ework is a means to look at the outside environment of a business to determine T
ID: 1143403 • Letter: E
Question
ework is a means to look at the outside environment of a business to determine The PESTEL fram what elements are likely to have current or potential effects on the range future. and related products-and applying the six tools. Below, tell what each of the the framework are (i.e., one for each letter of PESTEL), then how need not know details in reality of the Vape shop's environment. The idea is to show you know the PESTEL tools and what they mean. Thus, even if you speculate on any or all of the exact effects, your answer needs to show that you know what the tool is and what it means. 2. firm's immediate or longer- Let's suppose we're looking at a Vape shop-a shop that sells electronic cigarettes it could apply to the shop. You An example: Socio-cultural: if it is definitively determined that "vaping" (smoking these e- cigarettes) causes specific health damage to children from second-hand smoke, the media pushes the story and people turn against the product, stop buying it, and put strong pressure on those still smoking not to do so. This example gives you one of the six tools. If you'd like to get credit for that one also, simply think of another socio-cultural effect, or possible effect.Explanation / Answer
PEST analysis tool is a measurement tool which helps to understand the market for a specific product or a business at a given period of time. PEST means Political,Economic, Social, and Technological factors. In order to take better business decisions, an organization needs to analyze the PEST factors. Before doing any business it is necessary to think about it's various influences on society, such as political,social,economic and technology.
Political Effects of Vaping : People need to vote politicians who wants to ban vaping, which in turn control the production of vaping and reduce the mortality rate due to vaping. But politicians are not interested to ban vaping, rather they are more interested to raise revenue from it. They are banning smoking indirectly by putting advertisements on the normal cigars, E-cigarette and other narcotic items. There is also ban on smoking in public places. But it is of no use, people are still smoking in public places. Even the rate of smoking has increased in many states and in many countries also. Only for public perception it has been declared that smoking rate has gone down.
Government along with pharmaceutical industry are responsible for increasing rate of mortality due to smoking.
Economic Effect : A major income is coming from narcotic products, government and major industries are depending on revenues that are coming out of smoking and used for the free health care service or other free services to people. If the cigarette production is banned then these people will loose a huge amount of money which was diverted to the well being of people. But the impact of vaping on people's health is very dangerous. People are suffering from different cardiac diseases and heading to a path of early death. To handle this situation many countries are imposing heavy taxes on cigarettes and other narcotic products and also supports a ban on these products.
Social Effects : Environmental Tobacco Smoke may have social impacts but second- hand vapour doesn't have any health impact, also doesn't have any environmental impact. As there is no toxic ingredients present in exhaled vapour. But high doses of vapour is harmful. The presence of vapour in the atmosphere is for a short time, it disappears very quickly, so impact of smoke is reduced to those who are with the vaping consumer. But regular contact with vaping people is not good for health. It should be avoided.
Technology : In today's world technology is growing with same pace as the population. It is difficult to think of a western world without vaping and cigarettes. Tobacco industries are growing day-by-day to fulfill the luxurious lifestyle of people. Vapers will continue vaping as long as they have money. In some countries vaping symbolizes high status, to maintain status people specially young generations are more approaching to vaping.
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