The acronym stands for the Political, Economic, Social and Technological issues that could affect the strategic development of a business. This is a reason that the use of 4G has grown globally. Smart watches and fitness bands have also seen their sales catching up. Universities are undergraduate and postgraduate degree granting institutions free of charge by law, and mainly depend on funding by the University grants Commission and the External Resources Ministry. To mitigate the impact of government taxes, Airtel introduced lower per minute tariff after the government introduced per second billing plan. How income flows, whether the economy is prospering or barely surviving during times of recession, affects how much capital banks can access.
Legal Factors: India charges high license fees for new entrants in the market. Is there a threat of new competitors entering the market? Being able to capture a wider in the industry, improving the market share of Etisalat and also as an environmental protector. Highlights of this study are telecommunications industry scenario, growth opportunities, strategic recommendations, and inter-country comparison of telecom indicators. Governments across the world have launched measures to monitor and control communications motivated by political and security reasons. Now since the economic recession has passed, consumer spending on telecom is back on track. Registration of ownership rights 3. Technology is helping consumers spend and save money with readily available apps and online services.
Strategic Management: Concepts and Cases. The traditional political risks for telecom are the ones related to regulations, network licensing, national radio spectrums and in case of certain nations trade barriers. An important market trend observed is the rising use of mobile data, with most of the usage being prepaid. Even banks themselves are utilizing technology within the workplace. However, one factor that worked in the favor of the telecom industry was privatization and deregulation. Globally, it all depends on the pocket of the consumer. The demand curve will be increased in certain extent.
Procedures for starting a business 3. Legal factors: Strict guidelines The banking industry follows strict laws regarding structures to confirm frameworks within the industry. I do not understand this sentence. Economic factors: Easily influenced The banking industry and the economy are tied. Etisalats main vision to make their single share most value than their competing partners. The report expects 3G to account for just 2. Banks are unable to behave independently and must provide services based on specific laws that affect their growth and offerings.
This will also boost access to medical and educational facilities and increase business viability. Etisalat bought Tigo Sri Lanka. The recession had hurt this sector deeply. What and how they offer services is determined by politics and current governmental laws. Routine for building permits obtaining 3.
There is a positive growth but I assume it will be more visible in the year 2012 or so. Inflation affects currency and its value and causes instability. Growing smartphone usage brings profitable opportunities for all the subsectors in telecom. Measures for investments protection 3. Overall, these trends have proved highly favorable for the telecom industry. This change helps to save paper and the need to drive directly to the branch to handle these affairs. Many banks offer a mobile app to witness accounts, transfer funds, and pay bills on smartphones.
Businesses of all sizes, no longer limited by distance, will be able to reach new markets. The Government has a duty to maintain a good reputation in the foreign market to attract foreign investors. The aim of this study is to provide a tool which will assist strategy group and the management team specialists in making correct decisions as how to penetrate the Sri Lanka market and how to catch the maximum commercial opportunities in dealing with business partners in this country. Around 45-50% of people in Sri Lanka own a mobile phone now. An important part of the report is Porter Five Forces analysis that surveys an industry through five major questions What composes a threat of substitute products and services? The difficulties that will have to be dealt with significantly reduce profit potential and the firm can simply decide not to engage in any activity in that market. Technological factors: Smartphones to the rescue Once, it was expected to visit the local bank to make changes to financial accounts.
Customer service representatives are hired to solve problems via website live chat. For example, telephone companies install fiber wire in their builds over copper now. Fastest internet service in Sri Lanka provided by Etisalat. Gathering information about political, economic, social and technological changes + any other factor s. Verizon is already conducting field trials to grab the first mover advantage in 5G. Particularly issues with the government, monopolies, and customers. Notable are the downgrade of the fixed line growth forecasts even though with the new avenues to build communication lines in the North and East of the country.
Laos, Nepal and Bangladesh will follows. The new report has revised the its forecasts on Sri Lankan communication markets, including but not limited to fixed-line, internet and broadband services markets extensively with fresh data from authorities, operators and industry associations in Sri Lanka. For some it is because they are too busy with work and in case of others they cannot remain disconnected with family and friends. Socio-Cultural Environment There are around 80 institutions, including commercial banks, licensed specialized banks savings banks and development banks and licensed finance companies. Technological factors: India has seen entry of foreign developers with new technology and improved infrastructure.