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Technology impacts on business
Importance of the study of business environment
Technology impacts on business
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Introduction: Arriva company was founded in 1938 by Cowie family in Sunderland as a (second-hand motorcycle shop).The company started to become bigger during the 90th, especially in 1997 by making its first deal in mainland Europe. Nowadays, Arriva is controlled by Deutsche Bahn and they became one of the leaders on transport market in Europe. Moreover, the company has around 54,500 employees who are serving in 14 various countries in Europe. They transport around 2 billion passenger through year. Arriva offers to their customers numerous ways to transport by having a lot of services for example: inter-urban commuter coaches, trams and light rail, water buses, local buses, train and airport transport services and other things. Arriva sales …show more content…
Businesses can not change these factors, however they must adapt them to be success in their competitive market. First of all, the economic environment which consists of numerous factors.For instance: Gross Domestic Product,Profit earning rate etc. It has a quick impact on the business which mean that if any changes happened in the economic environment business must directly follow it.It could be like bonds for the business or may create new chances.Second feature(factor) is social environment will depend on where the business is exit. Countries have different demographics and culture. Culture will depend on imitation and customs of the region, while demographics depends on the segments of the country if the product can be suitable there or not. For example: Japan has high percentage of old people, however, India has high percentage of young people. After long time social environment will have an excellent effect on the business. Technology relies on how the product quality is improving by using various tools and machines.Any business should …show more content…
One factor is tax on fuel which is an advantage for public transport sector. High taxes applied by government on fuel provides arriva with an opportunity to gain more customers. The key point will be providing a service that gives the same value with less price by using public transport instead of cars. Therefore, Arriva offers tickets with various prices, so people could choose the most suitable price for them. Responding to market needs is a crucial factor for arriva. With huge number of customers is impossible to provide a service that meets every individual wish, but there are common needs that they share; for instance: Security, cleanness, reliability, pleasant trip and well-maintained vehicle. In addition, Arriva should look more closely for specific market segments like school children or elderly people by offering new buses to them with cheaper price. As any business Arriva needs to cover its cost or most of it in order to be able to provide a satisfying service. Unfortunately, this is not possible in areas where there is low customer numbers. The same reason sometimes prevent Arriva company from providing night buses, thus this will lead to net loss for some time.There is also pressure on public transport sector in UK since this sector helps to support the economy by giving citizens access to education, jobs, and leisure; especially
Macro-environmental factors may affect the incorporation of the market in Malaysia. The macro-environmental factors which affect the target market are identified and these factors affect the potential of the company to form a new market in the economy. Environmental factors of the country and the surroundings effect the formation of a new plan. These are external factors and cannot be controlled by the company. The target market for the future retail banking by Santander is influenced by the company. Malaysia has diversified culture and the environmental factors are such that cannot be controlled by any means. These macro-environmental factors include the
Arriva company was founded in 1938 by Cowie family in Sunderland as a (second-hand motorcycle shop).The company started to become bigger during the 90th, especially in 1997 by making its first deal in mainland Europe. Nowadays, Arriva is controlled by Deutsche Bahn and they became one of the leaders on transport market in Europe. Moreover, the company has around 54,500 employees who are serving in 14 various countries in Europe. They transport around 2 billion passenger through year. Arriva offers to their customers numerous ways to transport by having a lot of services for example: inter-urban commuter coaches, trams and light rail, water buses, local buses, train and airport transport services and other things. Arriva sales has
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...
...t the rising gas priced and the ridiculous cost of decent insurance. Then I have rode both buses and trolleys when somebody took the family car to work and I needed to take care of my own interests; I noticed that most people feel uncomfortable being around so many people, yet when a passenger needs help, conversation emerges and a new connection is made. I am generally a shy person, however I feel public transportation has helped me strengthen my communication skills. I am only one MTS customer; the difference it can make on all San Diegans can be huge. People underestimate public transportation since it has such a negative connotation; MTS is an exception because they have invested in ensuring that youth, seniors, adults and the disabled all have the same opportunity to rely on a clean, efficient, and friendly way to transport their citizens where they need to be.
