The company is WM Waste Management. I have a hard time determining PESTEL. I would also like to hear ideas about Part B, but part A is the part I really need help on.
Answer A:
PESTEL analysis is a strategic tool that is utilized in order to analyse the macro environment of the organization. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors. These factors have a direct impact on the macro environment of not only Waste Management industry but all the other industries. However, the intensity of impact varies from industry to industry.
PESTEL analysis for a Waste Management industry is as follows:
Political factors: There are several political factors that have impact on survival and profitability of WM industry. Some of the political factors that have severe impact on this industry are highlighted as follows:
Economic factors: The economy of the country where waste management industry functions influences demand, investment and profitability of the company. Some of the economic factors that have severe impact on this industry are highlighted as follows:
Social factors: The social factors of the operational country have a direct impact on the success of waste management industry. Some of the social factors that have severe impact on this industry are highlighted as follows:
Technological Factors: With technological advancement, prices and competition rapidly changes. Some of the technological factors that have severe impact on this industry are highlighted as follows:
Environmental Factors: These factors that significantly impact Waste Management industry include:
Legal Factors: Some of the social factors that have severe impact on waste management industry are highlighted as follows:
From the several external forces discussed above two driving forces for waste management industry are legal factors and economic factors.
The company is WM Waste Management. I have a hard time determining PESTEL. I would also...
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