PEST analysis is an imperative strategy tool used for a company, mainly to oversee and assists in project management. PEST analysis stands for the political, economic, social and technological factors of an organization. This tool is used as an aspect of an organization's competitive strategy to analyze and assess the critical external factors that may positively or negatively impact the organization (Kadlubek, 2016). When a PEST analysis is performed, the external factors are analyzed and monitor the external marketing environment. A company may consist of several external factors that can bolster or impede the development of an organization; therefore, it is beneficial and more productive to subdivide the external analysis into more feasible segments (Frederick, Agnes and John, 2011). …show more content…
The purpose for this paper is to present the PEST analysis of United Postal Service (UPS), taking into account its potential power and future impact directions of the analyzed factors on its development. In addition, evaluate the company’s competitive readiness from external factors. The analysis will incorporate the political, economic, social, and technological patterns for a given market condition and a potential market. The PEST analysis procedure is generally comprised of three phases. The primary stage is centered on analyzing the most imperative factors of a company’s particular environmental sections, which has a pivotal effect or can fundamentally impact its
The PEST analysis helps to explain the critical factors in the organization's external environment. The factors include political, economic, social and technological. For Myer, these forces combine with the internal factors, and other external factors like competition. The Australian consumer goods retail market is worth $121 billion (IBISWorld, 2012) but is heavily fragmented. Myer is the third-largest company in the industry behind David Jones and Harvey Norman, but with $3.158 billion in sales holds just 2.6% market share (Myer 2011 Annual Report). This implies that competition is only one of many factors that can contribute to the company's results. This PEST analysis will help to identify the other major factors.
A PEST analysis is a business measurement tool. PEST analysis is simple and widely used tool in order to help you analyse and understanding market growth or decline in business environment. PEST analyse refer to Political, Economic, Social and Technological factors. These four factors can affect the organisation and the prevailing factors in the present scenario. The political arena has a powerful influence upon the regulations of business and the ability of expenses of consumer and other businesses. The economic environment factor is a direct influence on all businesses. As we know from our lesson in the marketing environment there is microenvironment, and internal environment is a microenvironment. The sociocultural environment shows that everything which in related with social and cultural within a nation or society. For example like the attitudes and opinions of consumer or the media views. Moreover, technological factor is refers to competing technology development. Nowadays, the advance and maturity of technology has a huge effect in business world either positively or negatively impact. PEST analysis identifying and analysing the external factors gives an overview of the universal conditions and
The United States Postal Service (USPS) is the most recent association making a move to abstain from getting its fingers smoldered with regards to hoverboards.
We live during a time where the world is at our fingertips. We live in a world where an apple is not just a fruit and a chip is not just something that we eat with a sandwich. Sliced bread is not the most amazing thing any more. The Unites States Postal Service (USPS) is becoming less and less of a necessity with the changes of America's needs. In order to keep up with the 21st century, the USPS needs to be reconstructed in order to meet the needs of a changing world by being accessible through the internet, being advertised more to the younger generation, and being more secure from theft and destruction.
All companies and organisations are affected by external influences intensively which affects factors as reputation and the sales of the company. External influences have a negative impact as well as negative impact. This essay will establish to assess at the external business environment of Debenhams. PEST analysis tool will be used in order to complete the assessment efficiently.
When applying for the United States Postal Service, I believe that there is great opportunity for growth and advancement over time. I am currently employed and have been with the same employer since 2004. With personality and loyalty to customers and employers, I honestly believe that working for the United States Postal Service would be a great opportunity for me. With room for change and growth I believe that I am a great candidate for many positions that the United States Postal Service has to offer. Change is what I am looking for, with a better opportunity for my future. I have experience with people, and have continued to grow in the customer service industry over the years. I believe that making someone’s experience positive wherever
“Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.” These words were scripted on the wall of one of the very first post offices in the United States. And, in the past, those very words rang true, starting with the very first man who inquired to the British about a postal service. The Pony Express was soon to follow. Many brave, young men rode across many miles of dangerous country, risking their own lives in order to deliver the mail to its final destination. Planes and trains came along soon after. And the United States Postal Service was booming. But nowadays many people seem to think that the United States Postal Service is running downhill. We all have something to thank them for whether it is a yearly birthday card, endless love letters, or our monthly paychecks.
