Essay Example on A PESTEL analysis is a tool used by marketers to Measure








International foundation program Global Business Environment  A PESTEL analysis is a tool used by marketers to measure and monitor the macro environmental factors that have an use full to an organisation China environmental factors Energy is one of the most important thing for manufacturing textiles China's textile industry uses a lot of energy and now it's being put under a lot of pressure for energy consumption Energy related greenhouse gas is raising concreters due to the negative impact to the environment In order to reduce greenhouse gas energy saving technology are on high demand WTO s statistics show that China is the biggest textile producer and exporter in the world since 1994 50 of the world's fibber production is occupied by china's textile industry The textile industry in now seen as traditional pillar in china But now the pressure has become a lot for china's textile industry to reduce it large amount of energy usage China might start to go green now and but since the demand of both domestic and foreign market is growing china's textile industry will continue its rapid growth in the future USA economic issues President Trump is questioning whether US s neglect in the importance of domestic manufacturing is good for the country or not Because it will increase manufacturing and increase job creation Which is good for the country's economy because this will increase taxes The NCTO agrees with president trump's new US trading surjection policy and they think it's time they look at the actual reality of the twenty first century s economy In the election of president Trump he brought about a big and dramatic change on trade President Trump also believe that NAFTA should be improved for having loopholes like tariff preference levels that benefits third party countries like china and if they close these types of mini mistake its will boost U S textile production and employment

Even though US s textile industry has stabilised a good place in the global economy they cannot get too comfortable because no matter how good they are now there will always be completion from abroad so they have to stay on their guards Legal sectors in India Legal environment is very important in the textile industry industrial licencing lows search as monopoly control foreign exchange regulations laws like this play a vital role in the industry of the textile industry in India The Indian government has introduced very strong labour laws which has caused the textile industry to suffer Traders in India have found labours laws unfavourable The government is charging higher indirect taxes In 1995 India signed an agreement that had policy similar to the international ones India can also try to get in the export market which has potential of earning about 34 billion export earnings by 2010 Which might help trader and the economy of India because it will bring in more taxes and income Social sector in turkey Social responsibilities Social responsibility is kind of agree meant that an organisation has to follow to minimise it negativity and increase its positivity in the society social responsibility of required from everyone from corporate to governments organisations The social responsibilities of an organization is also called a corporate social organization There are two types of social responsibilities human responsibilities and environmental responsibilities Human responsibilities mean the the responsibilities of a organization for all its ascites 

Also known as stakeholder and business parlance Environmental responsibilities are the responsibilities an organisation has to have to for the protection of the environment The point of social responsibilities is to make sure an organisation works in a way that the stakeholders are protected or are not badly affected badly in any way So that an organization should work in an ethical way to make sure all the associates are protected Textile farms are also expected to follow the rules of social responsibilities to keep all the parties associated safe and the environments However some organisations might choose to fulfil their social responsibilities a bit different from others for example they have fair solution policy for when employees get in a dispute making sure that the workplace is safe for the employees by giving employees an opportunity to complain and have a policy for their solution examples for the environment example organizations have to make sure they buy environmentally friendly supplies using eco friendly packaging and having a way to get rid of disposable west One other point of social responsibilities is to gain popularity Most companies now day are more focused on making their employees customers investors and the general public happy Ruther than just being in the business for the money that slowly becoming outdated

Write and Proofread Your Essay
With Noplag Writing Assistance App

Plagiarism Checker

Spell Checker

Virtual Writing Assistant

Grammar Checker

Citation Assistance

Smart Online Editor

Start Writing Now

Start Writing like a PRO