The threats in the SWOT Analysis of Paytm are as mentioned: 1. This detailed PESTEL analysis of the UK aims to address some of the political, economic, social, technological, environmental, and legal issues affecting the UK today. The table below lists the SWOT (Strengths, Weaknesses, Opportunities, Threats), top Paytm competitors and includes Paytm target market, segmentation, positioning & Unique Selling Proposition (USP). In this Amazon Pestle Analysis we will discuss the opportunities and threats of external environment of this e-retail business. India’s Largest mobile commerce Started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile app and emerged to be among top e- commerce businesses Decide what to purchase, search across all vertica Enviro… This article has been researched & authored by the Content & Research Team. Audience in India is less the savvy as majority consider cash as primary currency. Paytm is largely accepted by merchants across India, which has helped the brand grow, 5. Paytm can cater to a larger audience with some offline presence as well, 2. The following are the strengths of Paytm: First mover advantage: Paytm was the first online payment company to set up operations in India. PESTEL or PESTLE analysis, also known as PEST analysis, is a tool for business analysis of political, economic, social, and technological factors. It is the first step on the road to adapting a strategy to fit real-life situations within a company. Strong marketing campaigns have helped spread brand awareness, 6. PESTEL ANALYSIS POLITICAL There is immense political pressure for SAA to bring back CSI, this after the airline took a unilateral decision without consulting its shareholder (Government) to shut down the department in 2014. You should limit your analysis to only include environmental factors which actually impact your company and its operations. environmental pollution (emissions, waste). These factors include but are not limited to: These factors can have a significant impact on your company’s performance and profitability. In this sense, they are differ from macro-environmental factors which also affect the company but cannot be controlled or influenced by it. Businesses are uniting with IONOS for all the tools and support needed for online success. Here are the weaknesses in the Paytm SWOT Analysis: 1. Researching the micro-environment usually involves analyzing the stakeholders, competition and industry. Paytm has got extremely high brand awareness across India, 2. Air Bed and Breakfast (Airbnb) is a US online short-term rental lodging company. PESTEL analysis is a very useful tool that helps business strategists to understand the impact of the macro-environmental factors on their businesses. Paytm SWOT Analysis Paytm Strengths Below are the Strengths in the SWOT Analysis of Paytm: 1. The technological factors you should consider in a PESTEL analysis include: The second “E” in the acronym “PESTEL” stands for environmental. Google is famous as a search engine but the brand has extended its presence in several other new areas too in the recent years. They became good friends when they both took admission in IIT and studied together. Amazon.comInc. Paytm can educated customers on accepting cashless transactions and online payments which would in turn boost their customer base, 3. PESTEL or PESTLE Analysis is a strategic business planning or market research tool for Small Businesses Owners to identify, analyze, and monitor the key macro external factors that impact their businesses now and in the future. This analysis results in a risk-reward catalogue which is used as the basis for further analyses for strategic marketing. PESTLE is a strategic planning analysis tool, which involves political, economic, social, technological, legal, and environmental forces that influence business operations and competitiveness (Haberberg, Rieple, 105; Allen, 54). Also, what are the opportunities and risks for your business operations, such as in terms of demand or the market behavior of customers, suppliers and competitors? 4. SWOT analysis of Paytm analyses the brand/company with its strengths, weaknesses, opportunities & threats. It has been reviewed & published by the MBA Skool Team. This risk-reward catalogue compiled from the environmental analysis can then be compared with the company’s internal strengths and weaknesses through a SWOT analysis. Get found. The following video was produced through a collaboration between Leiden University, Delft University of Technology and Erasmus University Rotterdam. In order to protect your privacy, the video will not load until you click on it. For example an Industry may be highly profitable with a strong growth trajectory but it won't be any good for PayPal Holdings, Inc. if it is situated in unstable political environment. Strengths in the SWOT analysis of Paytm : Strengths are defined as what each business does best in its gamut of operations which can give it an upper hand over its competitors. MBA Skool is a Knowledge Resource for Management Students & Professionals. When looking at political factors, you are looking at how government policy and actions intervene in the economy. This helps to determine the scope of action and to develop measures for strategic management. PESTEL can also be written as PESTLE. In this kind of assessment, you are provided a case study, and based on that you are required to conduct a PESTLE analysis. Retail Pestle Analysis Changes in world demographics also have weighty sociocultural implications for the confectionery industry. Western European populations are growing very slowly and in some instances actually declining (Eastern European countries have negative growth rates) while Africa, parts of Asia and South America have rates of population growth near 3 percent per year. Enter the web address of your choice in the search bar to check its availability. With this method, you can avoid financial downturns and business setbacks from the start. Offers multiple cashback options to customers, 4. It illustrates the connection between PESTEL and SWOT analysis in three and a half minutes. government expenditure on research and development. Using gap analysis, you can see just how much they will differ from the outset. • It is owned by One97 Communications. 