Business Environment Assignment : Hungary Jack

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Added on 2021-04-17

Business Environment Assignment : Hungary Jack

Added on 2021-04-17

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BUSINESSENVIRONMENT

1ContentsPEST Analysis of Hungary Jack............................................................................................................2REFERENCES......................................................................................................................................4

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2PEST Analysis of Hungary JackHungary jack is one of the biggest fast food companies in Australia. They are the secondlargest franchise of Burger King Corporation and a subsidiary of Competitive FoodsAustralia (Hungary Jack, 2018). This company is known for its high quality burgers served intheir stores all around Australia.It is essential for the company to understand its external environment for making their growthmuch smoother (O'Kane, 2012). This can be done through PEST analysis.Political: Political environment of Australia is highly stable and hence it provides support tothe operations of the firms like Hungary Jack (Hungary Jack, 2018). In the Queensland regionof Australia the government policies have been highly in favour of the company. HungaryJack need to make sure that they are doing greener business especially in terms of their wastemanagement as the government of Australia is becoming very stiff in terms of theirenvironmental policies. New government has also promoted the companies that are wellestablished in many regions of the nation. The national policy for development of foodindustry is helping the cited firm in their expansion. Australia has also good political ties withother countries of the world. This will help Hungary Jack in importing of the raw materialsfrom other parts of the world at lower prices.Economic: Australia is a developed nation and the economic condition of the country is alsostable as compared to other regions of the world. In the Queensland region of the country thegovernment has pumped a lot on the infrastructure which has helped companies in makingtheir business operations smoother. Hungary Jack also has a large amount of cash balancewhich can help them in making investments. Due to its parent company it has a large amountof investors present with them who can help them in the time of financial crisis. In various

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