Social
Technological
Economic
Environmental
Political
- Friendlier work environments
- Collaborative office spaces
- E-commerce
- Production Costs
- Certifications
- Imports from low-cost countries
Table 1. Top Four Factor STEEP Analysis
Top Four Factor STEEP Analysis
Social: Friendlier Work Environments & Collaborative Office Space
Within the Office Furniture Industry, we have witnessed a vast change in the Social spectrum of the STEEP analysis. Many new social norms have risen to the surface such as: collaborative workspaces, healthy ergonomic arrangements and standing tables. Companies have opted out of the norm: a cubicle like office layout, instead a friendlier environment is key. For example, Google. They have …show more content…
The demand for office furniture seems to be everlasting because everyday people decide to create organizations that need to be facilitated. Although the trends may vary they do not change overnight. The Office Furniture Industry is a slow changing industry that allows its participants to adapt when the capital is available. The importance is, to not lose the overview on technological advances in saving costs and marketing to businesses such that a competitive advantage is maintained. A niche within the industry was identified during this research that realized no company created free room modeling software was available which includes the furniture models displayed in a company’s