2. Following are the Opportunities in Paytm SWOT Analysis: 1. PESTEL business analysis is a framework for helping entrepreneurs and business people to understand the impact of macro-environmental factors on their business.. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. In practice, analyses based on the PESTEL model are used in conjunction with studies on the micro-environment as part of the overall environmental analysis. Security and privacy of user is a concern for Paytm. A market analysis is a key element of every business plan and makes sure that your idea or your plan is fit for the future. This aspect of the PESTEL/PESTLE analysis modelfocuses on governmental activity and its effects on businesses and their remoteor macro-environment. Below are the Strengths in the SWOT Analysis of Paytm: 1. Tax PolicyAd Valorem TaxThe term “ad valorem” is Latin for “according to value,” which means that it is flexible, and it depends on the assessed value of an asset, product or service. Examples of this include: Technological developments can also lead to both opportunities and risks for your business model. Nevertheless, you should examine the previously mentioned factors separately in the PESTEL analysis and determine the status quo as well as current trends. Politicalstability of developed countries, especially the U.S.A. and European countries(o… Microeconomic business environment factors cannot always be directly controlled, but they can always be influenced. Rapid Development Hinders Analysis: In the present era of development, the pace of change is so fast that it becomes difficult to conduct PESTLE analysis effectively. Banks offering ewallets on their saving accounts, 2. A popular method for researching the macro-environment is PESTEL analysis. Labour Law 3. PESTLE Analysis. Nathan Blecharczyk, Joe Gebbia, and Brian Chesky are the founders of Airbnb, and they established the company in 2008. Paytm is one of the leading brands in the IT & Technology sector. The micro-environment refers to the immediate business environment: the particular industry, competitors and all stakeholders of a company. The objective is to identify factors from all significant areas of society which have a direct or indirect impact on your company and its activities on the market. You can obtain a great deal of information free of charge from government institutions and trade associations. Often in projects, the actual execution of something will differ greatly from the original plan. PESTEL or PESTLE analysis, also known as PEST analysis, is a tool for business analysis of political, economic, social, and technological factors. Francis J. Aguilar, a professor at Harvard Business School is considered to be the founder of the PESTLE Analysis in 1964. PESTEL analysis provides great detail about operating challenges PayPal Holdings, Inc. will face in prevalent macro environment other than competitive forces. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. Grow online. Technological developments as well as political decisions also often influence the economic scope of action. Flipkart started its operations in 2007 as an online book store and the first book it sold was “Leaving Microsoft to change the world”, since then it has progressed to become a $7billion company and expanded into many other categories. While STEP refers only to. PESTEL analysis is an extension of STEP analysis. Any opinions, findings, conclusions, or recommendations expressed in this material are those of the authors and do not reflect the views of BusinessTeacher.org. 1. customs policy (import and export duties), an increase in investments in the target sector and. PESTEL analysis – definition of PESTEL analysis If you liked any of these articles, please feel free to share with others by clicking on the icons below. Their objective is to identify any opportunities or risks which may arise from the business environment. The most c… operates alongside political influence. • It was launched in 2010 and adds to the industry of FinTech in India. The following factors play a key role: Your company’s scope of action in a targeted market largely depends on the legal system of the country in question as well as the legal awareness of the general population. Pestle analysis of Tesla. These include the following: 1. Also enter your email address at the bottom of the site to ‘Join us’ free for our newly published articles and newsletters. Online payment systems with high customer base and acceptance, People with smartphones looking for cashless payment transactions, Urban tier1 tier2 cities- young and middle aged people, Paytm can be used as an alternate for cash to make payments for daily basic needs. the availability of natural resources (raw materials, mineral resources). Tesla Motors Inc. is an American electric vehicle manufacturing company. Information in this PESTEL analysis should not be used to form the basis for any kind of financial or investment advice, as the content may contain inaccuracies or be out of date.. In Paytm SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors. governmental regulation and deregulation. PESTLE analysis is a strategic management tool that businesses use to identify macro-economic factors