Question

1. Define the truck driving company that will provide a service and tell why you have spent so much time dreaming of starting it.

2. Develop a PEST Analysis (Political, Economical, Social, Technological) based on you owning your own truck driving company.

3. Describe how you are going to grow this truck driving company in the global environment.

Answer 1

I have been always looking for starting a truck driving company where multiple fleet of truck would deliver the products for bigger companies and provide support in operation at the respective environment. By including this trucking company in the mainstream supply chain and providing end to end solutions I would definitely increase the way of adaptability as well as provide adequate level of support in operation for increasing the revenue generating better structure of financial management in the respective environment.
Most of the smaller organisations does not have any adequate level of Logistics approach which would be solved by this specific condition and provide adequate level of support in Operation to my business.

PEST analysis for the trucking company is as follows

Political factors

Different political factors include implementation of a structure where different policies regarding truck regulations as well as vehicle regulations can create a huge effect in the overall operative conditions. This specific political factors can also define the level of share of specific company at international market is my company would be looking at the international market segment that the respective environment.

Environmental factors

Most of the companies are not seen through an environment friendly eye. Agitating industry heavily rely on fossil fuel and the level of competition as well as density of other companies can create a huge difference in operation for the specific organisation. Other environmental factors would include intense competition at the respective environment as well as enhancement of the services at the respective location of operation.

Social factors

Trucking industry generates huge employment which would definitely affect the local community as I am looking forward to hire drivers from my local community to increase the level of income as well as increase the level of employment at the region. This specific approach would provide good social identity to my packing company at the respective environment as well as provide extensive reach to the communities and the businesses.

Technological factors

As the tracks are continuously advancing and new technologies are taking place, hybrid or electric tracking is also creating a huge difference in Operation where more and more companies are difference between transportation. In this specific conditions all of the transportation capabilities are highly affected by these technological factors which are driving a change in elimination of new technologies at the respective industry.

I would definitely Use technology as a main tool for increasing adaptability of my organisation in the respective environment as well as to provide adequate level of support in distribution and services. For growing this specific service in global environment I would prefer doing the structure of hiring other people's trucks and paying them for the services. This would enable me to increase my services at a very quick pace across the globe as well as to implement an online structure of operation which could would be increasing the adaptability of my organisation in the trucking industry and by contacting many of the smaller firm I would also increase the level of share for the business that I will get for the specific company.