Thursday, January 9, 2020

PEST analysis of Siemens - 703 Words

Siemens AG PESTLE Analysis Political Factors Siemens AG will be subject to legislation in any country within which they are operating. With the head office in Germany they are subject to German and European corporate law. In the U.K Siemens must obey English legislation specific to that market. For example The Trades Descriptions Act, which states that a company may not falsely advertise any of its products or services. Also effecting the company s operations in Britain are the Sale of Goods Act and the Consumer Protection Acts that enable the consumer to have certain rights if they are supplied with faulty or damaged goods. As a multinational company Siemens will be subject to the fiscal policies employed by governments within a†¦show more content†¦These negative knock-on effects can be costly to Siemens sales turnover. Social factors In the modern society people are relying more and more on electrical goods for everyday use. Most people find that there are a number of electrical goods such as mobile phones that they say they could not live without in the modern world. There is a constant updating and changing customer demands for new and improved electrical gadgets. In 2003 regulators were investigating claimsShow MoreRelatedNoki A Finnish Multinational Communication And Information Technology Company Essay1489 Words   |  6 Pagesreturn to the mobile phone market through HMD global Nokia networks was known as Nokia Siemens Networks (NSN) and multimedia data networking and telecommunications the company headquartered in Espoo Finland. It was the fourth largest telecoms in the world at 2011. The NSN brand was launched at 3GSM world congress in February 2007 as a joint venture between Nokia. In 2013 Nokia brought back shares in Siemens Network for sum of US$2.12 billion then renamed to Nokia networks. 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