External Analysis
Porters 5 Forces: …show more content…
PESTEL
Political:
No applicable information in this case.
Economic:
• Named one of the top 10 fastest growing cities in the Unites States
• Population grew by 46.3% over 10 years
• Health insurance, maintenance and utility costs increased over the past few years
• Entertainment venues had held up well during the economic recession
• Shelby wondered if she fired any of the employees if they would be able to find new jobs in the economy; still a struggle after the recession
Sociocultural:
• Median age was 31.9
• Many young professionals lived in the region
• 47% of residents 25+ possess a college degree or higher
• Income ranges from $50,000-100,000 for 1/3 of the residents
• Most workers from Raleigh worked in a professional or managerial capacity
• Parents paid a premium for kid focused entertainment, even when they were spending less on themselves
• Downtown has restaurants, shops, galleries and other attractions
• Customers are loyal
• Most popular played sport in the United States
Technological:
• Scoring and screen technology was updated and expensive
• 3 machines expired in the end of 2010 and would need new upgrades
Environmental:
No applicable information in this case.
Legal:
No applicable information in this case.
Internal Analysis
VRINE
Is it valuable?
They have strong customer loyalty since they have been