With so much of instability in Nepalese political sector, it is apparent that the rules and regulations are unstable as well. Technology consists of the forces that create new technologies creating innovative services and market opportunities.
These credits will permit companies to generate specific quantities of carbon emissions. A detailed PESTEL analysis helps public transport to make appropriate plans to rise to the challenges of a changing environment.
Hence, any industry must take into consideration the socio-cultural environment for developing its policy and strategy. Transportation means are always changing. It involves understanding factors which are related to technological advancements, rate at which technology gets obsolete Example: Just as the demand for some popular clothes are determined by fashion, demand for mean of transport is determined by social trend and income level.
Once these factors are analysed organisations can take better business decisions. For example, in major cities where parking is inconvenient, cheaper and wide available public transports are easy. That makes the capacity below the actual level and makes difficult to compete with other. This is particularly true in transport.
India has a road network of 5. But due to highly increased fuel price and shortage of fuel, people are shifting towards public transportation. Due to this the income level of families has rise. Even though, with a population of 25 million, Nepal is a potential market for transport industry.
The purchasing power of Nepalese people is very low due to political instability, higher inflation rate and unemployment. It was successful in its early days and created its brand image as good service provider. Technologically, Nepalese transportation industries are far behind the international transport industry.
Social trends are creating increasing numbers of passengers seeking comfortable easy-to access buses. A business must assess what external changes are likely and which it needs to react to or take advantage of.
Socio-cultural environment influences the demand and supply of goods and services. People cannot afford to own private vehicle so there is a need of much cheaper mean of transportation to travel. It has to anticipate and prepare to meet future legal changes. Public transportation has to be aware of a number of legal factors.
Apr 13, These provide better accessibility for disabled and elderly people. Key Findings of The Study 3. Intelligent companies find out what the most appropriate technologies are for their businesses and use them.
We know that, Nepal does not have a long history of transport service industry. Currently most medium class people are attracted towards car and motorbikes. Business planners can then create strategies to help the business respond effectively.
A good example of change in technology is buses that lower the floor for easy entry. Public transport must make sure that all its buses meet these requirements. They could concentrate on internal decisions, such as determining routes, timetables and operating buses.
Public Transport Service Industry in Nepal: Environmental impacts, such as those caused by carbon dioxide CO2 emissions or the management of waste, are of particular concern to businesses.
Legal Responsible businesses not only abide by the law, they seek to create standards above minimum requirements.PEST Analysis, Country Forecast and Other Details. India, officially the Republic of India, is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over billion people, and the most populous democracy in the world.
Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc.
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Pest Analysis India. Pestel Analysis of Ikea Entering Into Indian Market. PEST analysis of india (agriculture) In this term paper Pestle analysis of India. How Organization take the analysis for setup the offices or /5(22).
India, officially known as the Republic of India, is the seventh largest country by area, and the second most populous in the world with more than billion people. A marketing plan begins by identifying the various market segments in a given market. The next step is to conduct a segment attractiveness analysis depending on the size, sales potential and competitive factors.
Aug 23, · Public transport is popular as a cheap, easy and reliable access of transportation in the country. Sajha Yatayat was established as first public transport industry in Nepal. It was established on B.S,Chaitra 3 rd as per the cooperative act B.S.Download