STEEPLE ANALYSIS by Michael rulez https://padlet.com/michaeltanujaya73/csvc14ygb2kl Angel, Jessica, Michael, Semaya en-us 2017-09-08 06:13:08 UTC 2025-09-28 13:56:23 UTC hello@padlet.com STEEPLE ANALYSIS michaeltanujaya73 https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767334
  • Define each of the component of the STEEPLE using your own words
  • Explain in what ways how STEEPLE affect business objectives and strategies
    • ]]>     2017-09-08 06:18:09 UTC https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767334     ENVIRONMENTAL angelinebertha31 https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767575 WHAT IS ENVIRONMENT? The environment is the mother nature of the world we live in that we can't control.

    RELATION TO BUSINESS OBJECTIVES & STRATEGY
    The awareness of environmental issue in a business can give a business financial benefits and growth by knowing consumers behavior towards the environment, the climate change, and attitudes of workers in a business. 
    ex: If it is raining, outdoor theme park businesses, such as Disneyland can lose a huge amount of profit.]]>     2017-09-08 06:20:06 UTC https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767575     TECHNOLOGICAL angelinebertha31 https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767766 WHAT IS TECHNOLOGY?
    A product's characteristics based on a particular technology that was used.

    RELATION TO BUSINESS OBJECTIVES AND STRATEGY
    In a business situation, technology is used to solve some small business problems such as double/triple file entries are eliminated to allow an easier storage of files. There are also software applications which can hire employees like Quickbooks. As technologies are rapidly changing, large businesses tend to keep their technologies up-to-date to not lose productivity and keep up with the evolving of the era.]]>     2017-09-08 06:21:05 UTC https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767766     SOCIAL angelinebertha31 https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767787 WHAT IS SOCIAL?
    Social is in relation with its organization, culture, and generally the people/market around. Social factors affect how we behave and why. 
    • ex: fitness. back then, people's attitude towards health isn't as concerned. this creates opportunity for gym businesses' revenue to flow and fulfill the social needs.


    RELATION TO BUSINESS OBJECTIVES & STRATEGY
    Social needs change overtime, thus a business' organization, brand, and product should also correspond.
    ]]>     2017-09-08 06:21:12 UTC https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767787     LEGISLATION angelinebertha31 https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767857 WHAT IS LEGISLATION?
    A law which has been enacted by a legislature, governing body or a process of making it.

    RELATION TO BUSINESS OBJECTIVES & STRATEGY
    Plays a major role in developing target market of a business. Many legal issues can affect a company that does not act responsibly. Identifying the "L" avoids the company from having legal pitfalls. This assures a company to always remain within the confines of established regulations.]]>     2017-09-08 06:21:47 UTC https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767857     ETHICS angelinebertha31 https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767861 WHAT IS ETHICS?
    A decision created before doing something in whatever situation a person or a group of people may face.

    RELATION TO BUSINESS OBJECTIVES & STRATEGY
    It depends on what the business is, a decision that they want to make and a situation they face. The people in that business have the chance to decide whether the action that they want to do are right or wrong in order to make the business progress as what they have planned. 
    Ex: an ethical business usually pays their workers on time, don't deal with corrupt suppliers, and don't use misleading marketings.]]>     2017-09-08 06:21:50 UTC https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185767861     POLITICAL semaya_krista https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185768886 WHAT IS POLITICAL? Actions that relates to law and the hierarchies within government bodies.

    RELATION TO BUSINESS OBJECTIVES & STRATEGY
    As global economics correlates to domestic economics, it is important for companies to consider the opportunities/threats when identifying their objective. Government policies may either be beneficial or non-beneficial to a company.
    • ex: a company wants to expand by opening a new franchise. this "P" factor will help in identifying optimal areas for production or sales in that specified area, by tax policies, stability of government, social welfare, etc.
    ]]>     2017-09-08 06:28:40 UTC https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185768886     ECONOMIC semaya_krista https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185769331 WHAT IS ECONOMIC?Economic is everything that relates with the making, process, and selling of products around the world, in which people are doing in order to achieve what they want and need in their lives.

    RELATION TO BUSINESS OBJECTIVES & STRATEGY
    With the economic around the world changing rapidly, businesses need to adapt to it every time, hence, changing the objectives and strategy. As an example, if the price of wood increases per ton, then a furniture business should change their objectives and pricing strategy to keep obtaining profits and not lose them due to the increase in wood price.]]>     2017-09-08 06:31:44 UTC https://padlet.com/michaeltanujaya73/csvc14ygb2kl/wish/185769331