ipl-logo

Steeple Model: External Environment In Business World

702 Words3 Pages

Blessing Phiri E3658965
B100
TMA 01
Q1. Steeple model
Steeple model is a tool which measures or analyse external environment in business world. Steeple model can also work as a guideline or a monitor which enables businesses to make changes according to external environment changes. Steeple Model is also a good tool to use before you start a business or trying to venture in a different direction in business. See fig 1 below.
Fig 1. Source: Pestle analysis Steep and Steeple analysis (online) available at http://pestleanalysis.com/steep-and-steeple-analysis/ Accessed (30/10/2015)
Political factors:
Examples
• New law and policies or legislation being implemented by the government which businesses have to comply with and what impact …show more content…

Social factors:
Examples
• Demographic statistics changes ,culture shift ,changes in age groups and locations students populations , baby boom for example in Chinese calendar year of the dragon many kids are born that could work as advantage for businesses making kids accessories

As we can see above Steeple model plays a great role in different dimension of business overall, pre planning or market research small or large organisation public or private sector steeple model is the tool to use.
Q.2
Environmental factor
Elder flower has a considerable high demand within the market, however Speers is dreaming for a long hot summer which is not by any means forecasted having had 2 worst summers. Based on the current competition rate, Speers feels like it’s the right time to make elder flower one of Bottle’s top seller which would turn into a bigger turnover however For a small company which has single big retailer to supply, Bottle green needs to co-operate and built its level strategy that is to find other means to grow looking into different markets and having a fare to raise awareness of wide range …show more content…

Economic factor is the strongest influence; Bottle green owes about 9 million they will need to find ways of way paying off their loan without making a loss in the process

Environmental Factor has another strongest influence on Bottle Green, good weather brings sales up especially when running a drink based business, given the fact that elderflowers are produced from their own farm in Gloucestershire which is cost effective as others import from other countries, as a result, a good summer would only stand in their way moreover it could be right time to market their Bottle green elderflower local and internationally.

Q4

My suggestions for Bottle Green are:
• Thoroughly look into Legal factors assessing competition levels from other competitors
• Try out expect suggestions to cut cost and paying back the loan
• Market research online
• Raise enough money enough to boost branding
• Use cheaper marketing approach by liaising with current bigger retailer to arrange free testing counters
• Engaging more with current customers to promote word of mouth

Show More
Related
1012 Words | 5 Pages

TRADER JOE’S – INDUVIDUAL ASSIGNMENT 1 Part 1 – Introduction What Joe Coulombe did was opening an ordinary supermarket into the industry but the strategies he took were separating the Trader Joe’s from its rivals. What he did was to offer products targeting sophisticated costumers who were searching for good bargains. The offerings of Trader Joe’s were so unique which are not found at rival shelfs. Another crucial decision he made was to take advantage of recent environmental movements such as the rising trend of costumers searching organic foods. The company also decided on selling private labelled products with lower prices than other brands of the same product.

Read More
984 Words | 4 Pages

Diversification in raw material suppliers insures that Grandma’s will not be dependent on a single source. Grandma’s utilizes five bonded public warehouses that specialize in food and confectionery storage, selection based on: proximity to customers, ability to provide prompt customer service and efficient and economic delivery. Grandma’s takes the stress of consistency in supplying due to environmental factors off the suppliers through consciously choosing to diversify their supplier network. Grandma’s does not limit the sales of similar products produced by their manufacturer suppliers entirely, these suppliers can still sell to any nation other than the USA. This allows these manufacturer supplies leeway to make additional capital off of excess products produced.

Read More
1153 Words | 5 Pages

It has been determined that staying in the United States at the Temecula plant in California will be the best decision for Scotts Miracle-Gro financially and with regards to their image and product quality. INTRODUCTION: • The comparatively high plant cost and labour cost created intense pressure on Scotts -Miracle Gro to look for alternatives – outsource/offshore the production to low waging countries like china • The purpose of this report is to evaluate available options by performing Qualitative analysis (risks/benefit analysis) and Quantitative & sensitivity analysis. Finally, it is recommended that Scott-Miracle Gro should maintain operation at Temecula plant.

