MGMT1101 ASSIGNMENT:Environmental & Industry AnalysisAssignment OverviewThe ability to construct a PESTEL Analysis and a Porters Five-Forces Plus One Analysis is essential to makinginformed...

1 answer below »

View more »
Answered 2 days AfterFeb 25, 2023

Answer To: MGMT1101 ASSIGNMENT:Environmental & Industry AnalysisAssignment OverviewThe ability to construct...

Dipali answered on Feb 27 2023
49 Votes
WRITTEN ASSIGNMENT        2
WRITTEN ASSIGNMENT
Table of contents
PESTEL Analysis for Good Trade Co. in Vancouver BC    3
Porter's Five Forces plus One Analysis for Good Trade Co. in Vancouver BC    5
Social Responsibility    6
References    9
PESTEL Analysis for Good Trade Co. in Vancouver BC
Political –
· Government policies re
lated to international trade can have a significant impact on Good Trade Co.'s operations, especially since the company works directly with farmers in Colombia. Changes in tariffs, trade agreements, and other policies can affect the cost of importing coffee beans and other supplies, which can in turn impact the company's pricing strategy and profitability.
· In addition, regulations related to food safety and labeling must be followed by Good Trade Co. to operate in Vancouver. Compliance with local and federal laws related to food production, labeling, and distribution is critical to avoid any legal issues and maintain the company's reputation (Schillaci & Norgaard, 2019).
Economic –
· Vancouver is a major economic hub in Canada and has a diverse and growing economy. The city is home to a number of large corporations, startups, and small businesses, which provides a large potential customer base for Good Trade Co.
· However, the cost of living in Vancouver is relatively high, which may affect the company's operating costs and pricing strategy. Fluctuations in the global economy, such as changes in the price of coffee beans due to supply and demand factors or geopolitical issues, can also impact the company's cost of production and pricing.
Socio-Cultural –
· Vancouver has a diverse and multicultural population that values sustainability and social responsibility. The city is home to many socially conscious consumers who are willing to pay a premium for ethically-sourced products, such as Good Trade Co.'s coffee.
· In addition, Vancouver is known for its outdoor lifestyle and love of nature. Good Trade Co.'s eco-friendly practices, such as compostable packaging and sustainable sourcing, may be particularly appealing to Vancouverites.
Technological –
· Technology can be an important driver of efficiency and profitability for Good Trade Co. For example, the use of inventory management software and order processing systems can help the company streamline its operations and reduce costs (Ko, 2020).
· Social media and online marketing can also help Good Trade Co. reach a wider audience and increase brand awareness in Vancouver. The company can use social media platforms such as Instagram and Facebook to promote its products and sustainability practices, and engage with customers through online campaigns.
Environmental –
· Vancouver has a strong focus on environmental sustainability and may appreciate Good Trade Co.'s eco-friendly practices. Good Trade Co. can use its commitment to sustainability as a unique selling proposition to appeal to environmentally conscious customers.
· Climate change and natural disasters can impact the production and availability of coffee beans, affecting the supply chain for Good Trade Co. The company must be prepared to handle any disruptions in the supply chain and find alternative sources of coffee beans...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
April
January
February
March
April
May
June
July
August
September
October
November
December
2025
2025
2026
2027
SunMonTueWedThuFriSat
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
00:00
00:30
01:00
01:30
02:00
02:30
03:00
03:30
04:00
04:30
05:00
05:30
06:00
06:30
07:00
07:30
08:00
08:30
09:00
09:30
10:00
10:30
11:00
11:30
12:00
12:30
13:00
13:30
14:00
14:30
15:00
15:30
16:00
16:30
17:00
17:30
18:00
18:30
19:00
19:30
20:00
20:30
21:00
21:30
22:00
22:30
23:00
23:30