The fur-bearing animals in the area focused on in this study are carnivorous and require a specialdiet. Of course, there are also cases of livestock farming, but the products are developed over many years and most of them are intended for food.Fur farms as livestock farms and economic activities have no competitors in the sense that the final product has no substitutes, and looking at the sector as a whole, individual companies do not compete with each other. As such, the elements which should underpin the formulation of strategies that can be followed in order to create the appropriate conditions for the development of the whole industry must be identified.Finally, the companies, which as a whole form a branch, are inextricably linked to the social whole of the region since they provide an important source of work through which income is generated. Therefore, the direction of the development strategy must take the interests of the local community into account and respect their decisions while acknowledging the contribution of state aid.Analysis and evaluation of the external environment requires an explicit understanding that while influencing the course of the industry,stackable planters these factors cannot be controlled strategically by the sector.
Such factors can relate to the economy and political and social fields, among others. Numerous methods have been used to identify these factors and various models have been developed, the most well-known of which is PEST analysis, an acronym of Political, Economic, Social and Technological. Hence, the four categories of factors encompassed by PEST in shaping the external environment of an economic sector are political factors,economic factors, social and cultural factors, and technological factors .To the above model two other categories of factors considered significant in the operation of the sector were added, namely legal and environmental.Thus, PESTLE analysis was created which includes the additional aspects of Law and Environment. As aforementioned, when a business or sector is planning a future activity,exploring and analyzing the internal and external environment is essential for success. SWOT analysis is a strategic planning tool commonly used for this purpose. By combining the use of PEST or PESTLE and SWOT analyses, a comprehensive overview can be achieved whereby the risks, weaknesses and advantages of the sector within the framework defined and analyzed by PEST or PESTLE analysis can be identified .Because the breeding of fur-bearing animals is a livestock activity in the area of focus in this study, research is required to determine the economic context and profitability, particularly the productivity and profitability of investments infixed breeding facilities as well as the funds available for the operation of farms in general.
Exploring these issues is imperative in order to formulate development strategies that will be attractive to any potential investor breeder.Besides structured analysis using PEST or PESTLE and then SWOT, stacking pots the factors integral to the breeding process should be investigated in order to identify and optimize their utilization, thus achieving both premium quality and an optimal economic outcome. Such factors are nutrition , animal hygiene , stables, and the proper location of stables. This can be undertaken with the application of various econometric,mathematical and statistical models, introducing the above mentioned factors as independent variables and the final quantity of the product , or the final value of production as dependent variables. This analysis will establish the significance of each factor in the final product and will determine its future involvement in production and its contribution to the development of the industry. Specifications have now been implemented for these parameters which must be meticulously observed in order to achieve the best possible results. Of these parameters, nutrition is the most important.The main concern, however, is that the contribution of each factor to the configuration of the final product for the purpose of strategic planning is not known precisely.After what has been stated above regarding the fur-breeding industry, it would be remiss not to mention the prospects and the connections with the fur industry.