The analysis utilized to determine the position of company in the market is done by using PESTLE analysis, given in Display A. Iflytek Leading Chinese Speech Technology works under the rules and policies directed by federal government and food authority. The company is more focused on its items and services to make sure about the item quality and safety.
Political.
The political impact on the business is significantly influenced by the government laws and regulations. In efforts to make excellent food, Iflytek Leading Chinese Speech Technology is altering the standards of food and beverage manufacturing.
Economic.
Initiation of business where the capital income of each individual matters for the increased net sale as this varies country-to-country. The economy of the Iflytek Leading Chinese Speech Technology Business in U.S. is growing year by year with variable products launch specifically concentrating on the dietary food for babies.
Social.
The social environment keeps on changing with regard to time like the mindset of the consumer along with their lifestyles. Any service or product of any business can not be successful till the business is not concerned about the living system of the consumer. Iflytek Leading Chinese Speech Technology is taking procedures to meet its goals as the world is in search of healthy and tasty food.
Technological.
In the development of business, strategic steps are rather compulsory. Iflytek Leading Chinese Speech Technology is one of the top famous international firm and by time it purchases different departments to take its products to brand-new level. Iflytek Leading Chinese Speech Technology is investing more on its R&D to make its items healthier and nutritious offering consumers with health benefits.
Legal.
There is no such effect of legal elements of Iflytek Leading Chinese Speech Technology as it is more concerned over its laws and policies.
Environmental.
Iflytek Leading Chinese Speech Technology, in terms of ecological impact is dedicated to operate in environmentally friendly environment with preservation of the natural resources and energy. As due to the manufacturing of bigger number of items there might be a danger if the resources used are recyclable or not.
Exhibit A: PESTEL Analysis
