Question

Hi, I am currently doing a paper on Philippine Retail Industry - Department Stores

I am asking for your help in the following section of my paper

Analysis of Potential Changes in Macroenvironment

1. Political

2. Social

3. Environmental

4. Technological

5. Legal

Answer 1

Philippines is a highly populated country with immense opportunities. It has been lately seen that the growth index of Philippines has remarkably improved in the last few years and the economic dependence of the nation on foreign countries has sharply decreased. There are many factors contributing to this tremendous growth of the Philippine economy. Let us here, discuss some of the salient features of the Retail industry- departmental store.

                                Departmental stores carry a very high value in terms of determining the true status of an economy. The better the average level of local departmental stores is, we can gauge that the better would be the overall development of the economy. Lately, Philippines has seen a huge growth in this sector. Let us discuss some of its salient features:

                     Political: The departmental stores are the nearest junction of public market system. Acknowledging the fact that the population in Philippines is growing at a very high rate, the political dispensation of the country has allowed for more and more departmental stores to be set up in the suburbs of Philippines so that every citizen of the country could get easy access to the departmental stores. In the recent few years, Philippines has seen a rise of more than 300% in the number of stores opening up.

                      Social: Society in Philippines lives in a very conjugative manner. They prefer living together and share their livelihood. Therefore, societies in Philippines were in favor of easy market access near to their homes. Hence, the societies have readily accepted the opening of more and more departmental stores. More access to goods and products, makes the society receive more welfare as compared to the people have to travel far distance to get consumption materials.

                     Environmental: The biggest environmental change that has been caused by the departmental stores is that, it has helped in the reduction of environmental pollution. When the people get most of their daily required products readily available in the departmental stores, they do not need to travel far and wide to search the commodities. This reduces the use of vehicles, thereby reducing the overall population in the environment.

                                 Technological: With the resurgence of the technology, more and more readily available products and commodities are today available in the market. More and more technologically smarter products are available in the market, which have now become the products of usage 24 x 7. This nature of the consumers has forced the technologically abled departmental stores to reach each and every corner of the country, thereby increasing their reach.

                                 Legal: It has been seen that in some of the cases of setting up of the departmental stores, there has been mass violation of law. The legal system has more or less been maintaining a softer corner for such stores. Moreover, the legal framework ensures that these departmental stores do not fall in to any legal complications, thereby making the road smoother for them.