Finland Pestle Analysis
Finland Pestle Analysis
Finland Pestle Analysis
based country lead by the head of state which is the president. Finland president
hold a period of 6 years term with maximum two consecutive term elected by the
Finnish. Both the Prime Minister and Deputy Prime Minister dominated by the
president after the parliamentary elections. They are the head of government and
having the executive power to the government including the EU issues.
Women in Finland are treated fairly great. They represented 38% of the seats in the
200 members of parliament in the year of 2003. Besides, part of them holding
important positions like foreign minister, speaker of parliament and so on. The most
significant position of Finnish ladies ever hold is president in the year 2000 by Tarja
Halonen and primes minister by Anneli Jaatteenmaki in March 2003.
Economic Factors
Finland is a highly industrialized country with GDP of $181.4billion in year 2009, over
40% from the GDP are from the contribution of exporting goods and services. The
primary economy sector in Finland is service sector which contribute about 65.7%
and followed by manufacturing sector in producing metals, chemicals, and so on.
Taxation system in Finland is very difference with the other countries. Finnish hold
their own tax card to prevent the card holder from getting highly taxed by their
government. Those people without tax card are taxed 60% from all the income they
obtained.
The most significant industry in Finland is Nokia, which is one of the world largest
and notable mobile phone producers. Due to the highly success of the development
of Nokia in Finland, this enable Finnish have the opportunity to own mobile phone
and also connect to the internet much earlier before this becomes common in the
United Stated and other countries in the world.
Social Factors
Finland hold the population over 5.32 million inhabitants, a part from the whole
populations, there is 2.7million of them are workforce and 2.5 million from them are
employed. Public sector is the most popular sector the Finnish to contribute in. Major
ethnics group in Finland include Finns, Swedes, Lapps, Sami, Roma, and Tatars, and
majority of them roughly about 91% speak in Finnish. Besides, large numbers of
them are believed in Lutheran.
In the education system of Finland, children who reach the age of 9 years old are
compulsory for them to start school. The attendance and literacy rate in Finland are
almost hundred percent. This is among the higher in the ranking of education index
in the word. Free meals will be provided for students who study in primary and
secondary schools. Besides, the government absorbs the tuition fees, which mean
there are 0 tuition fees for their full time students.
Technological Factors
Staying ahead
Finland has long been recognized for the success of the work it has done to promote
innovation and the results speak for themselves in many areas. Finland cannot afford
to rest on its laurels.
Greater sustainability
One of the fundamental trends under way and one highlighted by Tekes, the Finnish
Funding Agency for Technology and Innovation is the growing emphasis on the need
for greater sustainability and reducing unnecessary wastage of the world’s dwindling
natural resources.
Addressing this challenge will call for a range of new innovations based on a much
lower level of resource usage than we accept today, innovations that have a smaller
footprint across the entire life cycle of products and services. The need for these
types of innovations is perhaps most obvious in areas such as renewable energy, but
ultimately it is also likely to be felt across all the products and services that people
interact with in one way or another.
Clean technology
Finland has already made great strides in developing energy-efficient systems and
technologies, and is committed to doing more in this area. The country is expected
to be one of the fastest-growing renewable energy markets in Europe over the next
five years, and wants to be one of the EU’s leading users of renewable energy per
capita by 2020.
A number of initiatives are under way to promote the development of environmental
technologies and services in Finland, including the Cleantech programme and the
new Strategic Centre for Science, Technology and Innovation that has been created
to focus on advanced R&D in the energy and environment sector, alongside the
other five centres already in place.
Known as CLEEN, its research agenda will address issues such as carbon-neutral
energy generation, distributed energy systems, sustainable fuels, smart grids,
efficient energy use, resource-efficient production technologies and services,
recycling, and waste management.
Legal Factors
Welfare State and Rule of Law form the Basis
Finland is a welfare state. The state and the municipality of residence have to
guarantee everyone a worthwhile existence and offer equal opportunities for a
balanced and active life. People also have to have sufficient knowledge of their rights
and responsibilities. A system of legal safeguards guarantees that these rights are
upheld. Societal stability, the quality of the judicial system, good governance and
effective legal safeguards are important competitive factors in ever more global and
integrated markets.
Why do you think Finland tops the chart for overall ranking of the “Best Countries in
The World”?
Finland education is ranked number 1 in the world. Finland has set education as a
national priority and believes that future generations do not have prospects for a
healthy lifestyle if the population is not well educated.
Finland quality of life is ranked number 4 in the world. The standard of living in
Finland is better. The Finland citizen has lots of holidays so families can actually
spend time together.
Finland economy dynamism is ranked number 8 in the world. Finland or the Republic
of Finland has a mixed economy which is highly industrialized. The country located in
the northern Europe has rich natural resources like gold, silver copper, timber and
limestone. The country also has deposits of iron, lead, zinc, chromium and copper
across the country. Service, which is the largest economic sector of the country,
forms more than 67 percent of the total and the next sector, manufacturing accounts,
for more than 30 percent of the economy of Finland.