Pest analyses is a widely used tool to analyze the Political, Economic, Socio-cultural, Technological, Environmental and legal situations which can provide great and new opportunities to the company as well as these factors can also threat the company, to be dangerous in future.
To make an appropriate case analyses, firstly, reader should mark the important problems that are happening in the organization.
Governmental support for technological innovation opportunity Increasing international trade agreements opportunity Increasing governmental effort for infrastructure in developing countries opportunity Governments are increasingly supporting technological innovation to enhance economic conditions.
To prevent employees from sacrificing quality over quantity, employees are evaluated twice a year and warranty claims are tracked back to the employees who must pay for the damages. Whereas, the opportunities and threats are generally related from external environment of organization.
In this case of General Electric, the remote or macro-environment is composed of various industry environments. Changes in the macro-environment factors can have a direct impact on not only the Lincoln Electric Holdings, Inc.
For instance, this external factor relates with the increased capacity of customers to purchase GE consumer appliances and lighting products.
Strategic formulation must respond accordingly.
Prioritize the points under each head, so that management can identify which step has to be taken first. The layout of the company also plays a significant role in the efficient manufacturing process. While micro environment factors such as competition norms impact the competitive advantage of the firm.
Ford made huge steps to dissuade these thoughts by bailing itself out, yet the threat remains. This opportunity is significant, considering that the conglomerate is one of the firms with the highest number of company-owned patents in the world.
Improvement that could be done. However, the strengthening U. The system of human resource management and incentive bonuses at LE is based mostly on the high extent of trust and respect between employees and management team because employees should understand and believe that they will receive the reward they deserve for their productivity.
However, the new entrants will eventually cause decrease in overall industry profits. The competition is further fueled by the fact that the global automotive production capacity far exceeds the demand.
An open-door policy is practiced throughout the company, and an advisory board who is elected by the workers, is set up to meet with the chairman and president to discuss employee innovations and all employees are compensated respectively. The following economic external factors are pertinent to the strategic management of General Electric: Furthermore, the increasing complexity of online product regulation is a threat and an opportunity relevant to GE and its remote or macro-environment.
Pest analysis STEP 5: In this regard, General Electric must develop strategies based on the following ecological external factors: Risk of military invasion Level of corruption - especially levels of regulation in Industrial Goods sector.
Thus, Ford must implement strategies to globally expand based on these opportunities. Moreover, understanding of Indian culture can help LE in the work of adapting its HRM system to prevent any conflicts among management team and local staffs.
For example, the company can improve its performance by increasing its operations in Asian markets. However, the same factor creates an opportunity for the company to improve its sustainability through suitable changes in its activities.
Therefore, in-depth understanding f case guidelines is very important. Objectives of the organization and key players in this case. Typical stakeholder is the government, who introduces labor law reforms such as ceilings for bonus calculation or smoothing minimum wage level.
Strength of property rights and law rules. Precise and verifiable phrases should be sued. Housing Industry Association Barriers to entry that includes copy rights and patents. Branding — Ford is a well knowsn American Brand — the legacy of Henry Ford lives on thorugh his cars and production line.
Perform cost benefit analyses and take the appropriate action. The company could push its exports to the U.
Lincoln Electric Market Share SWOT Analysis PEST Analysis Financial Analysis Should India be our next step in globalization? Projected in the next 50 years, India is going to be the fastest growing of the world's major economies () Real average annual growth in GDP is above 9% for the past three years.
Pest Analysis. Edit 0 4 The company formed Lincoln Electric Welding, Cutting, Tools and accessories inc.
dedicated to growing the retail channel. Lincoln complemented its successful line of retail products with the acquisition of the century and marquette welding and battery charged brands.
Harvard & HBR Business Case Study Solution and Analysis Online - Buy Harvard Case Study Solution and Analysis done by MBA writers for homework and assignments. All of the solutions are custom written and solved individually once orders are placed. Lincoln Electric. SWOT Strengths Entrance of General electric and Westinghouse PEST Political Environment Guaranteed employment required by Canadian law but not introduced Lincoln's Expansion Into India_2.
uploaded by. Lu Xiyun. new coke. uploaded by.
Roshni Raj. Should Lincoln Electric expand in India by investing in a major facility there? T he decision to invest in a major facility in India must be taken with a risk/benefits review of the political and economic conditions, the nature of the market, and the competitive situation in holidaysanantonio.com political condition is stable and the economy is booming so Lincoln is taking a calculated risk in investing.
The Lincoln Electric Company Case Analysis Introduction Lincoln Electric Company is a manufacturing company, which has been focusing on welding products for the recent 30 years. The company had outstanding brothers leading the company to success.Lincoln electric pest analysis