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The following are the Political, Environmental, Social, Technological, Legal and Environmental Factors that affects a Recreational and Leisure Driven Business (ADVENTURE SPORTS business to be
The following are the Political, Environmental, Social, Technological, Legal and Environmental Factors that affects a Recreational and Leisure Driven Business (ADVENTURE SPORTS business to be specific), how these factors affect the adventure sports business? Explain each bullet.
POLITICAL
- Government stability -
- Financial stimulus commitment -
- Pandemic strategic plan -
- Health service readiness -
- Pandemic policy factors -
- Current taxation policy -
- Future taxation policy -
- The current and future political support -
- Grants, funding and initiatives -
- Trade bodies -
- Effect of wars or worsening relations with particular countries -
- Election campaigns -
- Issues featuring in political agendas -
ECONOMICAL
- National debt levels -
- Recovery struggle for impacted industry -
- Strength of consumer spending -
- Current and future levels of government spending -
- Ease of access to loans -
- Current and future level of interest rates, inflation, and unemployment -
- Specific taxation policies and trends -
- Exchange rates -
- Overall economic situation -
- Real estate exodus -
- Inner city business decline -
- Supply volatility -
SOCIAL
- Pandemic lifestyle trends
- demographics
- consumer attitudes and opinions
- media views
- law changes affecting social factors
- brand, company, technology image
- consumer buying patterns
- fashion and role models
- major events and influence
- Inner city pandemic trends
- ethnic/religious factors
- ethical issues
- Digital relationships
TECHNOLOGICAL
- Relationship with pandemic
- Sector technology demand
- Relevant current and future technology Innovations
- The level of research funding
- The ways in which consumers make purchases
- Intellectual property rights and copyright infringements
- Global communication technological advances
- Internet connectivity utility
LEGAL
- Legislation in areas such as employment, competition, and health & safety
- Environmental legislation
- Future legislation changes
- Changes in European law
- Trading policies
- Regulatory bodies
- Pandemic legislation
- Working environment
- Pandemic legal sensitivities
ENVIRONMENTAL
- Relationship with global warming
- Relationship with recycling and global fight against waste
- Relationship with global fight against plastic usage
- The level of pollution created by the product or service
- Attitudes to the environment from the government, media and consumers
- Relationship with renewable energy
- Relationship with deforestation
-If one of the bullets is not applicable, just put N/A.
-Please also include reference/source citation.
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