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Ministry of sound
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PESTEL Analysis: Political:
trying to build a drug-free safer and cleaner environment. Economic: 1. club economic boom within 10 years, Palumbo build an empire of £150m. 2.build a distinctive logo to related the club to business. Social: 1.dance culture is raw and disrespectable among people. 2.society related club culture to drugs.
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PESTEL Analysis: Technology:
1.invested heavily in club facilities and sound equipment. 2.sell branded DJ equipment and offer branded mobile phone games. 3.encompassing radio, touring and record compilation. Environment: clubs used to reminds people of drugs and violence, ministry of sound team aim to establish a drug-free world. international arm help.
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PESTEL Analysis: Legal:
Bangkok’s Ministry of sound closed after a change in local laws restricted late-night attractions.
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Opportunities & threats in 2004:
Ministry of sound owns a distinctive logo, which have large potential in merchandising, like clothing, customer hi-fi products. Put club music on the webs or radios. Chances to do ‘strategic alliance’. Offer branded mobile games. Have the ambition to have a club in every big city in the world. Threats: Dance music going out of fashion. Live music audiences growing. Young people who wanting to be cool will not want to buy into that.
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Critical success factors:(CSF’s)
Build a healthy club environment.(drug-free, no violence) Make a distinctive club brand(logo) for business. Develop an brand of this club. Apply high technology in practice(hi-tech equipment & high quality DJs). Put their music on website or radio channel. Start to sell branded DJ equipment and offering branded mobile phone games.
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