PESTEL Analysis of ADMAC

PESTEL Analysis of ADMAC A PESTEL analysis is a business measurement tool. PESTEL is a short form for Political, Economic, Social, Technological, Environment and Legislative factors, which are used to assess the market for a business or organisational unit. The PESTEL analysis is a useful tool for understanding the environmental influences in which organisation are operating, and the opportunities and threats that lie within it. By understanding the environment in which is operating can take advantage of the opportunities and minimise the threats. Specifically the PESTLE analysis is a useful tool for understanding risks associated with market growth or decline, and as such the position, potential and direction for a business or organisation. PESTLE analysis is in effect an audit of an organisations environmental influences with the purpose of using this information to guide strategic decision making. The assumption is that if the organisation is able to audit its current environment and assess potential changes, it will be better placed than its competitors to respond to changes. PESTLE analysis can be used for business and strategic planning, marketing planning, organisational change, business and product development and research reports. To be effective a PESTLE needs to be undertaken on a regular basis. Organisations that do analyses regularly and systematically often spot trends before others thus providing competitive advantage. The Purpose and Function of PESTEL Analysis The purpose of the PESTEL analysis to assess the industry which and company is in. The analysis is to help make decisions and to plan for future events which they operate in the organisation. In addition PESTEL analysis helps to understand the limited influence or impact and all factors that influence an organisation but are out of its direct control. An organisation on its own cannot affect these factors, nor can these factors directly affect the profitability of an organisation. But by understanding these environments, it is possible to take the advantage to maximise the opportunities and minimise the threats to the organisation. Businesses need to take a pro-active approach and be ahead of these changes, rather than hurriedly making alterations to products and processes in a reactive way. This can be achieved through a PESTEL analysis, i.e. an investigation of the Political, Economic, Social, Technological and Legal influences on a business. These forces are continually in a state of change. Political factors are how and to what degree a government intervenes in the economy. Political changes are closely tied up with legal changes and it continually being updated in a wide range of areas. Specifically, political factors include areas such as tax policy, environmental regulations, trade restrictions and reform, tariffs, and political stability. Political factors may also include Social and employment legislation and it will provide information about potential opportunities and threats around labour changes, for example skills shortages. Economic changes are closely related to social ones. The economy goes through a series of fluctuations associated with general booms and slumps in economic activity. In a boom nearly all businesses benefit and in a slump most lose out. Other economic changes that affect business include interest rate, exchange rates and the rate of inflation. In addition Stage of business cycle, Unemployment and labour supply, Labour costs likely changes in the economic environment. These factors have major impacts on how businesses operate and make decisions. Businesses will be more encouraged to expand and take risks when economic conditions are right. For example low interest rates and rising demand. Social factors include health consciousness and include the cultural aspects, career attitudes, population growth rate, age distribution and emphasis on safety. A major component of this is a change in consumer behaviour resulting from changes in fashions and styles. Trends in social factors affect the demand for an organisations products and how that organisation operates. Technological factors include technological aspects such as reduction in communications costs and increased remote working, automation and Impact of Internet. New technologies are continually being developed and the rate of change itself is increasing. The creation of databases and electronic communications have enabled vast quantities of information to be shared and quickly distributed in a modern company enabling vast cost reductions, and often improvements in service. They can determine barriers to entry, minimum efficient production level and influence outsourcing decisions. Furthermore, technological shifts can affect costs, quality, and lead to innovation. Environmental factors include ecological and environmental aspects such as weather, climate, and climate change, which may especially affect industries such as tourism, farming, and insurance. Furthermore, growing awareness of the potential impacts of climate change is affecting how companies operate and the products they offer, both creating new markets and diminishing or destroying existing ones. Legal factors include discrimination law, consumer law, antitrust law, labour law, and health and safety law. These factors can affect how a company operates, its costs, and the demand for its products. In addition this may impact access to materials, quotas, resources, taxation imports and exports etc. Discussion of most pressing issues of company currently facing on ADMAC is the well reputed Real Estate Management and construction company in UAE. Over the past 30years the company successfully completed number of real estate residential projects in UAE. Due to nature of the ADMAC with particular reference to how it has running itself and the current economic climate the assessment of external factors by a PESTEL analysis has been crucial in ADMAC success. This is becourse ADMAC has taken into account the implication for consumers, employees, associated organisation and the company mission statement. Each