Read More
1405 Words | 6 Pages

Market size: this factor has great effect of the Crescent pure product according to the market research the market for energy drink is growing 40%, in the year 2010 to 2012, and its revenue forecasted from 2013, is $8.5 billion to $ 13.5 billion in 2018.It’s means gap for the further potential is prevail, in this situation the company should position in such away which is new for the customers. Consumer Perception: this factor also affects the positioning of the product because with the help of this factor firm know the behavior of customers about the product. If we look to the example of Crescent they have low price strategy over the rivalry, some consumer said that this low quality product. Brand reliability is the factors which inspiration the crescent positioning approach, alteration in the brand can result in change of product

Read More
1380 Words | 6 Pages

Case: Trade restrictions, increased quotas, tariffs, safeguards, embargoes, U.S Labor strike, customs restrictions against apparel items, boycotts, and work stoppages increases the cost and reduces the supply of apparel available to the USA and affects the business adversely, operation and financial conditions. The products that are produced and

Read More
860 Words | 4 Pages

Pestle Analysis Political Factor Eataly operates in global environment with their operation spread all around the globe; the operation of the company is influenced strongly by political situation of the country where they are doing business. As Eataly have flexible policies to adjust in an unstable economy (Reijers & Mansar, 2005). Economic Factors The entire planet has witnessed the economic decline and hence the characteristic of purchasing products has been greatly affected all companies without exception Eataly. In addition, the income level of Europe is relatively uneven which makes some people fail to pay for products offered by the company (Chaffey, 2009).

Read More
1718 Words | 7 Pages

The temporary character of competitiveness, which can be lowered anytime. 4. The massive spending on technological advances. 5. The brand image misconception in which low prices are usually associated with low quality product.

Read More
790 Words | 4 Pages

The price of raw materials is high with low consumer switching cost. However, the increasing demand for healthy and organic food is creating openings for smaller competitors to enter and hide from the pricing

Read More
726 Words | 3 Pages

Political factor Political factor is affected by the policies of local, national and international government. It looks at how government regulations and legal issues impact ability of company to be profitable and successful. It is also influenced by company policies and those of stakeholders, shareholders, managers, employees and trade unions. The checklist of issues of political factors include: tax policies, trade regulations, political stability, social and environmental policy, government and local government policies (Harrison, 2010). 2.

Read More
1409 Words | 6 Pages

Introduction  There are many factors which shape health and safety at work and safety culture is one of them. The purpose of this paper is to explore that factors surround safety culture in an organization.  Safety culture can be define as internal and external factors which may impact an organisation negatively or positively. Some of those impact can be influence by management commitment, communication, production service demand, competence and employee representative Hughes and Ferrett, (2009).These internal factors can be portrayed differently in business and organisation because of their agenda-setting. Reason for this is that every company has what it would like to accomplish on a daily basis and some of those internal factors can influence the

Read More
1406 Words | 6 Pages

Other Environment factors include Political, Legal, Economic, Socio culture factors etc. After Saudi Arabia, UAE is the second largest automobile Industry in the GCC. Cars account to 80 percent of the U.A.E. Trucks, vans and buses accounting the rest of the 20 percent. POLITICAL Government activities which influences the operations of an organization or business Entrepreneurs and managers give careful consideration to the political condition to determine how government activities will influence their organization.

Read More
724 Words | 3 Pages

POLITICAL Political factors can often give a big impact on the business of a company. Often this factor is not in the hand of the organization. Several aspects of government policies can make a huge difference. However, all firls are required to follow the law. It is the responsibility of the organization to find how upcoming legislations can affect their activities.

Read More
2958 Words | 12 Pages

Distell group limited was founded in 2000. It is producer, distributor and market of wine, spirit and alcohol beverages. Distell was formed by the merger of Stellenbosch Farmers’ Winery (SFW) and Distillers Corporation Distell is a great company rooted in South Africa, crafting leading liquor brands for people to enjoy responsibly at every occasion all over the world. South African distribution network consists of 20 depots situated in all regions of the country. Its head ofices are situated in Stellenbosch in the Western Cape.

Read More
709 Words | 3 Pages

PESTLE analysis is include of political, economic, social, technological, legal and environmental factors. PESTLE is a business tool that used by companies to track and analyse the macro environment in which the company operate. This tool is very useful which help in overall growth and development of organization after learning from the past mistake and working for future. The first factor is political factor which include such as law of land, taxation policies, rules and regulation, trade restriction and so on.

Read More
1245 Words | 5 Pages

The elements cannot be controlled, their effects can be diminished with careful preparation and anticipation (Lewis, 2017). These external dynamics cannot be underestimated, overlooked, or avoided as laws, policy, and regulations change, the economy fluctuates and disposable income varies, and societal views continue to evolve around the globe. These external factors can be mitigated to limit their impact within an organization to some degree by comprehensive strategic forecasting and flexibility. Therefore, let’s take a closer look at some of the political factors impacting the hospitality industry.

Read More

More about Steeple Model: External Environment In Business World

Related Topics

Open Document