Pestel analysis of telecommunication industry in sri lanka. Assignment 1 2022-10-17
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The telecommunication industry in Sri Lanka has experienced significant growth and development in recent years, thanks to the government's efforts to improve infrastructure and increase access to telecommunications services. A PESTEL analysis of the industry can provide insight into the key drivers of this growth and the potential challenges that may lie ahead.
Political factors: The government of Sri Lanka has taken a proactive approach to the development of the telecommunication sector, with a focus on increasing access to telecommunications services in rural areas and promoting competition among providers. The regulatory environment has been relatively stable, with the government issuing licenses to new players and allowing for the entry of foreign companies.
Economic factors: The telecommunication industry in Sri Lanka has benefited from strong economic growth in recent years, with increasing disposable incomes leading to higher demand for telecommunications services. The country's relatively low labor costs have also made it an attractive location for telecommunication companies to set up operations.
Social factors: The increasing availability of telecommunication services has had a significant impact on the way in which people in Sri Lanka communicate and access information. The proliferation of smartphones and the expansion of mobile networks has made it easier for people to connect with each other and access the internet, leading to a greater sense of connectedness and access to information.
Technological factors: The telecommunication industry in Sri Lanka has benefited from advances in technology, including the roll-out of 4G and 5G networks and the increasing adoption of fiber optic cables. These technological developments have improved the reliability and speed of telecommunications services and enabled the expansion of services such as high-definition video and streaming.
Environmental factors: The telecommunication industry in Sri Lanka faces some environmental challenges, including the need to dispose of electronic waste in a responsible manner and the potential impact of electromagnetic radiation on human health.
Legal factors: The telecommunication industry in Sri Lanka is subject to a range of legal requirements, including the need to comply with data protection laws and the requirement to obtain licenses to operate.
In conclusion, the telecommunication industry in Sri Lanka has experienced significant growth and development in recent years, driven by a range of political, economic, social, technological, environmental, and legal factors. While the industry faces some challenges, it is well positioned to continue to grow and evolve in the coming years.
Telecommunication industry in Sri Lanka: Business Report 2022
Would it have to accept the first offer of support or would its long-time allies from other foreign governments come to the rescue? Among them, the Dialogs initiative to setup the Dialog Research Lab at the University of Moratuwa is of importance because it effectively enabled Dialog to provide tailor made solutions to the local market. The second alternative will give Dialog Telekom and its employees much needed breathing space. In this industry, service providers are the major drivers. The country needs a lot of reforms like equal treatment of minorities, human rights, communal harmony, and a stable political environment in order to compete with the world. However this can be vastly improved to include alliances with insurance companies, stock brokers, popular food chains etc. Hence if Mobitel improves on its VASes it would become a serious threat at a stage at which only the rates would decide the attraction of that segment of the market.
During the past two decades, terrorist activities have remained constant as well. Mallawa Arachchi, 2021 The Sri Lankan economy mainly comprises exports, the tourism industry, the industrial sector, and foreign employment amounting to 27% of the GDP L. Development in the industry include functional jobs in the mobile telephony, wireless communication, GPRS, GSM, CDMA technology, VoIP AND optical network amongst others. Fewer trade barriers could mean better growth rate for the US based network providers. Is there a threat of new competitors entering the market? Secondly governments from all parties adhere to the treaties made by the previous governments. Other minority religions are Hinduism 12.
PESTEL Analysis of Telecommunication Industry Sample Essay
The license allows up to five users have access to the product. Stability strategy to continue with current activities without any changes to the direction would be the second alternative. We shall make a PEST Analysis of the Country and find some facts about them. The first alternative will move Dialog Telekom further away from the competition and create a monopoly temporarily for converged industries of telecommunication, content, media and retail. Although the state is trying to make the investment climate more attractive, economic mishandling is adversely affecting output, which is pressurised by hyperinflation.
Still, the worst part is reducing government revenue affected by the heaps of other problems due to the pandemic situation in the country, which led Sri Lanka to a substantial economic crisis that we face today. If the government in unstable it can be viewed as dangerous and unpleasant to visit. Rewards and benefit schemes are in line for the top performers and better achievements. Analysis of the future environment 8 5. As per a USCIB 2016 report, there is an extensive list of countries that maintain trade barrier against the US telecom companies. Dialg is come with an strong strategies in the market Low switching cost Available wide variety of choices to the customers.
Environment factors Climate changes and global warming can affect how telecommunication products reach customers. Dialog Telekom accounts for more than 50% of Sri Lankan mobile phone subscribers. Interest rates, inflation, and taxes affect the telecommunication industry. Telecommunication has become a vastly important aspect of the daily life of the average person. The country comparatively has not performed well enough to adapt technological changes on a timely manner.
However Sri Lanka lags dynamics incorporated by India to attract foreign direct investments. International Journal of Economics and Management Studies, 7 6 , 73—77. Customers wish the government to acknowledge the internet as a basic human right. As in each Strategic Business Unit SBU works independently and every function of each SBU has communication linkages with one another. EUR 4536 USD 2349 GBP 3,548 CD ROM PRICE The report will be emailed to you.
INTRODUCTION OF TELECOMMUNICATION INDUSTRY Telecommunication is the transmission of messages over significant distances for the purpose of communication. Basic terms of providing business loans by banks 3. It is the telecom sector that stands to gain the most from these technological trends. Customers demand and telecom companies are expected to deliver. Wifi and web are now an everyday part of life.
Customers, companies, and the government are divided on how the industry should develop. The recommended alternative depends on the competitive scope in this situation. Environmental Factors that Impact The Sri Lankan Health Crisis and the Middleman - Paris Climate Agreement and Commitment of National Government under the Agreement — What are the commitments of the country under the Paris Agreement and what is the general level of consensus regarding Paris Climate Agreement in the country. Sri Lanka Telecommunications Industry 1. The recession had hurt this sector deeply. Coronavirus disease covid-19 pandemic.
Sri Lanka Telecommunications Market Analysis Report 2019
The previous version becomes redundant or unnecessary. However though Sri Lanka identified importance of liberalization early as in 1977, due to political interventions bureaucratic attitudes inherited from colonial reign and poor governance, the country as a whole and specifically the industry has not grown as it was foreseen at the time of liberalization. Basic needs in smartphones, like voicemail, caller ID, and messaging are covered. Idea cellular, Reliance comm and Aircel are also in the race as they lack in the infrastructure when compared with Vodafone and 2. It can improve this by having unique Value Added Services for each of its current strategic business units DBN, CBNSAT and Dialog Telekom itself. Most adults between the age of 40-60 were affected by the pandemic because of the life-threatening condition of the virus, which resulted in many aspects of the collapse of the domestic economy since most of the people faced difficulties earning daily wages during the lockdowns.
