In these agreements, foreign firms can increase their competitiveness in developed countries like the United States. The number of IT users is increasing day by day and they use smart phones for different purposes.
Legal Factors The spread of IT industry needs implication of some necessary rules and regulations, which can make its use regular and under law. These factors greatly affect how businesses operate and make decisions. In recent years, Apple has branched out into entertainment and information services.
The cost of finding alternatives to Chinese manufacturing could be high for Apple. Furthermore, companies may change various management strategies to adapt to social trends caused from this such as recruiting older workers.
This presents an even larger market for many companies who use the Pest analysis technology industry to connect with their customers. Apple has a very unique business model in which it writes and designs proprietary software and offers its own operating system for all of its devices.
There are many different examples of technological factors which affect business, visible in companies from Apple to Starbucks. IT technology is used in almost all important departments and fields of life.
These factors can affect how a company operates, its costs, and the demand for its products. On the other hand, the stable demand for high quality customer service creates opportunities for the company to improve its customer support activities. Potential Impact of Economic Factors on Apple Increased labor costs in China could take away the cost advantage of some Apple products.
For example, the company can improve its sales and marketing investments in Europe to achieve a corresponding increase in revenues. The company also has an opportunity to enhance its products to help client organizations reduce their consumption of energy through more energy-efficient computing technologies.
Jim Makos, director at Weberiencethe digital publishing, web development and marketing company behind the Pestle Analysis website, says PEST can help companies improve their decision-making and timing.
Demographic factors include gender, age, ethnicity, knowledge of languages, disabilities, mobility, home ownership, employment status, religious belief or practice, culture and tradition, living standards and income level.
In the case of Microsoft, the following political external factors are significant in strategic decision-making: It becomes dangerous to put the smart phone in pocket as it can vibrate and its vibration can be threat for hearts, stomach and mental problems.PEST analysis (political, technology incentives and the rate of technological change.
These can determine barriers to entry, minimum efficient production level and influence the outsourcing decisions. The model's factors will vary in importance to a given company based on its industry.
PESTLE-PESTEL Analysis of IT industry. by adamkasi | Apr 18, | Industries | 0 comments. IT technology is used in almost all important departments and fields of life. The development and research work in IT industry has affected the life of common people and new equipments and tools are used in IT technology.
PESTLE analysis of IT. The Apple PESTLE analysis reveals the challenges that the tech company needs to take up to thrive and propel its revenue growth for decades to come. We are using the term information technology or IT to refer to an entire industry. In actuality, information technology is the use of computers and software to manage information.
Another extension of the IT industry is the ITES (Information Technology Enabled Services) which is a sector dependent on IT sector. PESTLE ANALYSIS. A PEST analysis looks at how external factors can affect a business's activities and performance.
Here's how to create and use one. As identified in this external analysis through the PESTEL/PESTLE Analysis model, the opportunities in the industry environment should be adequate for Microsoft to continue as one of the major firms in the global computer technology industry.Download