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Jessops

In: English and Literature

Submitted By yeka89
Words 865
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1. Why might an organisation wish to carry out a PEST analysis? What are the four key components of a PEST analysis? How does a PEST analysis help to provide a picture of the challenges facing Jessops?
This case study reviews the external factors that have had an impact on Jessops’ operations and strategy. It shows how managers study the company’s external environment through a PEST analysis. This involves identifying the political, economic, social and technological factors in the external environment that could impact on the business. This information is then used to assess the company’s current position within the market.
The findings of the PEST analysis can be used by the board of directors to reassess business strategy and tactics. The board will decide what changes should be made to business operations to respond to external environmental changes. In this way, through carefully analysing the political, economic, social and technological changes in its external market, Jessops has been able to develop new business opportunities.
2. What has been happening to margins at Jessops? How have these margins been affected by changes in the economy, and by changes in competition in recent years?
Jessops has been a leader in the photographic business for over 75 years. The Jessops story began in 1935, when Frank Jessop opened a photography store in Leicester.
Today, the company is the UK’s premier photographic retailer operating from over 200 stores around the UK. In addition it has an online shop and call centre. Jessops is the trading name of The Jessop Group Limited, which is a subsidiary of Snap Equity Limited.
A key part of Jessops’ product portfolio is its photo and imaging business. Jessops operates in two main sectors of the photography market.
The modern photographic industry has changed radically. The business originally focused on producing prints from

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