In: Operations Management
The assignment requires me to create a PESTLE analysis for a business idea that I created which is basically a coffee shop with drawing activities.
Entrepreneurship
Political | Economic | Socio-Cultural |
1. Regulatory pressures | 1. Fixed costs | 1. Customer preferences |
2. Labour and Union laws | 2. Variable costs | 2. Tea/other beverage drinking population |
3. Taxation policies | 3. Currency rates | 3. Workstyle of consumers |
4. Political nature of region/countries where sourcing is done | 4. Tax slabs | 4. Population |
5. Legalities about what can be drawn and what not (eg- Countries like North Korea and China have posed restrictions as to what cab be considered as art) | 5. Prices of different drawing items |
5. Cultural interpretations of drawing |
Technological | Environmental | Legal |
1. Using free wifi to attract customers | 1. Environmental policies and rules | 1. Law of the existing country of operation |
2. Emergence of new technologies in agriculture (for coffee beans) | 2. Policies in sourcing coutries/regions | 2. Food related laws if any |
3. Different payment modes | 3. Disposal of waste resulting from coffee business as well as from drawing sessions | 3. Trade laws where sourcing is done |
4. Using tabs/notebooks for drawing instead of actual pen and paper | 4. Water wastage |