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STEEPLE - Coggle Diagram
STEEPLE
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Economic
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Government's key economic objectives: control inflation, reduce unemployment, economic growth and a healthy international trade balance
In Case Study
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1/4 of employees left after the H4 PLC takeover by SVT - increased unemployment - however, average age of 61
Achieved economies of scale after SVT undertook a modernisation and recognition programme with its new takeover H4
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between 2005 and 2010 SVTs share price rose by 65% - annual profits double --> increased dividends each year
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Political
In the case study
has desalination plants in China, Saudi Arabia, UAE and India - political situations are complicated
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Legal
the government imposes rules, regulations and laws to ensure that the general public is protected from adverse business acitivity, government intervention can also protect the interest of the business
in case study
competition legislation
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SVT has a regional monopoly in each countries in which it operates. laws ensure that anti-competitive practices are prohibited to protect customers and smaller businesses against firms with monopoly power. the government takes action against businesses deemed to be acting against the public interests such as large firms charging unjustifiably high prices
Ethics
set of moral principles that guides a company's conduct. these principles govern every aspect of the company's operations, including its interaction with the government and other businesses, its treatment of its employees and its relationships with its customer
in case study
H4 manufacturing SVTs first wind turbine - used to product renewable electricity without burning fossil fuels - to mitigate the adverse effects of climate change - displays that SVT is aware of the threat of climate change
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