Some approaches will add in extra factors, such as International, or remove some to reduce it to PEST. E Analysis is same as the macro environment analysis but used the acronym P. Barcoding and computerized billing systems have improved the retail industry by allowing retailers to develop new processes that increase efficiency.
Unlike the micro environment of a retail store, companies in the retail industry usually cannot influence or change the macro environment and must adapt to changes as they arise.
Those who sell same or similar products and services as your organisation are your market competition, and they way they sell needs to be taken into account. If the product the organisation produces is taken to market by 3rd party resellers or market intermediaries such as retailers, wholesalers, etc.
Political USA has a strong democratic setup and effective rule of law, with elections that are considered fair and transparent. If an election is approaching you may look at the variation in policies from each party and assess the impacts on your industry of each parties viewpoint Economic Trends: How does their price and product differentiation impact you?
Networking with senior leaders in your industry Networking with political parities Source strategic analysis information prepared for your industry typically by a third party provider Normally through subscription Read the financial papers Read management magazines Surf the Web for trends Note: Retired persons are the largest segment who buys caravans.
Your organisation has a duty to satisfy the public. Political and legal forces: Social Like most developed countries, the US faces the problem of an aging population which can lead to a serious labor shortage and rising tax rates in the future.
Since its inception, the country has been leading in terms of adapting and applying technology.
Something may be ethical but not protected by law, whereas otheractivities may not be ethical, but are legal. Technology Innovation and technology are the cornerstones of the US economy.
The macro technological environment analysis will identify changes in the application of technology and uptake of technology. Point-of-sale systems increase sales by allowing retailers to process cash, check, credit- and debit-card payments.
The macro environment includes economic, technological, societal and governmental influences. Managing Change Macro Environment Analysis The Macro Environment Analysis is the first step of a strategic analysis which in turn kicks off the traditional; strategic planning cycle; it is sometimes referred to as an external analysis, a pest analysis or a pestle analysis.
How can you leverage this to reap better results and get ahead of them? They may include demographics, age distribution, population growth rates, level of education, distribution of wealth and social classes, living conditions and lifestyle.
Additionally, increasing illegal immigration is another concern, as there are currently more than In this scenario you need to determine which trend will have the largest impact.
A majority of the population has a liberal mindset, but rising racial intolerance is a serious concern. The final step of the macro environmental analysis is to summarize the identified opportunities and threats and determine if you should expect growth, stability or decline in the size of your industry.
Technological advancements such as the internet offer retail customers additional shopping options. Employment Employment levels in the United States are measured by the Bureau of Labor Statistics, which releases a monthly report on increases in business payrolls and the status of the unemployment rate.
For example the increase in retired persons should result in the caravan industry growing in size, however a drop in share values will see retired people with less disposable income.
The Role of Government Laws, regulations and other government policies can have a number of positive or negative effects on the retail industry. A current example is a shift towards online transactions and in some areas a shift away from online transactions.
Refresh The United States of America is the third most populous country in the world, and the fourth largest by total area. The Bureau of Economic Analysis releases a quarterly report on GDP growth that provides a broad overview of the output of goods and services across all sectors.
A retailer must understand the role of each to compete within the retail industry.A PEST analysis of USA with detailed descriptions of the political and other factors that are affecting the external macro environment of the country.
Menu. What is PESTLE Analysis? PEST Analysis. PEST Examples; PEST Templates; Please consider supporting us by disabling your ad blocker. INFLUENCE OF MACRO-ENVIRONMENTAL FACTORS TO THE PROCESS The Phase 2 describes the increase of domestic market penetration to strengthen the market position.
The aim of the next phase during expansion is the about the macro-economic environment as. The Impact Of Micro and Macro Environment Factors on Marketing The resellers: If the product the organisation produces is taken to market by 3 rd party resellers or market intermediaries such as retailers, wholesalers, Cookies help us deliver our services.
Macro-Environmental Analysis. Let us write you a custom essay sample on in terms of political factors. As its market share is spread evenly across Europe, Mars benefits a lot from the trading agreements, including EEC, EC, EEA, as they further lower the tariff and create customs union (Brooks & Weatherston, ).
Movie Music Othello. Macro-Environmental Analysis of US Market Clothing & Fashion Industry Demographic Forces Current Population Size , Population Density inhabitants per square mile. Macro Environmental Analysis of the Indian FMCG Market.
Print Reference this. Published: 23rd March, Macro environmental opportunities: The FMCG market of India divided into two sectors the organized sector and the unorganized sector.
The organized sector has only few Indian companies and MNCS whereas the unorganized sector is crowded.Download