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1. Virtual World Industry, PESTEL Model Analysis - Focused on Economic Element Group3, January 2009 Yi Xiong [email_address] Qifeng Pan [email_address] Muhammad Faraz Khan [email_address] Jae Won Jung [email_address]
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6. Industry Overview Virtual World Venture Activities, July 2007 to July 2008 Over one billion dollars were spent by the venture community on startups directly within or supporting virtual worlds between August 2007 and August 2008
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8. PESTEL Model Analysis Johnson & Scholes 1997 Politics and government Environment Technology Legal structure Social and Demographic structure International/ national economy Industry environment
16. Future Trend Strategy Analytics has released a report claiming that by 2017, there will be nearly ONE BILLION virtual world registrants, with 22% of global broadband users having signed up for one or more virtual worlds Source: The Virtual Economic Forum