In today’s society the technology of smartphones, tablets, and the easy access to social media has changed the way people connect. This has affected the United States Postal Service tremendously in the way people are choosing to pay their bills and send emails to each other on the internet instead of sending a post card. This has left USPS with many problems, which people believe that the Postal Service does not want to become a part of the digital communication, but that is not the case. The biggest problem as to why the Postal Service cannot be a part of the digital communication trend is because of the difficulty’s that they are facing with U.S. Congress.
There is evidence that as far back as 1943 the United States Post Office Department used a basic form of today postal zones system but it only covered the scope of a few certain large cities, The “Zone Improvement Plan” (ZIP) Code was officially launched in 1963; it’s a system of a postal district/zone numbers established to better handle increasing volumes of mail. The basic format consists of five decimal numerical digits. The first number in the code represents general geographic area of the nation, “0” in the East, moving to “9” in the West. The next two numbers represent regional areas, and the final two identify specific Post Offices.
The United States Postal Service (USPS) is a multifaceted firm. Its main goal is to create a web of communication between households, businesses and other organizations’ in the United States. This kind of service provides the foundation on which USPS sets its top priorities; customer value. Despite the fact that in today’s society, many people communicate through e-mail, telephone or social media, there are still quite a few people who don’t have access to these services or simply prefer the old way of communicating; with paper and pen. Therefore, USPS prides itself to always have specialized services for everyone, individuals that rely on the classic services of the postal service and individuals who enjoy keeping up with technology.
In today’s environment, it is extremely essential for retailers to embrace technology in the course of their businesses. This is mainly because a significant number of consumers can be attracted and accessed through technological measures. It is essential to appreciate the fact that data, infrastructure and e-commerce software form the basis of United Parcel Service’s technological superiority. All these tools play a pivotal role in supporting the company’s e-commerce strategy and the company’s business strategy as a whole. One of the key attributes of United Parcel Service is its commitment to investing in researching emerging technologies. This gives it an exceptionally competitive advantage. United Parcel Service (UPS) consistently seeks to embrace technologies that that enhance the company’s efficiency (Russell Baker, 2008). The company’s commitment to technological advancement made the company appear in InternetWeek’s top 100 companies in 2004 (Russell Baker, 2008). On the other hand, InfoWorld ranked the company as the seventh company with the most significant contribution to technological infrastructure.
With this in mind, the PESTEL model was developed to give researchers and practitioners a framework in which to consider the broader business environment. PESTEL stands for Political, Economic, Social, Technological, Environmental and Legal. Furthermore, a PESTEL analysis is a technique that evaluates the potential impact of political, economic, social, technological, environmental, legal factors on an organization. This set of factors represents a broad set of industry and environmental considerations that any organization should make when designing strategic goals
The PESTLE analysis is used to analyse the current and future predicaments of an industry that the organisation or business belongs to, thus helping to provide better strategic planning whilst gaining competitive superiority over competition. Significance of the factors that are included in the PESTLE analysis can vary depending on the market, organisation or business. For example:
PESTEL analysis is to identify and analyze the strategy and business environment, it is stand for Political, Economic, Social, Technological, Legal, and Environmental factors. This model is to assessing the current environment and potential changes. If
Every country has its own domestic market atmosphere, where they operate in the specific systems. In order to operate effectively and efficiently in new international markets, companies face number of opportunities and threats, therefore it is necessary to analyze the new market environment carefully to avoid potential risks and barriers. One of the common methods available to evaluate the external environment is PEST (Political, Economic, Social and Technological) analysis.