Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Analysis

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Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Study Help

Political Factor:

Pestel Analysis In the year 2011 and 2012, the corporate tax rate, service tax rate and general tax rate had actually declined which ultimately had an effect on the development of business earnings. This unexpected growth in profits will eventually increase the charitable activities in Canada in order to enhance the company image and to advertise himself in an ethical way.

Economical Factor:

Due to the international monetary crises in the year 2008 and 2009, the relative development of Gdp (GDP) rate in Canada had declined in the year 2012 form the year 2011. This decreased does not provide the decline in the per capita earnings of Canadian people in the year 2012 from the year 2011 but the growth in per capita income have actually increased in decreasing way which may not be the factor to the decrease in charitable activities because the per capita income had grown in 2012 in contrast of 2011.

Social Factor:

As it has been decided that the Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Solution will now target the primary and high school children to increase the charitable activities and donations in Toronto by 1.4 million Canadian dollars which are aged in between 9 to 17 years of ages, their earnings is extremely low as they are dependent upon their parents, delighted in the frozen treats and interested to offer the important donations for the better health of Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Help of Canada.

Technological Factor:

Due to the technological development in Canada, the small and corporate businesses will produce more in less cost which eventually lead towards the cost saving resulting in more profits and margins which may lead towards the more involvement in the charitable activities and an annual occasion such as Miracle Reward Day in orderto supply the important contributions for the better health of Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Help of Canada.

Strategies:

There are four alternative strategies whose application will increase the charitable donations in Toronto, Canada by 1.4 million Canadian dollars in a year. These 4 alternative strategies are:

The essential problems facing by the business belong to the
1. Time restraint of 3 months to make and execute the technique in Toronto, Canada
2. A consistent decrease in the collection of donations on annual basis
3. A decline in the per store income in Toronto which have failed to raise contributions from here
4. A primary focus of Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Solution Foundation is towards the advancement ofloyalty programs and the structure of client relationships with prospective consumers of Wonder Treat Day
5. Some franchise owners are disappointing their determination to take part in a yearly event day due to the believe that their participation in Miracle Reward Day are leading to the decrease of the revenues together with the not any significant modification before and after revenues of their firms and services

PEST Analysis:

1. Franchise Incentives: By supplying the rewards to franchise owners, the hospital will have the ability to raise as much funds as possible to be produced through a yearly event named Wonder Reward Day.
For this function, the hospital needs to begin the Prize contest such as the top place prizeon the basis of the greatest contribution, 2nd place prizeon the basis of the 2nd greatest contribution, third place reward on the basis of the third highest contribution, and a lot more. These rewards will motivate the franchise owners to participate more in the charitable activities in a yearly occasion of Miracle Reward Day.
2. Loyalty Card: In order to develop and maintain more faithful clients for Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Solution to offer the important donations for the much better health of Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Help of Canada, the hospital ought to develop the loyalty card program for the blizzards to established loyalty in customers.
3. Schools: For the purpose to get the rapid increase in variety of contributions from the location of Toronto, hospital must include the number of schools located in Toronto to participate inan annual event such as Wonder Reward Dayto supply the important contributions for the much better health of Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Analysis of Canada.
Email Marketing: The use of Email marketing should be carried out by the hospital to catch the number of schools and franchise owners to take part in a yearly occasion such as Wonder Treat Dayto supply the valuable contributions for the better health of Pestel Analysis of Front Row Tribe: The Sharing Economy Meets The Luxury Industry Case Analysis of Canada.

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