• 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

    BP's (see Appendix C in Section 9) financial performance is critically analysed using key financial data and ratios (see Appendix F in Section 9), and then compared against two main competitors; Exxon Mobil Corporation (see Appendix D in Section 9)

  2. New business plan

    * Technological We do not need high technology in running a restaurant; the only technology is the IP right of the Royal food recipe. They are the technology know-how of the Shan food secret, so we must employ the chefs of Royal food restaurant in Beijing.

  1. Thai Tuan Textile Company, Vietnam - Marketing Strategies

    Thai Tuan is more attractive as it's said as "A High Quality Product of Vietnam" promoted by government campaign to encourage domestic brand in integrated period. Secondly, it's about demographic approach. The textile and garment market is so huge, Thai Tuan mostly targeted to pupils from 15 to 18 and women from 22 to 45 years old.

  2. Ford Company Analysis - corporate structure and financial analysis

    The main purpose of the committee is: 1. Check management's plans to manage the company's exposure to financial risk 2. Review company's business plan, cash plan, balance sheet, and capital structure 3. Recommend dividend actions to the Board of Directors 4.

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

    1. Competitive Rivalry. Deltic Timber Corp. main USA competitors are Louisiana-Pacific Corp., Weyerhaeuser Co., etc. Deltic Timber Corp., like USA operating corporation - it can suffer stiff competition not only from other USA corporations in the wood industry, but also from Canadian corporations products encountered in the same industry, throughout their big exports to the USA.

  2. Questions on Globalisation and International Trade

    be able to seriously erode a small firm's competitive position before the small firm understands the source of its competitor's competitive advantage and can take appropriate counter actions. 3. How have changes in technology contributed to the globalization of markets and of production?

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