Caribbean Business Environment

TABLE OF CONTENTS TOPICPAGE Executive Summary3 Background4 frugal Environment5 Social Considerations6 - 7 Political Considerations7 - 8 The industrial Relations Climate8 - 9 The Current State of the hugger-mugger Sector9 -10 Technological and Infrastructural Capabilities10 - 11 Conclusion11 accompaniment12 Bibliography12           EXECUTIVE SUMMARY This compensate provides an analysis and evaluation of the factors that would affect the trading operations of a hotel that our company is interested in setting up in Jamaica. To effectively undertake this study, a PEST (Political, Economic, sociocultural and Technological) analysis was carried out. The PEST Analysis looked at Jamaicas remote business environment and examined the economic environment (including monetary and pecuniary policies), social and political considerations, the industrial relations clime, current separate of the private sector, technological and other infrastructural capabilities. All supporting entropy can be found in the appendix and bibliography. Our report found the prospects for setting up a hotel in Jamaica to be quite challenging.

The main areas of concern to us were: The high rising prices rate High interest rate Governments high expending reflected in the high debt-to GDP ratio The alarming crime rate Corruption The world(prenominal) recession Despite these negatives, we are optimistic that our hotel stands a good get hold of survival given the fact that Jamaica is a prime holidaymaker destination. With over three million visitors flocking to the countrys shores every twelvemonth our hotel stands a good chance of surviving and remaining workable once the correct business ideas are implemented, the economy rebounds from the global recession and both the external environment and investment climate remain attractive to investors. BACKGROUND Jamaica is the third... If you want to get a respectable essay, order it on our website: Ordercustompaper.com

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