PESTEL analysis for TLE oil company in the Philippines
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. One of these is the taxation law. Income and Value Added taxes are being remitted to the government. For this reason all legal and taxation requirements are being complied by TLE on time. In regards with trade regulations all standard procedures are being followed and placed. This is with regards with the terms and conditions presented by Total Corporation. However, the primary way that politics can affect Oil is in the regulatory sense. 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
Peugeot and the problem of product recalls.
Case Study: Question 2.8.4 Peugeot A) Explain why product recalls can be damaging to a firm’s reputation. Products recalls usually have a negative connotation associated with it and would usually cause a certain degree of damage to a firm’s reputation like Peugeot. First of all, the major recalling of the Peugeot 307 shows that Peugeot didn’t spend enough time and during the R&D phase of the vehicle to make sure that there wouldn’t be any major problem on this vehicle. The customer’s perception of the company’s car and the company as a whole would decline and become negative as a result of this. At the same time, recalling a vehicle already means that the vehicle could cause harm to the customers if it is not fixed. This means that customer would again have a negative view of the company simply because the product endangers their life. Thirdly, a product recall of a massive scale usually involves the press or media and the media is well known for making situations out of proportions which again would damage the firm’s reputation. Lastly, a product recall makes it easier for competitors to convince consumers to buy their products instead. This would hurt the reputation of the company and also the profit that the company makes. B) Evaluate whether it would be in Peugeot’s best interest to spend money on contingency planning or improving the quality of its
Social marketing case study - he National Diabetes Education Program (NDEP), joint with CDC and the National Institutes of Health (National Institute of Diabetes and Digestive and Kidney Diseases) aimed to educate the Hispanic/Latino Americans by focusing
Social Marketing Case example - NDEP Social marketing is the systematic application of marketing, along with other concepts and techniques, to achieve specific behavioral goals for a social good Diabetes is one of the biggest causes of death among Hispanic/Latino Americans due to their lack of education. The National Diabetes Education Program (NDEP), joint with CDC and the National Institutes of Health (National Institute of Diabetes and Digestive and Kidney Diseases) aimed to educate the Hispanic/Latino Americans by focusing on delivering accurate information about the prevention and control of diabetes, in hope that they will become more conscious of their own health. The NDEP launched a communication campaign targeted to the Hispanics suffering from diabetes, with the objective of empowering people with diabetes to take control. They employed two social marketing strategies into their campaign; they used the Hispanic media to provide consumers with hope about controlling diabetes and also supported media messages through appropriate community organizations. The organizations which supported Prospect and CDC were COSHMMO, The national Council of Laraza, Puerto Rican Association of Diabetes Educators, The Los Angeles White Memorial Medical Center, Perfil Latino and Concilo Latino de Salud. These Hispanic/Latino organizations helped and supported NDEP to develop
Is the business activity of Eurocars in the primary, secondary or tertiary sector? Explain your answer.
Suzhou Singapore International School IB Business and Management HL Case: Eurocars Name: Luke Ness Class: 11E Date: September 2008 Summary Due to the increase in imported car sales, Gina Wilson started Eurocars. She hired workers and bought cars to sell. The business expanded steadily, and they soon had many cars at home and in Europe. They started selling more to individuals than dealers due to a higher turnover. The problems with Eurocars are that manufacturers are slow to provide new cars, and there is a lot of administration work to be done and registration laws in place that make their work hard. They are also forced to use the promotions offered by the manufacturers of the cars they sell. Answers . Is the business activity of Eurocars in the primary, secondary or tertiary sector? Explain your answer. Eurocars' business activity is in the tertiary sector, they are providing a service. They are not in the primary sector because they do not extract any natural resources, and they are not in the secondary sector as they are not producing or constructing anything, therefore we can deduce they must be in the tertiary sector. 2. Suggest examples of land, labour and capital that might be used by Eurocars. The only land resource Eurocars uses is the office they work out of. They do not produce anything so they don't use any natural resources. The labour used by
Business Research proposal
Business Management HL Business Research Proposal Research Question: Should Couture Design & Development (a buying agency for crafted garment and accessories) employ better use of technology in supporting their clients Theoretical Framework: The syllabus areas that would be covered during the research study are: * Marketing * Accounting & Finance * Business Tools * External Influences The reason why I chose this question is to evaluate whether Couture Design and Development can continue to be competitive and offer value services, to its clients, by just using traditional methods of business and communication such as mail and telephone. an assimilate the costs it incurs while supporting its suppliers (manufacturers). Couture Design and Development is a buying agency sourcing high value hand crafted garments & accessories through trusted and established suppliers. CDD manages the buying process end to end through quality checking of sampling to final shipment of goods. Couture DD while serving the needs of its customers, delivers all its sampling and sourcing information through courier packages. While doing so, it does not only waste time but also incurs other extra cost which has an impact on the business. For instance Video conferencing during the decision making process of fabrics, colours, styles etc. This not only saves time but also saves the costs for both the
Ratio Analysis