external factor would have been and continues to be examined and categorised in terms of whether its implication is negative or positive large or minor significance, continues impact so on. Whether the scanning of ADMAC, economy downturn in UAE is most pressing issue of the company has faced. Following discussion is to explain how it impacts the company. Past recent years there was economy boom at UAE, more development projects, infrastructure projects and real estate project was started and huge amount of money was invested. The sharp increase in construction, along with other key factors, has meant the industry was seeing a lack of skilled and unskilled construction staff. The demand for certain categories of employees and skill is also influenced by changes in social structure in an economy. Firms employing in construction have greatly enhanced the worth of technicians, surveyors and engineers during the last couple of years. In that time the firms are offer generally high salaries and wages due to competition of workforce of industry. The boom of economy now over, while the present it going to down little by little, therefore the climate of economic and labour market in UAE is low. Companies operating in fields like ADMAC have compelled to reduce their workforce due to high competition and short of new real estate construction projects. ADMAC have maintained excess workforce up to now but still excess labour turnover creates unnecessary expense and reduces efficiency to the firms. In some situations even after implementing some of the cost saving initiatives, redundancies can still become inevitable and this can pose significant challenges for an employer as many complex issues need to be address including legal, compensation, natural turnover of workers of the company and future economic changes of the region. Most property markets are certainly influenced by the forces of supply and demand. In the economy boom time thousands of new residents and workers are arriving in UAE causing demand for property to increase. In that time, many firms like ADMAC were having more than enough real estate construction projects. Unfortunately economy is now downturn, therefore many residential properties are not rented out or relinquish. The result of that is either ADMAC or other firms in the field are unable to get value for money from the residential properties where they were invested. On present economy climate of UAE, the investors are not investing a new residential project. Therefore competition between contractors are high due shortage of residential project. As a result ADMAC used to reduce their profit and risk markups to win the new contracts. In this reason the company profitability is squeezed or some financial losses due to unexpected risk in the construction. The above impacts are currently most pressing issue of ADMAC and those are occurring company financially unstable. 4.1.0 Example of PESTEL. POLITICAL The UAE Government has established a Federal Real Estate Regulatory Authority in order to co-ordinate regulatory efforts at the local and federal level. [source: EstateDubai.com] The main concern of the authority is about foreign property developers, who wholly finance their projects from local banks, without sufficient capital. Some foreign developers even depend on the local banks for complete funding, putting the lenders at risk of losing their finances, when the developer fails to complete their projects, or flee the country, leaving behind a huge debt. The government intention a regulation is to limit the finance being made available to foreign developers, who do not have a stake in the capital of their projects. So that regulation is help to keep real estate sector safe during the recession time. Over the last few years the UAEs real estate property market seen remarkable growth. The local burgeoning real estate property industry is anchoring the UAE governments economic diversification efforts. Favourable government policy frameworks and active participation of private sector have facilitated one of the worlds most desirable economy environments in terms of investments and revenue generation. Further, population growth, rapidly increasing economy, progressing service sector and promising travel and tourism sectors, rising purchasing power and strong consumer confidence are driving the industry. The modern shopping malls anchoring modern hypermarkets, highly developed free trade zones, shopping events and relaxed tax provision provide auxiliary growth thrust to the real estate sector. ECONOMY Economic conditions are influenced by political and government policy, being a major influence affecting government decisions. The UAEs central bank was keeping interest rates low to encourage economy growth in the country during the recession time. [www.arabianbusiness.com]. Interest rates play an important role in real estate activity. High interest rates tend to freeze the real estate market. If the interest rates are low, housing is more affordable and also is encourage homeowners to upgrade their houses. This will increase the demand of Real Estate market. In other hand interest rates affect the cost of capital and therefore to what extent a business grows and expands, it will be attractive for company to invest and grow with expectations of being profitable. Oil Company in UAE has decided to increase petrol prices by 11% which is highest percentage of gulf region.