Stationary Businesses do not operate in a vacuum. The stationary business world is dynamic and to achieve competitive edge we should need to understand the dynamics of stationary industry and business . Our Organizations face problems from external factors which can affect products, policies, people and profits. To understand and evaluate external factors, we undertake what is called a PESTEC Analysis. * Political factors that affect businesses include new legislation such as the national minimum wage and setting tax rates such as VAT or Corporation Tax. * Effect of new legislation and laws on Stationary business new legislation like national minimum wage, change in political situation in a country does not affect directly our business butt in some extent we loss the profitability. new laws like change in syllabus greatly affect our business like if course and syllabus change, stock of books and relevant course becomes unuseful in a result stationary business got high losses * Effects of taxes
although taxes does not greatly affect our business but in some extent with a whole industry we also little bit disturbe due to change in taxation law there is no extra sales tax on stationary business
* Government organisation / attitude and trends
attitude of organization also greatly affect our business for example in currently most of the schools systems introduces their own products like register, notebooks and all relevant product and services( we make strategic alliance with school system to provide the products and services) * International trade regulation
international trade regulation greatly affect our business. Like shortage of raw material for paper will greatly affect the stationary industry which result in increase in prices * Economic factors that affect firms are inflation and unemployment, interest rates and exchange rates (if importing or exporting goods abroad). * Monetary policy (interest rates)...
Please join StudyMode to read the full document