Intel has long been striving to attain perfection in providing satisfactory customer services under government regulations throughout the world. Intel's main concern is to help develop focus on markets and offer hardware that matches needs of the ever growing software industry. Intel has launched many jobs before in association with educational institutions and governments of various countries across the globe to increase scientific awareness among the list of people of the planet and help them, unleash their creativeness.
Intel's recent "Teach to the near future" program premiered within developed countries in association with their educational establishments to provide first-hand understanding of modern processing technology. Intel has also launched a program with the support of several government institutions within developed countries like Pakistan to provide educational corporations with first class technology at a very low priced.
Political effect is of great importance to Intel and so sincere work have been made and are required in the future to maintain general population interest in the business. There is an increasing awareness among the list of stakeholders in public programs of Intel which must be satisfied to ensure prolonged support and investment of stakeholders in the company.
The political system of underdeveloped countries like Pakistan provides great chance to Intel for growing their business by loaning a helping submit development activities in these countries. With an increase of awareness in modern technology through proper education and training, Intel can create high market demand for its products in these countries.
The absence of import duty in Pakistan and the work of the federal government and other non-government organizations to promote development of technical sector in Pakistan present Intel with great opportunities to launch its products in Pakistani marketplaces.
Political instability might cause a threat which may become a factor for Intel's reluctance in releasing new products directly in Pakistani marketplaces. The political uncertainty in Pakistan and other under developed countries like it reveals a great hurdle in establishing and keeping product market in these countries, especially under economical constraints.
ECONOMICAL
The economic tough economy posed a great hazard to Intel's product market in many countries as the consumer demand for latest products reduced noticeably. The incredibility of credit even in developed countries has turned into a significant problem in creating and keeping a well balanced market for Intel's products.
In this situation, competitors pose a vital menace to Intel's product market with the cheaper higher performance solutions and thus some considerable portion of consumers have shifted to other brands.
However, low cost of labor in countries like Vietnam, Malaysia, China, India, Pakistan and many other countries of the same category provide Intel with an opportunity to continue large size creation at lower costs which in turn would produce products which lie under the affordable strap for most consumers.
Large scale development of silicon products in China has shown to be very successful for Intel as now with the ability to meet up with the market dependence on cheaper yet high quality products. Low priced of development is the key factor why Intel chose to invest in China which decision has proven to be quite beneficial.
The individuals are the main concern of the business and thus the satisfaction of consumers is necessary to keep market share on the market. In the monetary recession of today's world, the consumer needs have shifted to reasonable quality low cost products alternatively than high quality expensive products. Therefore, Intel needs to identify the necessity of the consumers and produce products which meet up with the market requirement.
Although the financial recession has also affected the business itself, the increased loss of profitability can be get over by large level production in countries with cheap labor and technical costs.
One factor that needs to be acknowledged here's that even though some countries might be feasible in conditions of financial position but the rate of development of technology may not be well suited for investment by Intel as was the case with India in the first fifty percent of this ten years. As a result Intel decided Vietnam for investment despite its unstable political conditions.
The cost as well as quality of workforce is of great significance to increasing the economies of creation and therefore only those countries present good opportunities for the business's development which good quality of workforce available at low cost.
SOCIAL
Social factors such as demographics and ethnic influences are of great importance for a firm. Each of the social factors has a great effect on the productivity of the business and efficiency in general management of resources.
The workforce takes on a vital role in a company's development and Intel has always desired to maintain a competent workforce to make productive use of its resources. Literacy rate is of great concern especially in Intel because the technological know-how of the labor force is of great significance. For the same reason Intel decided to go with Vietnam for investment in 2006 as the united states has around 194% literacy rate of which 280% of the school graduates carry majors in knowledge subjects.
Same is the case with china as the adult human population of China has greater than 395% literacy rate which managed to get an ideal candidate for investment and establishment of a manufacturing unit for Intel's products. Also the low cost labor of China provided Intel with a very affordable and high quality workforce that allowed it to lower its cost of creation and bring affordable consumer products in the market.
Apart from the investment point of view, the social factors of the product marketplaces are also of great importance for Intel. Since Intel is a multinational company, it requires to consider the interpersonal factors on the broader level and products are thus targeted appropriately. Most consumers of Intel's products belong to under developed countries like Pakistan and India which demand cheap product solutions because of their needs.
Therefore, there is always great demand for low cost computing equipment in these areas which Intel caters by its low end computing products and embedded computing alternatives.
Business centers are also high prospective customers of Intel and the demand for Intel's products is specially higher in under developed countries that are under the process of digitizing their entire business systems. By having reliable and high quality products in the market, Intel has generated a solid position in the market which can play for Intel's favour provided that extended quality in product design and dependability is made certain by the company.
1http://www. ilo. org/public/english/region/asro/bangkok/skillsap/skills/vietnam_literacy. htm
2http://www. orientsoftware. net/about-us/why-vietnam. aspx
3http://www. accu. or. jp/litdbase/policy/chn/index. htm
TECHNOLOGICAL
Technological factors are of great significance for an IT company such as Intel as new breakthroughs in technology can present the company with opportunities for producing low priced yet high quality products and can also create threats with regards to obsoleting current products. Therefore, Intel must keep close watch on changing technology and must utilize profitable openings created by scientific enhancements.
Intel recognized the necessity for mobile computing and therefore launched its embedded processors and processing systems to make profitable use of modern computing fads. Intel's recent acquisition of several companies includes companies like Blowing wind River which can be an effort by Intel to develop its business towards inserted systems and mobile computing.
Intel also authorized a definitive arrangement to buy McAfee, a security system's programmer to further stretch its business in to the computing security industry. These acquisitions clearly show that Intel is preparing well for future years which lies in advanced mobile computing solutions and security systems.
Technological shifts in computing can cause great risks to and IT gigantic like Intel if they are not accounted for. An example may be the unveiling of 64-Bit technology by AMD (a major competition) which drove Intel to motivate deadlines to draw out its competitive technology complementing the standard. Even though Intel did manage to overcome this risk as fast as possible, the primary role of Intel in the world of processing was indeed shattered for some time.
Intel in addition has committed to many studies in a variety of areas which range from research in efficient data storage to high speed data transfer. A good example of Intel's initiatives for getting a technological transfer in its favour and remove certain barriers present in the modern computing world is its investment in a research project for an optical interconnect for high speed data transfer using light.
The development of this system could revolutionize the entire processing industry as it would dramatically increase the control capacity of modern pcs and so would provide Intel with a significant chance to bring to the globe an completely new standard of processing and once again end up being the pioneers of modern computing.
Intel is making genuine efforts to acknowledge modern computing must provide efficient alternatives for processing needs, which is obvious from acquisition of major companies in various industries of the processing industry.