[source: Khaleej Times]. This price hike of the construction materials is attributed to the increase in fuel prices as they have directly impacted the construction and transportation costs, thus having a multiplied effects and a significant decrease in profit margins of the company. SOCIAL The UAE is very receptive to inflows of educated skilled people. The expatriate community is one of the largest in the world. However, for the most part the process for obtaining a visa is very simple and most applications are accepted. In this reason, UAE construction and real estate sector not expecting shortage of skilled workforce in the country near future. The UAE is a traditional Muslim country where the teaching of Islam plays a vital role in every aspect of life. From politics to education, from business to foreign relations, people look to Islam for direction. Thus the women have many more restriction as per their traditional teaching. Although, the society is slowly accepting women in the workplace. According to recent reports, now more than ever women are entering the workforce and even starting their own businesses, which is a significant improvement considering the restrictions women face. For the construction sector, women of the UAE and their continuing advancement mean a potential market with wide possibilities. TECHNOLOGY Technology is widely recognised by on strategic management as part of the organization and the industry part of the model as it is used for the creation of competitive advantage. Today, this means using computers wherever possible is to be easy organisation work process. Keep detailed record that can be accessed immediately, make financial transaction faster. Maintain the necessary level of stock factories or retail outlets or speed up communication via the Internet and emails. The effectiveness of companys advertising, marketing and promotional programs. The new technology of internet and television which use special effects for advertising through media. They make some products look attractive. ENVIRONMENT UAE new infrastructure facilitate plan including high speed metro projects and road project interconnecting with seven emirates will foster higher development and maturity in the real estate market. The prices of properties located close to metro stations and bus stations are already beginning to rise, marking the first signs of a transportation plan effect on the property market. The trend implies that with just three months left for the opening of Metros Red Line, home buyers are already beginning to take into consideration the ease of transport when choosing their home. This is a positive sign for real estate market, which has had a difficult year with the prices of flats and villas. One of the main reasons UAE is gaining popularity and attracting investors and visitors is the attractions it has to offer. Here the sun shines all around the year and the city offers a taste of exotic and exiting pleasures to all its visitors, irrespective of their age. All the modern facilities and infrastructure of the west combined with eastern hospitality and local customs make one feel like home in UAE. This has led to many people migrating here for work and living in the mild weathered heaven. This increased the demand for real estate and property and renowned developers and builders stepped in to adorn UAE with the worlds most exciting towers, shopping plazas, residential duplexes and business complexes. [source :BuyDubaiproperty] LEGAL Legislations pertaining to issuance of permanent resident status for foreigners purchasing a freehold property in select housing projects will further strengthen the real estate market in UAE. Recently, UAE government reviewing their property market regulation to assess the impact of the global financial crisis on current economy climate in the country, which has been hit due to an outflow of capital. According to the Gulf news The UAE federal government is reviewing the issue of freehold property visas linked to foreigners ownership of properties in different emirates. It is positive news and will bring a lot of faith and confidence in the market and freehold visas is to attract foreign investors to real estate sector in UAE. Mortgage Law No 14 for 2008, legalizing the housing finance sector in a 35-article law includes all procedures concerning a mortgage and its legal effects on the concerned bodies, as well as execution procedures on the mortgaged property, and the relations between the mortgage lender and borrower based on international best practices. The law will help better regulate the emirates growing real estate market, partly tainted by project delays and corruption probes. The law stipulates that mortgage contracts be registered with the Land Department, specifying the size of the loan, the repayment period and the value of the property. The law makes all mortgage deals that are not registered with the Land Department null and void, allowing the department to better regulate property and mortgage transactions. The law also requires that mortgages taken out on properties be sold by registered financial institutions, and be insured. It also regulates relations between both parties involved in the mortgage process, and the Land Department, which is responsible for implementing the law and ensuring the rights of both parties. Under the law, mortgage lender shall be a bank, financial institution or a finance company licensed by the UAE Central Bank to practice the activity of property finance. The law will definitely boost investor confidence in the real estate market of Dubai and expand the housing finance sector. 6.0.0 Conclusion Business planning at planned levels is a continuing process by which the long-term objectives of a company may be formulated, and subsequently attained, by means of long-terms planning actions designed to make their impact on the company as a whole. Corporate planning also involves deciding the policies of the company in pursuit of its objectives. Thus business aims and ethical considerations are brought together. PESTEL analysis looks at the external environment influence and is an appropriate strategic tool for understanding the environment in which business operates, enabling the company to take advantage of the opportunities and minimise the threats faced by their business activities. When strategic planning is done correctly, it provides a solid plan for a company to grow into the future. With a PESTEL analysis, the company can see a future of time, and be able to clarify strategic opportunities and threats that the organisation faces. By looking to the external environment to see the potential forces of change looming on the future, firms can take the strategic planning process out of the field of today and into the future.

