uncontrollable, some of the factors are: - 1. Competition • Big players (Pepsi, Coca cola) can always enter cane market • Sharing distributors with competitor 2. Government policies • Federal, State and Local health policies • Eco taxes on recyclable bottles 3.Social and cultural forces • Younger Generation • Diabetes • Obesity 4. Economic • Highly elastic products • Commodity prices 5. Technological changes • State of the art machinery SWOT Analysis 1.​Strengths • Exceptional showcasing activities in its technique....   [tags: Soft drink, Coca-Cola, Jones Soda, Cola]

Better Essays
821 words (2.3 pages)

Analysis Of The External Environment Of Business Essay

- Analysis of the External Environment of Business The Technological Environment The external business environment consists of four elements, they are as follows: Political, Economic, Social and technological. It would be impossible to analyse the whole environment in one essay, I have therefore decided to focus my essay on the technological environment. I have chosen this area to focus on because as Palmer and Hartley point out, it is one area that is forcing immense change in the external business environment....   [tags: Business Technology]

Better Essays
1591 words (4.5 pages)

The Effect of the External Environment on Work in Australia Essay

- The Effect of the External Environment on Work in Australia This essay considers how changes in the external environment of organisations have altered the world of work. Australia is currently experiencing a period of economic growth. But some new challenges have appeared. Australian organisations are facing skill shortages and an aging workforce. This shortage has been addressed by introduction of new technology in workplaces and influx of immigration workers. Organisations in Australia, similar to those in other developed economies, are also struggling with changing workforce demographics, changing nature of work, incorporating and utilizing the rapid advances in technology, and addressin...   [tags: Business Environment Work Force]

Better Essays
1980 words (5.7 pages)