This essay provides a PESTLE analysis of High Tech H20 in Australia, covering political, economic, social, technological, legal, and environmental factors affecting the company's growth potential.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
MANAGEMENT
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Introduction This short essay brings out macro environmental analysis of High Tech H20 and its various products. For macro environmental analysis, PESTEL analysis has been used. PESTLE analysis Political factors- political factors refer to government policy that affect the business decision making. Australia is very safe country for the investment purpose. The political conditions are open to investment, stable, progressive, and have high degree of certainty. Political system is assessed as to measure high effectiveness while responding to high level of certainty (Aithal, 2016). For international trading, the country is excessively dependent on China, Japan, UK, US, and other European countries. To manufacture these bottles, the company need to beat their steel metal to form large sheets to manufacture bottle (The conversation, 2017). Therefore, the company undertake the metal policies such as low commoditypriceshavereducedtheflowofnewcapitalinvestmentandthecapital expenditure reduced in the existing projects. Economic factors- The income level of people living in Australia is high with high living standards.Theeconomyhasgrownby2.4percentin2017(Letts,2018).Vehicles, machinery, electric equipment, furniture, precious metals are some of the important imported products. People with high living standard demand for more health conscious hacks that can enable them to provide pure water by killing 99.99 percent bacteria. Moreover, iron ore, natural gas, wheat, beef, and financial services, copper are top exports of the country. This indicates that Australia is a large mix economy (How and what, 2018). Other than recent decline in the mining sector, Australian economy remained strong and stable. Other than robust economic performance, Australia faces severe challenges, which are related to income disparity that can hinder the economic growth.
Social factors- Australia is among one of the best country when measured in terms of education, health, quality of life, and wealth. Increasing awareness of quality of life and health can convince the population to use Grayl water filtration, which removes 99.99 percent bacteria. Women always want versatile work from one household product so, this product can be folded, waterproof pouch, used in microwave and freezer, and ultimately it is lightweight (How and what, 2018). Technological factors- As Australia is marked by stable economy with increased inflow and strong demand that provided cushion for the economy. Although the country has considerable technology that can help the High Tech H20 to develop products that are more effective. One of example from this company is that technology used in these products ensure that you do not smell bad in the steel when they sip (Australian Government, 2015). Legal factors- Australia has transparent legal necessity such as to pass the harmful chemicals process that can help to form stainless steel cannot sustain for a longer time as corruption level in Australia is reported as less. Moreover, the introduction of discrimination based on disability, age, increased requirements, and the increase in minimum wage will affect the organisational actions. Legal changes can affect the use of steel and its operations which related to machinery and labour work (The conversation, 2017). Environmental factors- while beating the metal to form stainless steel, the company will have to use heat energy to convert them into steal sheets (Barba et al., 2016). Although the country is among the beautiful countries in the globe with mountains and forest but the country faces several environmental challenges. Moreover, Australia is driest continent on the earth. Recent senate reveals that Australia suffers from water insecurity, infectious disease, and conflicts for food and water due to climate changes. Therefore,High Tech H20 can help the people to access pure water with highly technology enabled bottles (Australian Government, 2015).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Conclusion From the above discussion on High Tech H20, it can be said on a concluding note that company has the potential to grow in market. As discussed above, the company can maintain its distribution channel and improve its marketing promotional activities to give a boom to High Tech H20. Moreover, in regards to external analysis, the company can grow due to water insecurity and climate changes.
References Aithal, P.S., 2016. Study on ABCD analysis technique for business models, business strategies, operating concepts & business systems. AustralianGovernment,(2015)AustralianIndustryReport,(2015).Availableon: https://www.industry.gov.au/sites/g/files/net3906/f/May%202018/document/pdf/ australian_industry_report_2015.pdf [Accessed on 26/01/19] Barba, F.C., Sanchez, G.M.D., Segui, B.S., Darabkhani, H.G. and Anthony, E.J., 2016. A technical evaluation, performance analysis and risk assessment of multiple novel oxy-turbine power cycles with complete CO2 capture.Journal of cleaner production,133, pp.971-985. Howandwhat(2018)PESTELanalysisofAustralia.Availableon: https://www.howandwhat.net/pestel-analysis-australia/ [Accessed on 26/01/19] Letts, S. (2018) Australia's economy grew by 2.4 per cent in 2017, below expectations. Available on: https://www.abc.net.au/news/2018-03-07/gdp-q4-2017/9522450 [Accessed on 26/01/19] Theconversation,(2017)Explainer:thepoliticsofheavymetal.Availableon: https://theconversation.com/explainer-the-politics-of-heavy-metal-87999[Accessedon 26/01/19]