Pipe Industry Case Study

Executive summary
The Indian Pipe Industry has been showing rapid growth since past several years and the major reasons for the growth of this industry is increasing demand for pipes in the irrigation sector, oil and gas sector and also the real estate industry. The demand for steel pipes such as seamless pipes, HSAW, LSAW pipes is increasing as the need for oil and gas transportation in India is growing. The Government of India is coming up with new projects and investments which will help to boost the steel industry of the country.
But every organization is always at risk of a threat to their business. These threats can be external or internal, thus a manager is always expected to be prompt and has to be vigilant about their business model

There are several factors which affects the economic environment of the country, and thus the companies, such as, political instability, low infrastructure development, cultural complexities, bureaucracy etc. Other than these factors, there are several other macro economic factors affecting Indian economy such as inflation rate instability, unemployment rate, balance of trade, huge gap between the rich and the poor, low per capita income etc. For this project we will mainly focus on the external factors.
External threats are anything from your company's outside environment that can unfavorably influence its execution or accomplishment of its objectives. Indeed, even the most intense monopolistic business model - a business with basically no opposition - requirements to focus on factors outside the association. These factors affect every business and industry in an unexpected way, which just increases the significance of managers understanding these external

There is an excessive number of numbers of models and acronyms that endeavor to recognize and outline the sorts of external powers that effect organizations. A most common and most widely recognized model is PEST which is acronym for political, economic, social, and technical. It's most utilized by numerous managers, as the factors that affect their success so much, yet can't be controlled are precisely itself political, economical social and technological. The other model utilized as a part of the study of the business environment is SWOT analysis. The SWOT analysis is a business analysis technique that your organization can perform for each of its products, services, and markets when deciding on the best way to achieve future growth. The procedure includes recognizing the strengths and weaknesses of the company, and opportunity and threats present in the market that it works in. The first letter of each of these four components makes the acronym