PEST Analysis of Sony Essay
Pest analysis is another marketing tool. Pest analysis examines the changes in the marketplace caused by political, economic, social and technological factors.
Political factors changes involve one party to another who are in control. For example rises in private healthcare and privatisations, which is under the conservative government.
Economic factors changes include changes such as a recession creating activity at the lower ends of the product price ranges. Also for instance the rate of interest rates rising depressing businesses, causing redundancies and lower spending levels
Social factors changes include changing lifestyles and attitudes. The increase in women leaving work. , Also leading …show more content…
Meaning it is a good time for Sony to expand the business further.
Analysed from statistics unemployment rates have decreased each year from 1998 to 2002. From the rates in 1998 it can be identified judging from the average rate it has decreased by 1.1%.
The fall in unemployment rates may cause Sony some problems in the process of recruiting new employees in to the business. Exchange rate each year has decreased despite in the final year 2001 and 2002 the exchange has increased by 0.6% summing the average to 1.5. Inflation rates over the period of 2000 to 2003 have decreased each year.
Exchange rate each year has decreased despite in the final year 2001 and 2002 the exchange has increased by 0.6% summing the average to
1.5. Inflation rates over the period of 2000 to 2003 have decreased each year.
Social factors include the demographic and cultural aspects of the external environment. The social and cultural influences of Sony vary from country to country. These factors affect Sony customers needs and size of potential markets.
Social factors include health consciousness of customers, customers health rates my be decreasing meaning les customers within Sony. The population of growth can affect Sony as the most increasing ages begin