STEEPLE Analysis of UK Supermarket Term Paper Example | Topics and Well Written Essays - 2500 words

STEEPLE Analysis of UK Supermarket - Term Paper Example STEEPLE (Social, Technological, Environmental, Economic, Political, Legal and Ethical) analysis is amongst the most effective tools that are used to monitor changes taking place in the environment of the business (Brown, 2007; Griffith & Harmgart, 2008); the analysis is done to identify all important factors that can have a significant impact on any organisation operating in the UK supermarket industry. Li (2008) and Vasquez-Nicholson (2011) emphasized that Morrison PLC is a dominant brand in the UK supermarket industry as it derives its competitive edge by doing STEEPLE analysis frequently. It has successfully achieved its target market size by exploiting all strengths and availing opportunities present in its external environment. STEEPLE Analysis of UK Supermarket Every market is significantly impacted by both micro and macro environmental factors, but macro environmental factors have more influence on operational activities of a business (Jarett, 2012). Each factor of STEEPLE ana lysis with its relation to the UK supermarket industry is discussed below: Social Analysis The current trends of consumers in the UK market depict that they are moving from one stop shopping to a bulk buying mode as there are various social changes happening in the country. Supermarkets have availability of various non-food items which are usually on sale in the market. There have been demographic changes because there is an increase in old people, the number of female workers is increasing, and there is a significant reduction in homemade meals (Davis and Relly, 2009). There is more emphasis on the private label share of every business mix, efficiency in supply chain, and improvements in operational activities so that the overall cost of business is reduced. Most of the retail giants in the UK are now shifting to local suppliers for their purchases and stock requirements (Vasquez-Nicholson, 2011; Waterman, 2007). In addition, consumers’ demand of products and services has ch anged because of their social conditioning along with their beliefs and attitudes (Lyan, 2007). Technological Analysis Technological developments have enhanced the service level of supermarkets in the UK as they have benefitted both consumers and companies. With the help of technological gadgets, products are available quickly, personalized services are offered to customers and shopping has become convenient (Akter, 2012). The major systems that have enhanced UK supermarkets’ functioning are Electronic Point of Sale, Efficient Consumer Response, Electronic scanners and Electronic Funds Transfer System; these systems have assisted inefficient distribution and merchandising activities so that requirements of each company are effectively communicated on time to the supplier (Grugulis, Bozkurt and Clegg, 2010). Environmental Analysis All organizations have to show that they engage in environmentally friendly activities; there is increased pressure on various managers and companie s for acknowledging their social responsibility and they are required to behave in a beneficial way for the society (Smith, 2004).

Fundamentals of Digital Image Processing Essay Example | Topics and Well Written Essays - 500 words - 1

Fundamentals of Digital Image Processing - Essay Example The researcher states that the children and the old man illustrated on the picture were maybe on vocation before the cows joined them. The cows, one big and the other small maybe its calf splashes water to a great length along the river meaning they have just joined the children. One child sees to touching the big cow with his/her left hand while the other enjoying as depicted by facial expression. The old man behind the cows is maybe waiving or raising his left hand a coincidence with the child touching the cow with the left hand. This picture was taken along the river or water pond. There seems good relationship between the two animals and the children; one child is touching the cow as the other enjoys the event. This leads to speculation that the animals come from the same family with the children or the old man behind the cows owns them as well as the children. The presence of the boys and the cows in the river depicts different cultures in the world. Although people inherit vari ant cultures they have been integrating with different animals both kept domestically or aesthetic. Intact the boys taking â€Å"shower† with the cows along the river with a grown-up man looking at the happening depict complete societal inheritance. The picture represents the striking contrast between the intense light of sun reflection or camera flash light and sky darkness. This invites several interpretations of the image. The two children topless one touching the cow while the other enjoy depicts meditation of innocence. The topless children one on bluish shorts and the other on creamy short beside blackish cows inform of an old man represent extinction of innocence and dawn of reality. Although there is certainty of really what the children are doing with the cows and what the old man is doing or saying the children are so close to the cows and seems to be doing something sinister or off-limits. Despite this, the children seem to enjoy the company of the animals.