PESTEL ANALYSIS Positive and negative affect of business
Legal Economic
The legal factors of a business are the
business permit because this is the
requirement of every LGU when you
build a business. Although Cagayan de
Oro City now opens its city Hall doors
to walk-in applicants for business
permit renewal and new applications,
the city continues to encourage the use
of its online for a faster, hassle-free,
and convenient transaction (Malaya,
2022)
According to Philippine Statistics
Authority the City of Cagayan de
Oro registered the largest
average share of 27.1 percent,
with around 226.84 billion pesos
of the 837.04 billion pesos
regional economy of Northern
Mindanao.
Sociological
The covid 19 protocol has amended. The protocol of
LGU-Cagayan De Oro has change which means there
is a less restriction. What does that mean? People
around Cagayan de Oro are can go to all business
establishments with minimum health protocols.
According to Philippine News Agency the Inter-
Agency Task Force for the Management of Emerging
Infectious Diseases (IATF-EID) on Sunday approved
the amendments to the guidelines on the
nationwide implementation of the Alert Level
System for Covid-19 response. This, after the IATF
also approved on Sunday placing the National
Capital Region and 38 other areas under Alert Level
1 from March 1 to 15. Under Alert Level 1, the IATF
said there are no restrictions in terms of indoor and
outdoor capacities. Everyone can undertake
intrazonal and interzonal travel without regard to
age and even comorbidities. All establishments,
persons, or activities are likewise allowed to
operate, work, or be undertaken at total on-site or
venue seating capacity, provided these are
consistent with minimum public health standards. In
Mindanao, the following areas under Alert Level 1
are:
• Zamboanga City in Region 9 (Zamboanga
Peninsula);
• Cagayan de Oro City and Camiguin in Region 10
(Northern Mindanao); and
• Davao City in Region 11 (Davao). (PNA)
PORTERS 5 FORCES
SUBSTITUTES
Restaurants and other
eateries are quite capable of
selling the types of products
sold by a street food joints
such as burger or a
sandwich.
RIVALRY
The industry is chocking a block
with competitors. There are big
brands such as McDonald’s and
Chowking, and medium and
smaller brands, including local
restaurants and bakeries, selling
a variety of snack and quick-
eats
BUYERS Threat of new entrants
The buyers have high Also classified as a strong force.
bargaining power in a With the presence of potential,
place where there are small businesses with the same
many streets food product offerings around the
joints, as they can perimeters of our chosen
choose any of them location, it is possible that we
compete for a chunk of market
shares to our customers.
Therefore, this force is
something the entrepreneurs
cannot ignore.