We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Premium+

PESTEL and Porter Five Forces Analysis for the Metro Bank - Essay Example

Comments (0) Cite this document
Summary
Political forces in the United Kingdom tend to favor the banking industry in the country because of the positive economic impact it has on the country’s economy, but at the same time, this force impose strict regulations on banks (Chrystal and Mizen, 2006). …
Download full paper
GRAB THE BEST PAPER
PESTEL and Porter Five Forces Analysis for the Metro Bank
Read TextPreview

Extract of sample
PESTEL and Porter Five Forces Analysis for the Metro Bank

Download file to see previous pages... PESTEL and Porter Five Forces Analysis for the Metro Bank

The topic of the present essay is Metro Bank PLC - a retail bank operating in the United Kingdom. It outlines the basic forces which are favorable to the banking industry in general and to Metro Bank specifically. Among such Legal, Technological, Socio-cultural, Economic and Political forces are discussed. The second part of the paper presents the PESTEL analysis of the bank in question. The threat of new entrants, power of customers, competition in the industry, power of suppliers and threat of substitutes are analyzed.

The improved economic performance of the UK’s economy after the 2008 to 2010 economic recession has given businesses including banks a new lease of the life as the economic situation are favorable meaning that there is high likelihood of generating substantial amounts of profits. Yet, it must be understood that this recovery is limited and might take over a decade in order to come to a complete level of fruition. By much the same token, the nascent recovery itself could be called into question by even a simple market fluctuation in the very near future.
Socio-cultural force

According to Chrystal and Mizen (2006), UK is a host to some of the oldest and world-renowned banks, which means that the culture of banking pre-exists amongst the British people and therefore, Metro Bank is likely to perform well since this force favors its business.
As has previously been specified, the level and extent to which trust is exhibited in the system has a profound level of sociocultural importance. Due to the impact of the lost trust associated with the bailouts that took place several years ago, a significantly reduced level of consumer confidence exist with regards to the banking industry and any further action that might seek to revive this lost trust can severely impair the manner through which such a service would be offered. Technological forces The UK as a country is largely driven by technology and the banking industry has greatly embraced information technology meaning that for Metro Bank to compete effectively it has to integrate IT within its business processes (Chrystal and Mizen, 2006). Technological forces that could be evidenced have to do with the fact of the rapid technological change that the sweeping each and every industry in the market. In such a way, the technological threat could be with respect to an entirely new platform or paradigm shift with regards to the banking industry and the inability of the entity in question to rapidly integrate with this paradigm shift and provide services to the consumer base accordingly. However, by the same token, if the service provider/bank is able to integrate with a new level of technology in an efficient manner prior to the competition, this could provide a noted benefit and exponentially increase the level of service provision that it could accomplish. Legal forces After the 2008 to 2010, Chrystal and Mizen (2006) stated that legal regulations in the UK’s banking industry have increased drastically but since Metro Bank was issued with a license it means that it was able to abide by the laid down legal requirements. Of all of the information that is thus far been engaged, the legal threats, strengths, weaknesses, and opportunities that exist for a given banking entity are perhaps the most important. Due to the fact that a simple law for an entire combination of laws in the form of parliamentary legislation could adversely impact the way in which profitability, this potential for change is the most impactful of all of the others which have been discussed. Analysis of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“PESTEL and Porter Five Forces Analysis for the Metro Bank Essay”, n.d.)
Retrieved de https://studentshare.org/macro-microeconomics/1489097-pestel-and-porter-five-forces-analysis-for-the-metro-bank
(PESTEL and Porter Five Forces Analysis for the Metro Bank Essay)
https://studentshare.org/macro-microeconomics/1489097-pestel-and-porter-five-forces-analysis-for-the-metro-bank.
“PESTEL and Porter Five Forces Analysis for the Metro Bank Essay”, n.d. https://studentshare.org/macro-microeconomics/1489097-pestel-and-porter-five-forces-analysis-for-the-metro-bank.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Strategic Management, Organisational Strategic Analysis on Barclays PLC
This paper examines the ways that a multinational company could use identify the strategies to follow at its business, corporate and international levels. The case study here is Barclays PLC, with an emphasis on its Business Banking unit.
20 Pages(5000 words)Essay
PESTEL analysis for Bank Barclays
The bank is spread across the world and commands strong existence in Europe, Africa, the USA and Asia. The company has it’s headquarter in London, UK. The Barclays Bank aims at making their services and products available for helping to achieve the financial goal of the customers that would in return help the bank to grow economically (Barclays, n.d.).
4 Pages(1000 words)Essay
The five forces analysis for Morrisons

According to the study conducted Threats of new entrants are potentially high in the UK retailing sector. Development process of superstores is lengthy and requires heavy capital investments. Also, Tesco, ASDA, Sainsbury’s and Morrisons make up 80% of the retail market in the U.K giving them the benefits of an oligopoly.

3 Pages(750 words)Essay
The Five Forces by Michael Porter
The model gives emphasis on the competitive strategy that an organization implements in accordance to their understanding of the structures in the industry and the changes they undergo (Bakos, 1998). Porter's has initiated the five forces that formed each industry and each market.
10 Pages(2500 words)Essay
Amazon-Pestel -swot -porter 5
zon focuses on convenience price and selection and so one of the services the company offers is that of facilitating the sale of used books, music and a wide array of products on its web sites (Annual Reports .com 2011). The company has used technology to transform the book and
4 Pages(1000 words)Essay
5 porter forces
The building porter forces under Michels Patisserie, a large cake business influence the potential gains in the company and they include: Rivals in a business context can exploit markets and even destroy it depending on the capacity to compete well.
2 Pages(500 words)Essay
Porter forces five
However, business ventures always operate with the main motive of making profits. Therefore, profit maximization is always the key issue that drives all the
1 Pages(250 words)Essay
Porters five forces analysis - Beats by Dre
This kind of software was facilitated by the new technology, which really boosted its output and adoption in the world. The company also established a service where people could subscribe to their streaming music from all corners of the world as long as they had internet
8 Pages(2000 words)Essay
Boeing Porter's Five Forces Industry analysis
Furthermore, this industry is characterized by very high oil prices, which makes it difficult for airlines to post profits (Mouawad, 2). This is because they will have to travel when their capacity is full, that when the companies will be guaranteed of some profits. It
2 Pages(500 words)Assignment
5 Porter's Five Forces on Amazon
4). These two factors raise the bargaining power of Amazon buyers. When Amazon fails to offer the lowest possible offers, the customer will simply search the internet for the next best price. Amazon enjoys a
2 Pages(500 words)Essay
Let us find you another Essay on topic PESTEL and Porter Five Forces Analysis for the Metro Bank for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us