British Heart Foundation (BHF) is the UK’s cardiovascular charity research center. The charity organization focuses on funding the research project on circulatory diseases and heart issues along with spreading awareness about a healthy heart. However, the British Heart Foundation is the top charity organization in the country, and it has positive reviews. Today, we’ll discuss the PESTLE analysis of British Heart Foundation; it focuses on external environmental factors like; political, economic, social, technological, legal, and environmental factors.
Political Factors Impacting British Heart Foundation
Some of the main political factors in the British Heart Foundation PESTLE analysis are as follows;
I-Government Regulations
Government regulations and policies directly impact charity organizations like British Heart Foundation. They comprise taxes on the income of charitable organizations, import and export of products and goods, and funding limits. However, the objective of strict government regulations for charity organizations is to protect the health and safety of ordinary users and patients and ensure their ethical practices.
II-Political Stability
The stable political environment of the country plays a key role in the growth of businesses and companies including charity organizations. When the country has a stable political environment, people would contribute and donate their money and capital to the charity organizations. In case of political turmoil and violent procession, people would avoid going out and making donations to charity organizations.
III-Trade Policies
Along with charity research on cardiovascular diseases, British Heart Foundation is also running a retail business to generate income for the research projects. The charity organization procures retail raw supplies, products, and goods from various countries. However, the government trade policies of different countries are variable depending on their foreign policy and diplomatic relations. It negatively impacts the retail business operations of the charity foundation.
Economical Factors Affecting British Heart Foundation
Some of the main economic factors in the British Heart Foundation PESTLE analysis are as follows;
I-Economic Growth
The economic growth of the country plays a key role in the growth of businesses and companies. When the country’s economy is growing and people have multiple employment opportunities, it suggests that they have sufficient disposable income to make donations to the fundraising of British Heart Foundation. In the case of economic research, when people have limited disposable income, they would avoid donating it to charity organizations.
II-Employment Opportunities
According to an estimate, British Heart Foundation generated funding of approximately over 54 million British Pounds in 2020. The charity and retail organization have employed thousands of people to perform its daily routine operations. Along with performing research for cardiovascular diseases, British Heart Foundation also engages in retail operations as its 2ndmain source of income and revenue generation.
III-Currency Exchange Rate
British Heart Foundation procures materials, supplies, products, and goods for its research and retail business from various countries across the globe. The currency exchange rate market is highly volatile and it keeps fluctuating regularly. A small change in currency exchange rate would increase the cost and expenses of the charity organization.
Social Factors Impacting British Heart Foundation
Some of the main social factors in the British Heart Foundation PESTEL analysis are as follows;
I-Spreading Awareness
British Heart Foundation focuses on spreading healthy heart awareness among ordinary people based on the findings of the latest research and development. The objective is to inform and educate people about living a healthy lifestyle by making healthy choices in their daily routine lives in terms of food, diet, and exercise.
II-Backbone of Society
British Heart Foundation and other charity organizations are the backbone of the social welfare communities. There are many people who can’t afford expensive heart and cardiovascular treatment, and the foundation supports the needy people in society. According to an estimate, approximately 1.4 million people have survived the heart attack.
Technological Factors Affecting the British Heart Foundation
Some of the main technological factors in the British Heart Foundation PESTEL analysis are as follows;
I-Advanced Technology
British Heart Foundation is investing a significant amount of capital resources on the latest advanced technology. It comprises AI, ML, data analytics, and robotics technology, and it allows the company to develop unique and innovative methods of treating heart issues with advanced tools and equipment. Most importantly, it allows them to reduce the risk factor and improve the patient’s life rate.
II-Data Analytics
British Heart Foundation performs various types of studies and tests heart drugs on patients. It results in the form of massive data from research and test results, compiling the data and drawing a valuable conclusion out of it is a highly difficult task. However, BHF invested a lot of resources in data analytical technology, which allows them to rightly analyze the data and draw the right conclusion.
Legal Factors Impacting the British Heart Foundation
Some of the main legal factors in the British Heart Foundation PESTEL analysis are as follows;
Regulatory Compliance
British Heart Foundation needs to comply with the government regulations and policies of different countries. They comprise consumer protection laws, health and safety regulations, taxation on the income of charity organizations, and others. Regulatory compliance would help them to smoothly perform their operations without any delays and disruption.
Environmental Factors Affecting British Heart Foundation
Some of the main environmental factors in the British Heart Foundation PESTEL analysis are as follows;
Sustainability Initiative
British Heart Foundation should make a strong commitment to environmental sustainability initiatives. It comprises investing in renewable sources of energy, ethical sourcing, social responsibility, and recycling waste to decrease the carbon emission rate. However, it allows them to keep up with the growing environmental sustainability trends.
Conclusion: British Heart Foundation PESTLE Analysis |PESTEL Analysis of British Heart Foundation |External Environmental Analysis of British Heart Foundation | Strategic Analysis of British Heart Foundation
After an in-depth study of the pestle analysis of British Heart Foundation; we have realized that British Heart Foundation is the leading charity heart research facility. If you are learning about the British Heart Foundation PESTLE analysis; then you should keep in mind the abovementioned external environmental factors like; political, economic, social, technological, legal, and environmental.
Ahsan Ali Shaw is an accomplished Business Writer, Analyst, and Public Speaker. Other than that, he’s a fun loving person.