With the proliferation of the internet international Business transactions are more common today than ever. Globalization is now a key factor when creating a business strategy for most companies whether they are small family own businesses or huge corporations. Globalization however does not just involve selling a product in other countries. There are legal and cultural concerns that must be addressed. The legal aspects are fairly simple because in most places the laws are spelled out. It's the local customs, and regional way of doing things that can be tricky. Research on globalization has shown that it is not an omnipotent, unidirectional force leveling everything in its path. Because a global culture does not exist, any search for it would be futile. It is more fruitful to instead focus on particular aspects of life that are indeed affected by the globalizing process. (1). In this new economy, as it has been in the past, it will be the people not the machines who will determine a company's success. Having an effective Human Resource Management team that effectively analyze your company's current and future personnel needs is key in any business organization.
Social – Social factors that affect a company is in regards to the culture of the external environment. The culture of the external environment is developed from the ecological, demographic, religious, educational, and ethnic conditioning. The company’s social factors involve the beliefs, values, attitudes, opinions, and lifestyles of the people included in the external environmental culture.
The economy plays in the part of how money is made. The turnover ration plays a role for hiring and layoffs. An organization can not run productively understaffed. Therefore, there can be no set way to run a business according to the books. The third factor is the leadership factor.
Aetna is among the oldest insurance providers in the American health sector. The company operates in all the fifty states in the United States. It mainly offers traditional healthcare insurance plans. A lot has changed in the healthcare sector over the years. The introduction of many healthcare institutions, the increase in vulnerability to diseases, and changes in demography are some of the significant changes that affect the current healthcare sector. It is compelling for Aetna to make changes that would help it to improve its services to the citizens in the future. It is also clear that the healthcare sector has become very competitive. Aetna has various strategies in place that would help to address the future healthcare needs of the people.
The factors affecting the external environment of a business are Political, Economic, Social and Technological. The political are based on how government policies affect a business. The economic are how the economy affects the business; inflation, interest rates. The social are how consumers and communities act and their opinions. Finally the technological shows the fast pace of change in processes and innovation that can affect the business.
Economic factors affecting negative or positive way the companies. The inflation and currencies rates have big influence.
We all use vehicles for transportation. People usually go to their desired destination either by driving their own cars or traveling in public transportation. Actually, it might be tough to choose that which one is the best selection for people to travel. Many people choose one of them according to their comfort while traveling and both of them have advantages and disadvantages in different conditions. Public transportation and driving own car both shares differences and similarities in many aspects, such as facility, cost, and comfort as well as traffic jam and accident occurrence.
Diversification of factors determines whether the marketing mix of the respective company can be standardized for all the customers or whether it needs to be adapted to suit to everyone’s different needs. These include socio/cultural, physical environment, demographic, technological, legal/political, and economic factors.
First of the difference between public transportation and private car is convenience in travel. There are many type of transportations that people can choose to travelling such as bus and van. People can save time to go work in morning and to back when they finished working. Even though, people have to go to work in a crowded bus, people can avoid and also less traffic jams from using their own car on the road. If they go to work or somewhere by private car, they will get serious when they get stick in their car for a long time. People do not have to find parking when they go out to work or shopping. Moreover, public transportation saves environment because it helps people decrease air pollution from using private car.
Rail transportation is a transportation in which for movement of people and goods which from one location to another destination. Rail had been takes the important role in physical and economic development of town and cities in a country and it was developed over the world. Rail transport can be made a property value in a country increase and it must be needs improvement in transportation network expanding (Goldberg, 1970). Thus, the railway services need to be done with continuous improvement and it is important to the rail passengers of the range and quality of facilities and service on stations and trains (Gleave, S. D., 2000). The future development to a public transportation is a key to affect