Please enable JavaScript.
Coggle requires JavaScript to display documents.
PESTLE (Social (Consumer Tastes - The consumers can have a effect on the…
PESTLE
Social
Consumer Tastes - The consumers can have a effect on the business because if the public don't want to buy the goods from a shop then the shops can’t make money also the shop won't make a big enough profit to run the shop.
Education - Another way a business can be affected by education is if people who get recruited are not trained therefore businesses will have to pay money to give training to its employees which will cost the company.
Demographic Change - immigration is a problem because of the businesses will be getting cheap workers and not skilled workers. Immigration population will go down because of brexit so the companies will have to pay workers more.
Changing Lifestyles - This can cause a smaller and less willing workforce which will then increase the costs of labour.
Environmental
The impacts on the business would be the same as child labour due to the fact that they are very similar they still are exploiting their workers
Choosing Suppliers - When choosing suppliers the businesses need to take many things into consideration like whether the supplies are fair trade so the farmer they are getting the supplies from are getting the amount of money they deserve.
Child Labour - If a business was to use children as their workers they would save money because they do not have to pay the children fairly.
-
Political
Labour Laws - law relating to the rights and responsibilities of workers.Labour law is the relationship between workers, employing entities, trade unions and the government.
Infrastructure - is the basic physical systems of a business or nation; transportation, communication, sewage, water and electric systems are all examples. This can affect the stated businesses because the government will act on what the business does.
Brexit - Brexit is a commonly used term for the withdrawal from the European Union of the United Kingdom. A majority voted to to leave the European Union.
Tax Policy - Tax policy is the choice by a government as to what taxes to levy, in what amounts, and on whom.
Technological
Efficiency - Efficiency is the choice of using efficient raw materials with human input or technological uses with no human input, the advantages of human input and using raw material
Organisational Change - Managing organizational change is the process of planning and implementing change in organizations in such a way as to minimize employee resistance and cost
Automation - Business processes can be determined for many different segments of company activities, including sales, management, operations, supply chain, human resources and information technology.
Internet Connectivity - some businesses have IPads to send in orders to the kitchen, or automated computers, which need good Internet connectivity, because It helps customer service within a business.
Legal
Employment Law - All employees should not be paid under the minimum wage. They should not work over 48 hours a week and if you are under 18 you can only work 40 hours a week. If you work 5 days a week you are entitled to 28 days of annual leave. The minimum wage for 25s and over is £7.50.
Copyright Law - A major limitation on copyright is that copyright protects only the original expression of ideas. For example if an employee copies another businesses idea they could get sued.
Health & Safety Law - f the employees are not treated right it can affect the business as the employees can resign their job as they do not feel safe.
Consumer Law - For example, consumer law results in large companies having to dedicate a fair amount of their resources into putting out detailed information about their products.
Economic
Inflation - An example of recent inflation is brexit where the money we own loses value so to make up for this businesses have increased the price of certain goods.
Exchange Rates - Exchange rates can affect the business because it can affect the costs when the business is exporting and importing goods from suppliers.
Interest Rates - When interest rates are low its also better for companies to take out loans as they don't have to pay much extra money back. When interest rates are high less people will spend their money because its better for them to save it.
Consumer Spending - Consumer spending can affect the business because if consumers pay more for their income tax they will have less money to purchase other items.