Cultural Awareness Essay

The world as humans know it is getting smaller and smaller due to globalization and technological improvements. The two has made it possible for people from various cultural, racial, ethnic and socio-economic backgrounds to communicate, work together and travel from one country to another half a world away easily. When people meet, they also bring their cultural background with them. This makes it essential for people to have cultural awareness and understand cultural diversity. Cultural awareness is the recognition and acceptance that people are all shaped by each one’s own unique and specific cultural backgrounds (Centre for Cultural Diversity in Ageing [CCDA], 2006). Cultural awareness is the sensitivity and respect for cultural diversity or the fact that people from various cultures have different values, beliefs and traditions. Different histories and traditions result in culturally-prescribed particulars on how people should perceive and relate with other people. A person is culturally aware when he or she celebrates the world’s colorful cultural richness and assortment instead of discriminating against other cultures, especially against minorities. Cultural awareness is being able to see through the lens of another culture and the openness to understand another culture instead of simply labeling it weird or â€Å"wrong† in view of one’s own culture. Having cultural awareness is essential in facing the technology-dependent world’s unseen cultural challenges. One technological development that has been very beneficial for people is the Internet. Through the Internet, people can communicate and share information regardless of time and distance. It has even allowed for the existence of virtual classrooms or online education wherein one can share classes without any physical meeting. Technology has brought people closer; however, the fact the no one can see and determine the race or background of other people lays a hidden trap. Without knowing that they are talking to someone from another cultural background, people can easily alienate others and be called a racist because of their insensitivity to another. Being culturally aware, having the capacity to understand and appreciate the rich cultural diversity, is thus essential for the success of this computer-mediated communication because it increases one’s sensitivity to the non-physical and non-vocal communication styles of people. Cultural awareness keeps one from making generalizations and informs one about appropriate communication styles (CCDA, 2006). Finally, cultural awareness generally promotes an atmosphere of respect for everyone regardless of culture. References Centre for Cultural Diversity in Ageing. (2006). Cultural awareness. Retrieved March 13, 2009 from http://www. culturaldiversity. com. au/Default. aspx? tabid=81

Experimental Psychology Essay

Remembering has to do with being able to recall information, being able to retrieve information kept in the log-term memory. Forgetting occurs when information that was encoded and kept in a person’s long-term memory is lost. This may occur gradually or spontaneously. Repeating or reviewing information reduces forgetting rates. Theories of forgetting include cue-dependent forgetting, organic, trace decay, interference theories and decay theory. Retroactive interference is when the past memory interferes with the later memory; Recalling depends on memory, retrieving the material that was learned. It is closely related to recognition, being in a position to spot any material that one has once encountered. It is thought that the rate of forgetting is highest soon after the learning task is over. This rate is believed to be the highest on the first day but even after the first two weeks, this rate is likely to be high still. However, if an individual persistently and consistently covers or carries out the similar activity after two weeks, there are low chances of forgetting. It is also thought to be easier to remember what someone has read than what the person has heard (Fred, 2002). Causes of Forgetting Forgetting is associated with retroactive interference in which case something new that has been learned usually affects something that was learned some time earlier. In this case, whatever is learned anew interferes with what was learned long ago. The other cause is interactive interference in which case the new and old knowledge tend to mix and interfere with any new learning that might take no place or recall of any new knowledge. Proactive interference happens when information learned earlier on interferes with the learning of any new knowledge. The last cause of forgetting is reactive interference which occurs when either positive or negative feelings or attitudes that a person holds for sometime prevent an individual from learning new information (Eric, 2004). Once material is learned, it is important that it be repeated to memorize fully. Most things that an individual does not intend to remember at first are easily forgotten. Memory and forgetting are closely related as they are all determined by what experience an individual goes through at a certain time. Techniques for Remembering The individual should emphasize on concentration. This means creating and sustaining attention while doing a certain activity. There should be no form of distraction, whatsoever to the individual. To concentrate effectively, a person is supposed to identify anything that will cause distraction while concentrating and try to eliminate or evade the distracting agent. This may be either internal or external interference. Internal distractions can be dealt with by writing down the distractions on a piece of a paper and dealing with them later. External distractions can be handled by avoiding them physically as they are in the environment. It is important to comprehend information as this could assist in the remembering process. Comprehending entails getting actively interested in what one is doing. Memory assists much in remembering what has been learned in a certain period of time. Memory can be improved by sharpening on what has already been learned. Memory is perfected through work with passage of time. Sufficient concentration on what is being done also helps to sharpen memory. It has been discovered that forgetting forms part of remembering. There exist some competing memories in human beings. For memory to