Pest Analysis for market occupying Essay

Pest psycho abridgmentThe following pest analysis has been created for three markets separately. Pest analysis stands for political, economic, socio-cultural and technological environment. Use of the pest analysis guides our company to work according to the changes fetching place in these categories. merely good use of the analysis assist the company to avoid taking action that is condemned to failure from the outset, for reason beyond its control. The following is a pest analysis created for the market occupying Dubai and capital of the United Kingdom.Socio-cultural there is vast cultural difference in regard to locals in these countries. Both the countries population consists of various other nationalities. Dubai and capital of the United Kingdom has tolerance of other religions and burnish. Population density capital of the United Kingdom (12,450/sq mi (4,807/km2), Dubai 408.18/km2 (1,057/sq mi). semipoliticalLegal and regulative bodiesBoth the countries share strict aviati on ground regulation and laws. Regulatory clay for capital of the United Kingdom CAA (civil aviation authority) Regulatory body for Dubai DCAA (Dubai Civil aviation Authority) There is no such political appointment in this market, which makes business between these two countries quite versatile. foodstuff Dubai and capital of the United KingdomEconomicalcapital of the United Kingdom Gross Domestic Product (gross domestic product) increased 0.8 per penny Dubai finance official predicts the UAE economy will top US$272 million (S$361 billion)- 2010 Foreign exchange market Pound sterling- 12.9% (daily share). Londons largest assiduity is finance. Tourism is one of Londons prime industries. Dubai is also an external financial centre and has been ranked 37th.TechnologicalDubais industry egression had given way for technological advancement. Use oftechnology has increased London based companies in Dubai. London has various companies advising on the use of pertly technologies to oth er companies. Airlines based in Dubai use advanced technology to moderate 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 different 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 established business link, which is an receipts to the aviation industry.PoliticalLegal and regulative bodiesDubais aviation regulatory body DCAA (Dubai Civil aviation Authority), Hong Kong Civil Aviation Administration of China. administration of Hong Kong Non-sovereign partial democracy with unelected executive. Hong Kong continues to follow the English Common Law customs duty 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 GDP growth rate economy is expected to grow 5 part in 2010, may shrink 2 percent this year. Unemployment 4.3% (July 2010). Main exports partners China, US and Japan.TechnologicalDubais industry growth has given way for technological advancement. The Innovation and applied science Commission (ITC) in Hong Kong supports appliedresearch and breeding (R&D) and technology ship and application. Hong Kong has seen a rise in technological advancement which has contributed to economic and complaisant 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) course oriented, working clas s, low level of death rate.TechnologicalThe Innovation and Technology Commission (ITC) in Hong Kong supports applied research and development (R&D) 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 about 8000 employees.EconomicalThe Hong Kong Stock Exchange is the 6th largest in the world. London is a major financial centre for international business and commerce. Public 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 barbarian unemployment rate fell 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 bare trade policy and hencemaintains basically no barriers on trade. There a re various laws and regulations implied on businesses being set up in London, even for trading as well.