Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Analysis
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Political Factor:
In the year 2011 and 2012, the corporate tax rate, business tax rate and basic tax rate had decreased which eventually had an influence on the development of organisation profits. This unanticipated growth in earnings will eventually increase the charitable activities in Canada in order to improve the business image and to market himself in an ethical way.
Economical Factor:
Due to the global financial crises in the year 2008 and 2009, the relative growth of Gdp (GDP) rate in Canada had actually declined in the year 2012 form the year 2011. This declined does not provide the decrease in the per capita earnings of Canadian people in the year 2012 from the year 2011 but the growth in per capita income have increased in decreasing way which might not be the factor to the decline in charitable activities due to the fact that the per capita income had grown in 2012 in comparison of 2011.
Social Factor:
As it has been decided that the Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Analysis will now target the primary and high school kids to increase the charitable activities and contributions in Toronto by 1.4 million Canadian dollars which are aged between 9 to 17 years of ages, their income is extremely low as they are dependent upon their moms and dads, delighted in the frozen treats and interested to provide the important donations for the much better health of Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Solution of Canada.
Technological Factor:
Due to the technological advancement in Canada, the small and business businesses will produce more in less cost which ultimately lead towards the cost conserving leading to more earnings and margins which might lead towards the more involvement in the charitable activities and an annual occasion such as Wonder Reward Day in orderto offer the important donations for the much better health of Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Help of Canada.
Strategies:
There are four alternative techniques whose execution will increase the charitable contributions in Toronto, Canada by 1.4 million Canadian dollars in a year. These four alternative techniques are:
The essential concerns facing by the company relate to the
1. Time constraint of 3 months to make and carry out the technique in Toronto, Canada
2. A continuous decrease in the collection of donations on annual basis
3. A decline in the per store income in Toronto which have actually stopped working to raise contributions from here
4. A main focus of Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Help Structure is towards the development ofloyalty programs and the structure of consumer relationships with prospective customers of Miracle Reward Day
5. Some franchise owners are not showing their desire to take part in a yearly occasion day due to the think that their involvement in Miracle Reward Day are leading to the reduction of the revenues in addition to the not any significant change prior to and after revenues of their firms and services
PEST Analysis:
1. Franchise Rewards: By offering the incentives to franchise owners, the hospital will be able to raise as much funds as possible to be produced through a yearly event named Wonder Reward Day.
For this function, the hospital should begin the Reward contest such as the first place prizeon the basis of the greatest contribution, second location prizeon the basis of the second highest donation, 3rd place reward on the basis of the 3rd highest donation, and a lot more. These rewards will motivate the franchise owners to take part more in the charitable activities in a yearly occasion of Wonder Reward Day.
2. Commitment Card: In order to establish and maintain more faithful customers for Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Help to supply the valuable contributions for the better health of Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Help of Canada, the hospital must produce the commitment card program for the blizzards to established loyalty in clients.
3. Schools: For the function to get the fast increase in variety of contributions from the area of Toronto, hospital ought to include the variety of schools found in Toronto to take part inan yearly event such as Miracle Treat Dayto supply the valuable donations for the better health of Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Help of Canada.
Email Marketing: The use of Email marketing should be implemented by the hospital to catch the variety of schools and franchise owners to participate in a yearly occasion such as Miracle Treat Dayto supply the valuable contributions for the better health of Pestel Analysis of Fighting Financial Crises Problems And Remedies Case Solution of Canada.
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