PESTEL Factor
Remarks
Political
Different countries have different rules and regulations as to what types of chemical is allow or prohibit government in different countries need to prevent wars, and terrorist attacks solid political impact due to government contribution of funds and business
Military aviation(government sector aviation) subject to safeguard spending plans and obtainable arrangements which decides the spending of new engines primary expect to secure ascension in the middle of government and industry and get ready for future difficulties
Economic
bad economy leads to worldwide recession un-efficient cost of production
Fuel price increased inflation of money worldwide
Different countries have different taxation rates and interest rates increasing competitive globally
Global foreign exchange rates
Socio-cultural widespread disease worldwide (eg. Hepatitis B, SARS) conflicts globally especially middle east
Terrorist attacks
Global market asking for better fuel efficiency aircraft engine as fuel prices affect the annual income
Urban countries is affected by overcrowding of air-craft which is asking for larger aircraft. with larger aircraft leads to powerful/ efficient engines needed
Cultural differences in different countries will affect the global consumers and aerospace industry
Technological advance technology support …show more content…
According to Rolls Royce annual report 2014, marine have the lowest income. It would be better if the company can take a look at the engines produces for marine and make improvements to generate better income. Over the past decades, Rolls Royce have been successful on its prestigious engine manufacturing for air, land and sea, but there is always room for improvement for a much better and improved engines for the future. Rolls Royce should improve in their customer service as it is one of the most important key factor to run a
Remarks
Political
Different countries have different rules and regulations as to what types of chemical is allow or prohibit government in different countries need to prevent wars, and terrorist attacks solid political impact due to government contribution of funds and business
Military aviation(government sector aviation) subject to safeguard spending plans and obtainable arrangements which decides the spending of new engines primary expect to secure ascension in the middle of government and industry and get ready for future difficulties
Economic
bad economy leads to worldwide recession un-efficient cost of production
Fuel price increased inflation of money worldwide
Different countries have different taxation rates and interest rates increasing competitive globally
Global foreign exchange rates
Socio-cultural widespread disease worldwide (eg. Hepatitis B, SARS) conflicts globally especially middle east
Terrorist attacks
Global market asking for better fuel efficiency aircraft engine as fuel prices affect the annual income
Urban countries is affected by overcrowding of air-craft which is asking for larger aircraft. with larger aircraft leads to powerful/ efficient engines needed
Cultural differences in different countries will affect the global consumers and aerospace industry
Technological advance technology support …show more content…
According to Rolls Royce annual report 2014, marine have the lowest income. It would be better if the company can take a look at the engines produces for marine and make improvements to generate better income. Over the past decades, Rolls Royce have been successful on its prestigious engine manufacturing for air, land and sea, but there is always room for improvement for a much better and improved engines for the future. Rolls Royce should improve in their customer service as it is one of the most important key factor to run a