that it needs to consider. PESTEL analysis’s political factors include all governmental aspects which directly or indirectly affect your company’s business activities. Both acronyms refer to the same analysis method. A PESTLE Analysis is a hypothesis under the category of marketing principles ensuring business growth and profitability. Introduction Pestle analysis of Airbnb. The most common ad valorem tax 2. What is a PESTEL/PESTLE Analysis? occupational health and safety requirements. In marketing theory, we differentiate between a microeconomic and a macroeconomic business environment, also known as the micro- and macro-environment. As an acronym for political, economic, social, technological, environmental factors, PESTEL assesses how these factors may impact on business … • Uses: the PESTLE analysis enables a manager to identify the key macroeconomic factors that may have an influence on the future development of the business. Introduction . In this blog, we have discussed the pestle analysis of the fashion retail industry. An ad valorem tax is charged by state and municipal governments, and it is based on the assessed value of a property or product. Paytm was able to scale up its business quickly after demonetization, 3. They both worked for Amazon and both shared the same dream of forming a… 5. Information from international organizations, ABC analysis: a method for business planning, Gap analysis: the starting point for successful strategic planning. Offer more banking services along with online payment options. Strong investments from Ratan Tata, Alibaba group etc have strengthened Paytm's position. There are different definitions of social statusin Malaysia like rich families send their kids to foreign countries, they’ve got a lot of money and their English must be really good. In practice, analyses based on the PESTEL model are used in conjunction with studies on the micro-environment as part of the overall environmental analysis. PESTLE analysis. Paytm was able to scale up its business quickly after demonetization. Offers multiple cashback options to customers. • It is India’s the largest, popular and fastest growing payment service platform. ABC analysis identifies which goods or customers generate the most revenue. PESTEL analysis of the UK. A change in an environmental factor, such as an increased environmental issues in a region, usually also has legal or socio-cultural implications, such as environmental regulations being imposed and a growing environmental awareness among the population. 3. These factors include but are not limited to: Analyzing political factors mainly helps identify tariff and non-tariff trade barriers which might make it more difficult for you to enter a target market, posing risks to your business model. The environmental factors include physical and geographical features such as: More and more companies are also focusing on environmental aspects when making business decisions. This makes it easy to determine which items are very important and should be prioritized (category A) and which only contribute a small amount to the total value (category C). An ad valorem tax is charged by state and municipal governments, and it is based on the assessed value of a property or product. Tax PolicyAd Valorem TaxThe term “ad valorem” is Latin for “according to value,” which means that it is flexible, and it depends on the assessed value of an asset, product or service. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. Published on May 7, 2016 May 7, 2016 • 78 Likes • 2 Comments However, it didn’t commence as PESTLE but started as ETPS and covered four broad factors namely Economic, Technical, Political and Social aspects. Started as bookstore and diversified its business model to everything you can imagine. Paytm Payment Bank: The Beginning of Cashless Economy ! Executive summary 2. When looking at political factors, you are looking at how government policy and actions intervene in the economy and other factors that can affect a business. Initially, it was known as PEST Analy… SWOT analysis is key to making a business plan which might be prepared for a startup or for a company repositioning itself, just to give a couple of examples. It assigns individual items to specific categories based on how much they contribute to the total value. Quizzes test your expertise in business and Skill tests evaluate your management traits. Can you identify the driving forces which will bring about these changes? This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. The BrandGuide section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2800 brands from over 20 industry sectors. Martin Eberhard and Marc Tarpenning are the founders of Tesla motors and they established the company in July 2003. Amazon is an e-commerce industry leader founded by Jeff Bezos in 1994. The content on MBA Skool has been created for educational & academic purpose only. PESTLE ANALYSIS KEY INFORMATION• Names: PESTLE analysis, PESTEL analysis, PESTLE framework. This is the only way to ensure that you will be able to develop practical strategies and action plans from the risk-reward catalogue you drew up during the SWOT analysis. PESTLEanalysis.com is an educational website collecting all the information and resources related not only to PESTLE but also SWOT, STEEPLE and other analysis that will come useful to business owners, entrepreneur, and students alike. Paytm has got extremely high brand awareness across India. A PESTEL/PESTLE analysis of Google . In PESTEL analysis, you develop a detailed description of a company’s macro-environment in terms of political, economic, socio-cultural, technological, environmental and legal factors as well as their effects. 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