This presentation provides a detailed analysis of the internal and external factors affecting Admiral Sports, including a PESTLE and SWOT analysis. It also offers recommendations for expansion and growth, such as expanding to China and increasing product quality.
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BUSINESS AND THE BUSINESS ENVIRONMENT
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Table of content •Pestle analysis •Swot analysis •Critically analysis of internal and external factors •Recommendation •Conclusion •References
PESTLE analysis of Admiral sports •Political factor- •It has been analysed that political stability of the firm is already good in order to maintain for the insurance sector. •Financial sector the level of corruption is increased day by day. •Taxations rates and incentives are affect the organisation.
Continue… •Economic factor- •Productivity and labour costs are impacted the organisation. •Increasing in unemployment rate •Investment opportunity available in the open market. •It helps to increases the level of skill labour in insurance industry.
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Continue… •Social factors- •Leisureinterest impacted on Admiral group •Skill and demographic are different according to different countries. •Power structure, hierarchy and class structure are changed to due many factors.
Continue… •Technological factor- •Increasing in rate of technology •Competitors have advanced technological equipment •Globalisation impacted for low margin.
Continue… •Legal factor- •Intellectual and patent law are changed •Law regarding safety of employees •Legal complexities faced by organisation that are related to e- commerce and consumers protections law
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Continue… •Environmental factor- •Change in climate •Law regarding environmental pollution •Waste management in the financial sector
Swot analysis of Admiral sports •Strength- •The main strength of the company is to get good return from the capital expenditure which are help to get successful in the early age and still it is working well for the organisation still it is working well for the company by starting new stream for generating revenue.
Continue… •Weakness- •Here is some of the weakness that affect the organisations structure just because it is compatible with other business model. •The financial planning was not done efficiently and effectively so that the current ratio and liquid asset has disturb the cash distribution that need to be efficient.
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Continue… •Threat- •New environment regulation of the year 2016 under Paris can be the threat for the certain products and in the intense competition it increases the player in the last two years that has put downward pressure impacted on profitability as well as overall sales.
Continue… •Opportunity- •There are different types of environmental policies are created by the organisation that can be seen as the great opportunity because it helps to have advantages in the new market category.
Critical analysis of both the external and internal factors •It has been critically analysed that there are advantages and disadvantages for the organisation in order to consider internal and external factors for the target market. •The main strength of the Admiral Group Plc is to core competencies which are help to expand the sports business in other countries.
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Recommendation •It has been recommended that Admiral sports can expand the business to China as well ase- commerce platforms. •It has the opportunity of increasing the product line by manufacturing Kids sports wear. •To get customer benefit it is necessary to more focus on increasing the product quality. •Also, Admiral group can increasing the market share by providing different categories of products.
CONCLUSION •It has been concluded that Admiral group has large number of customer that help to maintain good brand image. •Also, some of the political factor are help to attract investors so that it can expands the business to China. •To overcome the problem of unemployment it will more focus on health and safety of employees so that its helps to cooperate with labour market.
References •Christodoulou, A. and Cullinane, K., 2019. Identifying the main opportunities and challenges from the implementation of a port energy management system: A SWOT/PESTLE analysis. Sustainability. 11(21). p.6046. •Gupta, A., Gupta, N. and Gupta, M., 2019. British Airways-A SWOT and PESTLE Analysis-The impact of Europe 2020 policy. NOLEGEIN-Journal of Corporate & Business Laws. 1(1). pp.1-11.
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