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Practise your commercial awareness for your next interview using PESTLE & SWOT.
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<blockquote data-quote="EKH" data-source="post: 133408" data-attributes="member: 27620"><p>PESTLE</p><p>Political: Where will the beans be imported from? Will there be trade regulations that need to be taken into account? Considering strikes in the United Kingdom, will it be impacted by it? Will the current war conflict have an impact on which countries I can import from? From the political aspect, will one region/ continent be more beneficial to import from?</p><p></p><p>Economic: where will I be locating my coffee shop? How big should the shop be? How will the current threat of the inflation rate affect that? How will I be funding the shop? How will the current state of increasing energy/ gas impact?</p><p></p><p>Social: what are the strategies of my competitors? What is my target market and how can I expand it?</p><p></p><p>Technological: what software can I use for advertisement, while keeping costs down? Will I need to go online and provide delivery? How can I create the shop running efficiently?</p><p></p><p>Legal: are the foods being imported coming from an ethically approved supplier? The laws I will need to comply with in that country. The current laws in England, health inspections, labor laws, and staff safety? Are the products legal/ what inspections do they need to go through?</p><p></p><p>Environmental: sustainable cups, recycling? How can the shop be as sustainable as possible to attract a greater market? Which country for importation is less prone to natural disasters that can wipe out the crop? What is the most sustainable and environmentally friendly way of transport – transport by boat, ship?</p><p></p><p>SWOT</p><p>Strengths: A large majority of individuals in the UK drink coffee and tea, it is a profitable business if cost efficient and low maintenance. Can this become a local coffee shop that becomes a chain? Make it into a coffee shop that encourages individuals to make it their ‘go to spot’ to drink coffee/ tea, work, and socialize.</p><p></p><p>Weaknesses: it needs to be more unique and offer a different concept, as there are many coffee shops. Needs to be in a location that may be lacking a proper coffee shop.</p><p></p><p>Opportunities: due to covid, a majority are working remotely, and this could be an opportunity to make the coffee shop more work friendly and social to allow individuals to come to the shop. Can introduce a different special coffee a week or have a special event once a month to make it more unique but to make it more than the typical coffee shop.</p><p></p><p>Threats: chain coffee shops (Pret/ Nero). Need to be creative during the seasonal changes. Different political and economic changes can affect the spending of consumers and the shortage of beans.</p></blockquote><p></p>
[QUOTE="EKH, post: 133408, member: 27620"] PESTLE Political: Where will the beans be imported from? Will there be trade regulations that need to be taken into account? Considering strikes in the United Kingdom, will it be impacted by it? Will the current war conflict have an impact on which countries I can import from? From the political aspect, will one region/ continent be more beneficial to import from? Economic: where will I be locating my coffee shop? How big should the shop be? How will the current threat of the inflation rate affect that? How will I be funding the shop? How will the current state of increasing energy/ gas impact? Social: what are the strategies of my competitors? What is my target market and how can I expand it? Technological: what software can I use for advertisement, while keeping costs down? Will I need to go online and provide delivery? How can I create the shop running efficiently? Legal: are the foods being imported coming from an ethically approved supplier? The laws I will need to comply with in that country. The current laws in England, health inspections, labor laws, and staff safety? Are the products legal/ what inspections do they need to go through? Environmental: sustainable cups, recycling? How can the shop be as sustainable as possible to attract a greater market? Which country for importation is less prone to natural disasters that can wipe out the crop? What is the most sustainable and environmentally friendly way of transport – transport by boat, ship? SWOT Strengths: A large majority of individuals in the UK drink coffee and tea, it is a profitable business if cost efficient and low maintenance. Can this become a local coffee shop that becomes a chain? Make it into a coffee shop that encourages individuals to make it their ‘go to spot’ to drink coffee/ tea, work, and socialize. Weaknesses: it needs to be more unique and offer a different concept, as there are many coffee shops. Needs to be in a location that may be lacking a proper coffee shop. Opportunities: due to covid, a majority are working remotely, and this could be an opportunity to make the coffee shop more work friendly and social to allow individuals to come to the shop. Can introduce a different special coffee a week or have a special event once a month to make it more unique but to make it more than the typical coffee shop. Threats: chain coffee shops (Pret/ Nero). Need to be creative during the seasonal changes. Different political and economic changes can affect the spending of consumers and the shortage of beans. [/QUOTE]
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