• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

PESTEL analysis for TLE oil company in the Philippines

Extracts from this document...

Introduction

´╗┐Environmental Scan The success of any business operation depends on the quality of managing both internal and external environments. In managing the TLE, there is a need to focus on some of the environmental factors and the various tools that can be utilized in the analytic process. One of the tools that can be used is the PESTEL (Political Factors, Economic Factors, Technological Factors, Environmental Factors, Legal Factors, Ecology, Socio-Cultural, and Potential Supplies). An analysis of these factors is enumerated in the succeeding portion of the paper. Political Factors As mandated by existing laws, TLE need to comply with various legal requirements. ...read more.

Middle

But nothing is alarming because oil and Gas Company in the Philippines is covered by a range of regulations that limit where, when and how extraction is done. As a result, Total Corporation surely complied with all of these laws; hence nothing damaging can affect the business with regards to political factor. Economic Factors The primary clients of TLE are bus companies, Oil Mills and small gasoline stations. Their consumption of the fuel products usually depends on their business activities. Volatility of prices is not a big factor on the demand as much as it seems since these businesses need fuel to run their business. ...read more.

Conclusion

Likewise, the driver is being constantly reminded on road safety driving specifically that the hauler contains oil products which are highly volatile. No smoking policy is imposed. Products are sealed right from the hauling stations (depot) of TOTAL. This ensures that products are delivered in the right volume and are not being tampered or adulterated. Ecology Since the products that they are consuming are petroleum products, they have to comply with environmental laws governing their operations. Buses, service vehicles and public utility vehicles which are end users of gasoline and diesel products undergo annual and periodic smoke emission testing. These help ensure that the vehicles are not contributing much to the emission of carbon monoxide gases. Since the company guarantees that their products are environmental friendly, the same products are extended to the end users. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Business Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Business Studies essays

  1. SWOT ANALYSIS BINH MINH PLASTIC COMPANY VIETNAM

    from 10% to 20% because of the expense on buying modern equipments and the increase in the cost of raw materials (Yen 2009). - The distribution network of BMP in the international market is still small. * Opportunities - As Vietnam joins in WTO, BMP has many chances to expand its overseas market and attracts more foreign investors.

  2. This paper will concentrate on Apples Apple TV business, and its complementing iTunes business.

    Apple, such as when visiting the website, when purchasing Apple products and services, or when calling sales or support associates. Their website provides comprehensive information that touches the following topics: * Why is information collected * What information may be collected and how it may be used * Information regarding

  1. BP Financial analysis

    to the levels of 1980, as oil demand will significantly outpace production. http://en.wikipedia.org/wiki/Peak_oil Oil production - peak oil http://www.peakoil.net/uhdsg/weo2004/TheUppsalaCode.html 4.1 Overview A range of factors, only some of which were under BP's control affected BP's financial performance. The price of oil and gas fluctuates constantly.

  2. New business plan

    Furthermore they must also be familiar with Chinese culture, especially the food culture. For the other staffs, such as waiters and waitress and kitchen hand, we can make advertisement in the local newspaper and recruit them based on the information from their CVs and interviews.

  1. Thai Tuan Textile Company, Vietnam - Marketing Strategies

    However, considering the effort leads to its recent achievements, Thai Tuan is undoubtedly one of remarkable brands in term of brand strategy in Vietnam. Firstly, let us consider the market out look at the time Thai Tuan joined in the market in 1993.

  2. Ford Company Analysis - corporate structure and financial analysis

    for receipt of complaints and concerns regarding management fraud and accounting, internal control or auditing matters 1. The independent auditor's qualifications and independence 1. The performance of the company's internal audit function and independent auditor. Prepare the report of the audit committee to be included in the company's annual proxy

  1. Questions on Globalisation and International Trade

    Would the globalization of production and markets have been possible without these technological changes? Answer: Changes in technology have contributed to the globalization of markets and of production in a very substantive manner. For instance, improvements in transportation technology have paved the way for companies like Coca-Cola, Levi Strauss, Sony and McDonalds to make their products available worldwide.

  2. My paper on the Deltic Timber Corporation provides an overview of the company, and ...

    However, if customers demand high-quality products at bargain prices, it helps keep retailers honest. 1. Availability of substitutes There are many substitutes of wood. For example, we can use other non-wood materials. Viewed from another aspect wood can substitute the usage of fossil fuels and vice versa. 1. Competitive Rivalry.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work