Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Analysis

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Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Study Solution

Political Factor:

Pestel Analysis In the year 2011 and 2012, the corporate tax rate, business tax rate and basic tax rate had actually decreased which ultimately had an impact on the development of organisation revenues. This unforeseen development in revenues will eventually increase the charitable activities in Canada in order to enhance the business image and to advertise himself in an ethical method.

Economical Factor:

Due to the global monetary crises in the year 2008 and 2009, the comparative development of Gross Domestic Product (GDP) rate in Canada had actually decreased in the year 2012 form the year 2011. This decreased does not provide the decrease in the per capita income of Canadian people in the year 2012 from the year 2011 but the development in per capita earnings have increased in reducing way which might not be the reason to the decrease in charitable activities due to the fact that the per capita income had grown in 2012 in contrast of 2011.

Social Factor:

As it has been chosen that the Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Analysis will now target the elementary and high school kids to increase the charitable activities and donations in Toronto by 1.4 million Canadian dollars which are aged between 9 to 17 years of ages, their earnings is very low as they are dependent upon their parents, took pleasure in the frozen treats and interested to offer the valuable donations for the much better health of Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Solution of Canada.

Technological Factor:

Due to the technological development in Canada, the little and corporate companies will produce more in less expense which ultimately lead towards the cost saving resulting in more revenues and margins which might lead towards the more involvement in the charitable activities and a yearly occasion such as Miracle Reward Day in orderto provide the important contributions for the better health of Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Solution of Canada.

Strategies:

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

The crucial problems facing by the business are related to the
1. Time restraint of 3 months to make and carry out the technique in Toronto, Canada
2. A consistent decrease in the collection of donations on yearly basis
3. A decline in the per store income in Toronto which have actually stopped working to raise contributions from here
4. A primary focus of Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Analysis Structure is towards the development ofloyalty programs and the building of client relationships with prospective consumers of Wonder Reward Day
5. Some franchise owners are not showing their desire to participate in an annual event day due to the believe that their participation in Wonder Treat Day are resulting in the reduction of the profits along with the not any significant modification before and after revenues of their firms and organisations

PEST Analysis:

1. Franchise Rewards: By providing the incentives to franchise owners, the hospital will be able to raise as much funds as possible to be created through an annual occasion named Wonder Reward Day.
For this purpose, the hospital should start the Prize contest such as the top place prizeon the basis of the highest contribution, second location prizeon the basis of the second greatest contribution, 3rd place prize on the basis of the 3rd greatest donation, and much more. These rewards will inspire the franchise owners to get involved more in the charitable activities in a yearly occasion of Miracle Reward Day.
2. Commitment Card: In order to establish and preserve more faithful customers for Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Help to supply the valuable donations for the better health of Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Help of Canada, the hospital must produce the commitment card program for the blizzards to recognized commitment in customers.
3. Schools: For the purpose to get the quick increase in number of contributions from the area of Toronto, hospital should include the number of schools located in Toronto to take part inan yearly event such as Wonder Treat Dayto provide the valuable donations for the much better health of Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Solution of Canada.
Email Marketing: Using Email marketing needs to be implemented by the hospital to record the variety of schools and franchise owners to take part in a yearly event such as Miracle Reward Dayto offer the important contributions for the much better health of Pestel Analysis of Damien Hirst And The Contemporary Art Market Case Solution of Canada.

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