PESTEL analysis of Cummins ESB business Instructor Institution Date Political factors There is no doubt that Cummins ESB is major global player in the Power and Heat Generation industries owing to its presence in almost all the continents. For instance, Cummins ESB is carrying out its commercial services in North America, Europe, Africa , Australia, south America and Asia…
Notable areas that Cummins ESB is likely to face political and legislative interferences include but not limited to taxation policies, labour laws, trade restrictions, Environmental regulation and investments especially public private partnership ventures. In other words Cummins ESB will have to comply with different legislations relating to taxation, labour, or investment in every country of their operation. Economic Factors Economic factors are inherent concern to Cummins ESB taking into consideration that the factors are likely to influence their profits, investments, costs, prices and demand to greater extent. Notable economic factors that are likely to affect operations Cummins ESB include but not limited to inflation, interest rates, unemployment rates, and or currency exchange rates. The fact that Cummins ESB engage in massive investments across the globe and the same time engage in repatriation of earnings to the parent company (Cummins Inc.), the company’s investments costs as well as revenues are likely to be affected by fluctuating currency rates. The currency rates are also likely to affect the cost of exported as well as imported products and services. Inconsistent interest rates in different countries are also likely to affect the cost of company’s investment abroad. Inflationary trends globally and in specific international market is also detrimental on Cummins ESB earning. Social factors Most markets in the international market are always distinguished from their cultural aspects most of which are inherent while others are acquired. Social trends such as Demographic change; fashion and preference, age distribution, levels of literacy, customs and traditions, attitudes and beliefs are likely to affect the operation of a multinational company to significantly. It is unlikely that Cummins ESB operations will be affected by social trends in the global market considerably. However, demographic change in country or region is likely to increase demand for energy either for lighting, cooking and or heating. Additionally the population is growing more conscious about the form of energy they use as most environmental conservation agencies continue to drug for green energy. Technological factors It is noteworthy that technology is one of the major external variables that has played significant role in developing competitive products and services by Cummins ESB. The technology has not only benefited the company but also Cummins ESB customers as it enhance to effective and efficient delivery of services (Cummins Power Generation Inc, 2010). For instance, introduction of Electronic Funds Transfer Systems (EFTPoS) and Electronic Point of Sale (EPoS) has highly enhanced delivery of services and products. Through effective technology Cummins ESB has managed to design and build energy efficient diesel, LP gas or natural gas generators, digital controls and transfer switches for standby around the globe. All technologic breakthrough of Cummins ESB is attributable to the high investment in Research and development. Environmental factors It is always in the best interest of the common public that a company operate lean projects that are not harmful to the environment. This means that companies have responsibility to remain environmental savvy when producing or marketing ...
Cite this document
(“PESTEL Analysis of Cummins ESB Business Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.net/management/62815-pestle-and-competition-analysis-for-strategic
(PESTEL Analysis of Cummins ESB Business Essay Example | Topics and Well Written Essays - 750 Words)
“PESTEL Analysis of Cummins ESB Business Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/management/62815-pestle-and-competition-analysis-for-strategic.
6 Porter Five Forces 6 Question 3: Imagine you are the new owner. What are the next steps you would take in terms of strategy and why? Where do you see areas to improve? 7 References 8 Question 1: Do you agree with the owner that there is a fit regarding the company strategy and resources?
But due to the low range offered by the electric cars on production at present, companies have started thinking on developing more powerful batteries. This report will analyse the trends that are most important for companies to consider in the future while developing powerful batteries.
The bank is spread across the world and commands strong existence in Europe, Africa, the USA and Asia. The company has it’s headquarter in London, UK. The Barclays Bank aims at making their services and products available for helping to achieve the financial goal of the customers that would in return help the bank to grow economically (Barclays, n.d.).
This paper is going to investigate the importance of SWOT (Strength, Weaknesses, Opportunities, Threats) Analysis and PESTEL (Political, Economic, Social, Technological, Environment and Legal) Analysis in the area of business planning, particularly in the business environment analysis stage of the process.
There are a large number of courier industries operating in the market due to low entry barriers and high demand for the services. The courier companies in the United Kingdom are turning to outsources and e-commerce services. The aim is to offer specialized and technical services.
Mining operations can be found to invest substantially in local economic development, through providing training, public services such as education and health, and public goods, such as clean water, transport, energy, and infrastructure (Mining and Poverty Reduction online).
one-way ANOVA show that there are no significant differences among the three age groups of 21 and under, 22 to 29, and 50 years and older (F=.83, p>.05). This indicates that these three age groups have more or less equal overall levels of job satisfaction.
The next hypothesis
Cummins is recognized as world leaders in gaseous fueled engine technology. Cummins-Westport Inc was formed as a result of a merger between Cummins and Westport in 2001 giving significant advantage over other companies in the CNG,
In UK a different form is used which adds Legal and Environmental to the standard PEST and thus changes the abbreviation to PESTEL.
Top shop is a clothing and apparel chain that operates in more than 20 countries all around the world. Owned by the