Pestle Analysis for Singapore Supermarket - 1011 Words

Issue | Impact on Business | Political | * To facilitate the take-off of e-commerce in Singapore, the Government has been putting in place a supportive legal and policy framework. For example, the Electronic Transaction Act, passed in Jul 98, provides a favourable legal environment for safe and secure e-transactions. * The government provides direct subsidies and fiscal incentives to support companies embarking on e-commerce initiatives. One example of a direct subsidy program introduced is the eBusiness Industry Development Scheme (eBIDS), aimed at encouraging companies that already have existing e-commerce capabilities to further expand the scale and scope of their e-commerce activities. eBIDS cofunds companies’ investment in†¦show more content†¦By most indicators, Singapore has also achieved among the highest rates of penetration of ICT and Internet usage in Asia, reaching levels comparable to the United States and Scandinavian countries in some cases. | * S hopping online on a one-stop shop for your daily necessities and groceries will provide more convenience for people in general and more importantly the elderly, who have less energy to shop outside at physical stores. Providing a timely delivery service together with an accommodating range of products beyond just food and beverage could prove very lucrative by tapping into a potentially new market. We can promote healthy options or organic variants for food categories and offer discounts to cater to and target the health conscious segment of the market. * E-grocery shopping will become an increasingly attractive option for those without cars due to its sheer convenience and the increasing proliferation of the internet among general consumers. | Environmental | * Corporate social responsibility is one of the key agendas in the government s efforts to brand our country as Sustainable Singapore . Sustainable development for Singapore moving forward together as an individual or a c ompany is defined as: * As efficient: we develop with less resources and waste * As clean: we develop without polluting our environment * As green: we develop while preserving greenery, waterways and our natural heritage *Show MoreRelatedPestle Analysis Essay example2031 Words   |  9 Pages1. Introduction to the assignment and summary of the selected business. 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