Assignment: Your Business Strategy in the Global Environment; Focus on your inno

Question

Assignment: Your Business Strategy in the Global Environment; Focus on your innovations and creativity in a global environment; You have just started a new business! This assignment have 3 parts, but is submitted in one paper. 1. First, tell me what your new business is. Do you provide a service, or a product? Define the business you have spent so much time dreaming of starting. 2. Next, develop a PEST Analysis using the template PEST -analysis-template-doc.doc 3. Finally, describe how you are going to grow this business in the global environment. Here are the requirements:    For Parts 1 and 3, develop a Word document and clearly label each section. Use APA formatting (no Abstract required) Focus on quality of writing and content, as opposed to length. For part 2, use the PEST Analysis Template. Your PEST analysis needs to be placed in an appendix section of this combined paper. Please give me something new that is not on chegg site Thanks You

Explanation / Answer

There is no Pest Analysis Template attached. i will still provide you with Business Startergy with PEST Analsysis.

Business Strategy in the Global Environment

Share & Earn.

A Firm with is build on belief of sharing. There are more than 20+ Items in common man household, which is not being used, and lying ideal. The platform is build on sharing it with other on lease and both owner and user both are happy and satisfied at the end of the day with the service.

The Service is been planned on Zero Inventory model where we being the company are providing a platform to share and deliver items from Owner to User at a Profit Margin, We provide Play stations, Games, TV, Laptops, Projector, Chairs, Bean Bags, Grills, Cameras, Go Pros, Cycles, Hiking gear etc as Major items which are been shared on leased.

This platform took over a year time to plan and execute. Very first thing was to get a tie-up with a Courier company which has a major presence in all Metros and negotiate fixed price for items with respect to its size and weight to make it more economical model to sustain for long term.

Then we approached all college students and provided them an opportunity to share and earn with stuff, which they don’t use. The shared the list of items which they don’t use frequently so the list which was build with specification was incredible, they shared there PS4 consoles, Books, Laptops& shoes which was when listed on out website and it ended up with huge demands with some small effort on promotion like OOH Media, News Papers, SEO and digital Marketing resulted a huge boost in Product Inventory and Sales too and we expanded to multiple cities and countries now. Till date we do not own any product inventory and earning the profits from service charge for our platform.

We just look in to product quality which is been posted on site and post usage quality of product so none of the users are in loss.

PEST Analysis

Political

Economic Factor

Social Factor

Technological Factor

Political

1. Tax Policy changes from Country to Country and state to state.
2. Legal Framework and Contract reinforcement.
3. Tariff related to services
4. Product legality in country and state.

Economic Factor

1. Government policy for leasing services
2. Economic Growth rate.
3. Unemployment rate
4. Rate of Interest

Social Factor

1. Demographic factors
2. Leisure Interest
3. Peer Groups

Technological Factor

1. Updating the inventory for new launched items.
2. Keeping system updated with new technology.
3. App based module.

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