function well, the brain has to actively block competing memories. The kind of forgetting that is induced is of great benefit as it assists to suppress the competing memories (Gresham, 2002). Writing Research Reports A research report is written aimed at giving people a chance to read the work you have done selectively. The paper will be read by various individuals; some of them are likely to be looking for just sections within that paper hence the report has to be organized in a sequence so as to give the potential readers an easy time looking for what they want in your paper. A research report is made up of various parts. However a standard research report is made up of such parts as highlighted below. Each of the sections of a research report is supposed to begin on a new page. Various articles, journals have different contents and others deviate from the normal way of writing a report. The following sections are however generally considered as being key and must be included in the form given below. Title page, then the abstract, the introduction is to be next followed by materials and methods used in the report. The results for the report project are to come next followed by a discussion basing on the results of the report. The literature cited is to come just after the discussion. Examples to illustrate what the report is about are to come afterwards. Some journals however tend to emphasize that a summary be included in the report just after the discussion. It is also possible that appendix having equations, calculations and formulas can be included in the report as other technical articles do. The above order is the standard order as the sections of the report are supposed to follow each other (McMillan, 1994). While writing a research report, it is important that paragraphs be used in separating major points. These should be in a logical order and present tense has to be used in describing what is already established. Past tense has to be used in giving results relating to your own specific experiments. The title page is supposed to have a relevant topic that will inform the reader what to expect in the report. This should have names as well as addresses related to the author together with the date when the report was handed in. The abstract is supposed to give a summary of what the study is all about, important conclusions from the study and this is to be brief, only a paragraph. It is to be written in past tense. The introduction is supposed to show why the study was carried out, how relevant the report is, how the aim of the experiment and the results relate to the thesis. It should not be as conclusive as the main body is to expound much. Methods and the materials give a documentation of main procedures in the study and this enables the other person reading your work to reproduce the work, if they so want to. It should be in past tense. Only information that is relevant to the intended party is included. In the results, an analysis has to be done and data presented as a table, graph or in narrative form, with the heading. It should be changed data. The relationship of sections within the converted data has to be described vividly. In the discussion part, the data is interpreted. Give a decision on whether your theory is supported or not. Make a relevant conclusion and explain if any modifications can be done to test your hypothesis. It is important to explain the observations very clearly and these should base on relevant principles. Any data that you generate ion your own has to be clearly distinguished from that gotten from a published material (Joyce, 2002). Give a clear decision on whether design supported the experimental hypothesis. Literature cited involves the material cited within the report, names of authors in alphabetical order. Here, only primary material is used. Where no references were used in the report, state so. References Eric, M. (2004). Educational Psychology. Washington: World ahead Publishers. Fred, R. (2002). Critical and Creative Thinking: Cases. New York: Prentice Hall. Gresham, P. (2002). Modern online auctioning. Ottawa: Heril. Joyce, J. (2002). How to Write a Research Paper. California: Cahners Publishers. McMillan, N. (1994). Paper writing in Biological Sciences (2nd edition). New Jersey: McGraw- Hill.

Mental Health A Common Occurrence For People - 1622 Words

MENTAL HEALTH (Name) (University) Mental Health Introduction It is a common occurrence for people to experience fear or sadness at one point in their lives. While this is acceptable dealing with fear or sadness has proven to be a challenging situation, calling for professional intervention. When fear or sadness becomes hard to deal with, people often use such diagnostic words as anxiety and depression. Apparently, anxiety and depression are the leading cause of global mental health problem. For this reason, diagnosis and treatment of mental health has attracted the attention of various stakeholders including psychiatrists, medical practitioners, governments, not to mention to common citizens. An analysis of two newspaper articles†¦show more content†¦On the other hand, Gray (2015) examined whether depression may be the cause of brain inflammation that causes brain disease. Taking scans from 20 patients and 20 controls, Canadian psychiatrists examined the effects of depression on brain inflammation. Results indicated that depressed pat ients had more inflammation of the brain compared to the control group. For instance, patients suffering from depression had 26% higher levels of protein in the prefrontal cortex of the brain, 32% higher in the anterior cingulate cortex, and 33% higher in the insular area. These results shed rights to new ways of treating mental illness. Previously, mental illness was associated with psychological experiences or social condition as opposed to biological factors suggested by Dr. Meyer. However, the researchers were not able to determine whether inflammation was directly related to depression or its results. Discussion Scientists and psychiatrists have been giving names in the past to mental health conditions in order to distinguish one group of symptom from another. With mental illness becoming common and widespread, most families are prepared to cope with learning the mental conditions of their loved ones. According to, mental illness refers to a wide range of mental health conditions that cause mild to