Part 1. Comparative National Context
I. Brief introduction
The Anglo-Persian oil company was founded by William D’Arcy a wealthy Englishman who used his personal fortune as backing for oil exploration in Persia in 1908. That small venture later became one of the most successful oil companies that we presently know as British Petroleum (BP).
Home Country: Headquartered in St James’s Square, London, United Kingdom
Host country: Headquartered in Westlake Park, Houston, TX, United States
A. PESTLE Analysis To analyze the global environments of the host and home country, the PESTLE analysis should be conducted. The comparison of the two countries will be stressed out on the similarities and the differences.
II. Comparison - England, UK
Political environment
The political system of the United Kingdom formed by the democratic states of England, Wales, Scotland and Northern Ireland is a parliamentary monarchy, where the monarch does not have real political power except as a representative function. There are three main political parties who accumulate most of the votes: the
The employment structure is typical for a developed first world country: just 1% of the employees are working in agriculture, about 18% are working in the manufacturing and construction industries, and 81% of the employed people are working in the service sector. A high amount of workers in the service sector requires a high level of education in any country. In 2014 approximately 80,000 students graduated who face a small unemployment rate of 4,4%. Their income differs significantly from those who do not have a graduate degree, as the Graduate Labour Market Statistics of the Department for Business Innovation and Skills show. The unemployment rate in the UK is 5,4% in
A PESTLE analysis is a macro environmental framework used to understand the impact of the external factors on the organization. PESTLE stands for "Political, Economic, Social, Technological, Legal and Environment” factors.
A majority of people believe that graduating from college will result in a well-paying job. Unfortunately, a degree will not secure a job for many graduates. In the U.S., the jobless rate for college graduates in 2012 was 7.7 percent, and has further increased in the past five years(Robinson). With such a large pool of unemployed citizens for employers to choose from, recent graduates are facing fewer opportunities for work due to little or no previous work experience(Robinson). Although many graduates are faced with unemployment, the majority do receive the opportunity to work. Sadly, many must work jobs they do not enjoy for salaries that make it difficult to make ends meet(Debate). Students are faced with mortgage-sized debts upon graduation, making it difficult for them to start businesses, buy cars or houses, or make other investments that would better the
In business, companies are able to control many of the factors that will improve or impair their business strategy, but some factors are beyond their control. These external factors are beyond the company’s ability to control. This external market environment consist of four primary areas: economic environment, technological environment, political and legal environment, and cultural and social environment (Perreault, Cannon, & McCarthy, 2015, p. 62). By performing a PEST Analysis each of these major areas can be explored.
William Knox D’Arcy negotiated an oil concession with Mozaffar ad-Din Shah Qajar of Persia in 1901. He gained the rights to prospect for oil in an area consisting mostly of modern day Iran6. In 1908, a prospector named Reynolds struck oil on May 26, 19087. The discovery of the oil fields lead to the formation of the Anglo-Persian Oil Company, which under British ownership, later became the company British Petroleum. For 60 years, oil had been a precious and valuable resource, and became one of Britain’s greatest interests in the Middle
Also the unemployment rate is affected by jobless college graduates, especially seeing how they had a very large debt. Student debt is almost identical to the terms of inflation-adjustment. Data from the Economic Policy Institute shows the solution to all of economy’s problems. This is supported by a research group that argues over the solution of education to all. College graduates suffer from weak growth in the economy. The richest households share a disproportionate amount of growth. In addition, the hourly wage for college is a big topic that is looked at for students. For example the wage has only increased by a small percent and along with a lifted pay gap, which has declined for many. People tend to have a different point of view. For example, living can become a struggle, but you can receive a good job. Some say that college is supposed to be very easy seeing how someone can easily make your way into becoming a person who earns a nice amount of money in their life because they chose to go to college. In addition, people slightly tend to either agree or disagree if they should go to college. This sometimes happened because they didn’t believe that sending their kids to college was worth four years
The two countries I have chosen to compare are China and Canada. Their systems of government are very different and have different powers and rolls in their country. Canada has a system of government very similar to our own. While china's government appears to be similar as well, but it is quite different. Canada's government democratic and is parliamentary in form but, very much like our own. Like all large governments it is representative democracy.
In this essay I will be discussing and critically analysing each element of the PESTLE analysis within the hospitality industry, with examples to reflect each point. Also this essay will discuss how marketers should adapt to changes in the macro-environment. The PESTLE analysis is a marketing principle used to understand the relation between a company and the external environment. Murray-Webster (2010:88) states PESTLE analysis will help to capture understanding about aspects of the context by using the prompt political, economic, sociological, technological, legal and environment.
must for most high paying jobs.And in May 2010, the unemployment rate for high school dropouts reached 15 percent, compared to just 4.7 percent among those with at least a bachelor’s degree (Report by GP). This causes many immigrants to work minimum wage jobs which is not enough to support a family according to Forbes. But many journalists and students believe that the sole reason
PESTEL analysis is the technique where political, economic, socio-cultural, technological, environmental, and legal factors are evaluated to identify external forces that impact market’s growth or decline. Assessment of the external environment helps to recognize key drivers and create a development strategy for the company.
In order to identify the uncertainties in Shell’s far environment I decided to use a PESTLE analysis approach to the oil and gas industry.
This section applies the PEST analysis framework in order to understand the macro environment and considers the renewable energy industry as a whole within the current political, economical, socio-cultural and technological landscape.
As the UAE is made up of 7 Emirates so each of them have their own governmental organisations which allows for the smooth running of their economy.Dubai occupies the vice presidency,second after Abu Dhabi which has its own law so its also a primal location.It is politically safe with low crime rate.
Individuals who has a college level education are employed at higher rates and with greater consistency. Those people with less than a high school degree are more than three times as likely to be unemployed compared to a bachelor degree recipients.
“About 48 percent of employed U.S. College graduates are in jobs that the Bureau of Labor Statistics (BLS) suggests requires less than a four-year college education. Eleven percent of employed college graduates are in occupations requiring more than a high-school diploma but less than a bachelor’s, and 37 percent are in occupations requ...
British government is democratic government. So, too, is American government; it roots are buried deep in English political and social history. Yet there are important differences between the two systems of government. Most of those differences grow out of this fundamnetally important point: Unlike government in the United State, government in Great Britain is unitary and and parlimentary in form and rests upon an unwritten constitution. They rule what they call a monarchy.