Importance of PESTEL Analysis for John Wood PLC

Business Environment
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Executive Summary
Business environment is inclusive of different type of elements in internal and external
environment that impact and influence of organisational decision making process. It is essential
for complete to evaluate these factors with the help of significant tools and techniques. Present
report includes discussion on John wood PLC for which PESTEL analysis is being conducted.
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Executive Summary.........................................................................................................................2
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Task 1...............................................................................................................................................3
Examine how your chosen company is governed and structured...........................................3
Task 2...............................................................................................................................................4
Evaluate the importance of carrying out PESTEL analysis for an organisation....................4
Task 3...............................................................................................................................................6
Use the PESTEL framework to analyse the external environment of your chosen company6
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................9
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INTRODUCTION
Business environment is defined as a collection of internal as well as external elements and
forces that are having ability to impact upon organisational operations and decision. Some of
these forces include competitors, government, and consumer, and political, social, supplier,
technological and legal elements (Thakur, 2021). In order to perform operations in effective
manner organisation is required to evaluate all the factors prevailing in internal and external
business environment in order to determine their influence upon company. This will allow
business organisation to perform their roles and responsibilities in effective manner while
undertaking use of growth and development opportunities. Business environment factors also
have influence upon performance development and outcome of an organisation. Thus in order to
ensure long-term survival and growth company is required to determine business in my mental
factors with the help of effective techniques and tools.
Present report has been conducted on John Wood PLC which is operating their business
services as British multinational engineering and consulting business. In this report discussion
has been conducted on importance of pestle analysis along with the application of same within
organisation.
MAIN BODY
Task 1
Examine how your chosen company is governed and structured
John Wood PLC is a British multinational engineering and consulting business organisation
headquartered in Scotland, United Kingdom. It was founded in the year 1982 by Ian Wood who
is Scottish philanthropist and businessman. This organisation is performing their business
operations in energy and built environment industry and their main products are engineering and
consulting. With having more than 45000 employees John Wood PLC is performing their
business operations by offering high quality services and products and offer range of production
support, maintenance management and engineering services to the energy and industrial sectors.
Roy Franklin is chairman of this organisation and Robert Watson is chief executive (The board.
2021). This company is one of the world's leading engineering and consulting companies
operating across energy and the built environment. It has been underlined that this organisation
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