RATIO ANALYSIS • Profitability ratios - a measure of how much profit its activities generate. . Gross Profit: Total Revenue - Variable (Direct) Costs Gross Profit Gross Profit Margin = -------------- x 100 Turnover - Narrow margins - tend to be on products/services which are high volume, mass market products which are highly competitive. Such as fmcgs', retail stores. - Wide margins - tend to be on products/services that are low volume, high value with relatively high degree of monopoly power. More frequent in the services sectors. - Can increase by increasing turnover relative to cost of sales like increasing prices. 2. Net Profit: Total revenue - Total Costs (VC+FC) Net Profit before int and tax. Net Profit Margin = ---- ------------------------ x 100 Turnover Retained Profit 3. Retained Profit Margin = ------------------- x 100 Turnover * Efficiency Ratios- shows how well the business has performed - Shows how effective the firm is in using its capital to generate profit . Return on Capital Employed (ROCE) Profit for the Year before int and tax ROCE = ----------------------------------- x 100 Capital employed 2. Stock Turnover Cost of goods sold Stock Turnover = ----------------------------------- Closing stock OR Closing Stock Stock Turnover = ----------------------------------- x 365 Cost of
2.3 - Communication
2.3 - Communication Communication Classification Oral Communication Oral communication is also called verbal communication. It is when parties talk and listen to each other, and is quick and clarification is easier. The receiver is able to ask questions to get feedback on what they have heard, however the communication skills of the speaker will greatly determine the effectiveness of the exchange. Advantages Disadvantages Questions can be asked Not always truthful Less delay on answers No permanent record Little to no cost More difficult to communicate confidential messages Able to judge employees communication skills May be more time consuming Body language, etc, can be judged Written Communication This is a form of non-verbal communication. These are paper-based methods of communication, including letters, memorandum, reports, notices, executive summaries, research proposals and abstracts. Letters and memos tend to be used for internal communication. Visual Communication This is another form of non-verbal communication. Visual aids can enhance communication. They are easy to understand, can communicate ideas quicker than words, cheaper to produce, cater for visual learners and can have longer-lasting impact. These include graphs and charts, sign language and body language. Formal and Informal Communication Informal Communication This is when there are
Break-even is the most vital part of a business plan for a new enterprise. Do you agree with this statement? Justify your view.
'Break-even is the most vital part of a business plan for a new enterprise.' Do you agree with this statement? Justify your view. Support for the statement: ? Break-even analysis provides a very clear, understandable projection of the output and sales that will be necessary for the business to be profitable. This is vital when making decisions about whether to start, or how to structure a new enterprise. ? Break-even analysis is simple to understand which may make it especially useful for small or new enterprises which are not yet able to employ more sophisticated techniques. ? Banks and other financial institutions will consider this information a vital part of a new business plan and its inclusion will indicate good business sense. ? It may help a business to make important decisions about how to structure production, such as whether to produce its own components or whether to purchase them from external sources. However: ? Break-even analysis is only as good as the data upon which it is based, and poor quality data may result in inaccurate conclusions. New businesses (particularly those which are quite different from their closest competitors) may have trouble finding suitable data upon which to base their calculations, greatly reducing the value of the break-even analysis. ? The model simplifies the realities of the market, failing to take into account the fact
Case Study: Beer sales plunge as Britons stay at home
Pg. 60 Case Study: Beer sales plunge as Britons stay at home (a) Is the research referred to in the article primary or secondary research? It is secondary research, as all the information that they use has already been gathered by the BBPA (British Beer and Pub Association), so they simply use what the BBPA found out, they didn't have to go and find out the information themselves. (4) (b) Outline the reasons why pub owners may find the research in the article above useful. A pub owner might find this article useful, as by it they can see the actual situation and understand it, for example "7.5 per cent year-on-year growth in sales of regional beers." This can also help him in the moment he orders the drinks, as if he has realized that regional beers have grown in sales, he might start buying more regional beers, or if he didn't buy them already, he might start buying them. It can also help him because if he is seeing that he isn't selling as much beers as before in his pub, he can understand the reason for it. (4) (c) Explain the various ways in which a pub owner might seek to collect primary data to complement the data provided in the article. A pub owner might collect primary data by: - Doing some questionnaires to its customers. With questions such as if the
Case Study n this case, the Microsoft Company could use a SWOT analysis, to know about the development in the market of his Xbox product.
Case Study - Part C - P. 150 All businesses can be analyzed by using the SWOT analysis. The SWOT analysis is a tool used for the analysis of the internal strengths and weaknesses of a business and its external opportunities and threats. In this case, the Microsoft Company could use a SWOT analysis, to know about the development in the market of his Xbox product. It would be very useful for them to know which are the strengths, weaknesses, opportunities, and threats that this product presents for them. The strengths are the positive aspects of the business arising from the internal audit; they are a controllable and internal. In this case, the company has a strong brand name, which could be a useful strength for them because they will sell more products to a greater audience. Also, the company has a strong relationship with retailers. The Xbox is also known between their customers for having a good quality in graphics. However this product might also have some weaknesses. The weaknesses are the negative aspects of the business arising from the internal audit; they are controllable and internal. In this case, one weakness for Microsoft is that in 2004, Xbox was weak selling in Asia, which we could infer affected the profits of the company. The Microsoft Company might have some opportunities with the Xbox in the market. The opportunities might show up what chances are