'Pest Analysis\r'

'PEST analysis: Political: Australia is a type of democratic country and it is stable politically. The characteristics of Australian government such as transparency and having depressed level of corruption, and being transnationally competitiveness helps Australia to grant the lowest rank of political dissymmetry in Asia-Pacific and it standing on bottom fourth authority in the world in political instability (Australian government 2009). Therefore this factor is an advantage and an chance for the companies that operate within Australia and for the people who invest in these kinds of companies. Economic:Australia has one of the most stable economies in the world. According to Economist magazine Australia’s gross domestic product in 2012 was about 1. 5 trillion USD and it becomes the twelfth country in the world. During the last global monetary crisis in 2007 most of the countries such as US, and European countries were suffering and their economic factors such as GDP, p lease rate, growth, inflation went downwards and were in recession, but Australian government could control the situation by implementing strategies that helped down in the mouth businesses and individuals and kept the economy stable (Economist magazine 2013).So the Australian government made an opportunity out of the monetary crisis which was a threat for the whole economy and without delay is one of the best countries for investment with a real low risk. Social: According to Australian confidence of Statistics census in 2011 there was 3. 5 one million million student in this country both international and domestics (Australian Bureau of Statistics 2013). So these students are the customer flooring for Mynetfone at the moment as residential customers and they potbelly be the potential business users in nigh future.As Australia has a good rate of economy growth, to a greater extent businesses wanted to operate in this country and as a result they will need much services fo r their business such as internet, sound etc. Technological: Mynetfone owned Symbio network in 2009 which has the largest VoIP network providing wholesale carrier service to Australian industry in Australia that using number porting, grease ones palms based hosted PBX service, call termination, call origination and some(prenominal) other infrastructure enable services. The Symbio work in wholesale and Mynetfone work on retail sections (Mynetfone 2013).\r\n'