Internal and External Analysis of Centrica plc - Desklib
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This presentation provides an in-depth analysis of Centrica plc, a multinational energy and services company of UK. It includes SWOT analysis, political, economic, social, technological, and environmental factors affecting the company's performance. The presentation also provides access to books and journals on Desklib.
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INTRODUCTION TO THE BUSINESS
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TABLE OF CONTENT Introduction Main body Internal analysis of Centrica plc External analysis of Centrica plc Conclusion References
INTRODUCTION Business is the structured effort of individual to develops and sells their product for profit and revenues. Centrica plc a multinational energy and services company of UK.
Internal analysis of Centrica plc SWOT analysis of Centrica: Strength: Centrica plc company is the largest supplier of gas and electricity services in UK. Its strength help it to penetrate new market which gives it a strong position in UK. Centrica company has strong cash flow which helps them to use more resources for the company..
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Continue… Weakness: Centrica company needs to learn more new technologies to compete in their market with their rival companies. Company needs to improve their financial strategies the current asset issues of the company shows that company can use cash flow on the basis of their present situation.
Continue… Opportunities: New market trends gives many opportunities to Centrica in which they can diversify their services into new product which can build new revenues for them. Centrica has new opportunity to expand its industry because of recession and slow growth of market offers great opportunity in its field.
Continue… Threat: Innovation of new technologies increase number of industries that develops the environment of competition due to this Centrica company feel pressure to innovate their product in unique and better way than others. Revenues of Centrica can be threatened by rise in raw material.
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External analysis of Centrica plc Political factor: Political factor plays an important role to impact the revenues of Centrica in a market. As Centrica company is running in different countries and in different areas of its native country that allows it to open up to different political environment.
Continue… Economic Factor: Economical factor such as inflation rate, interest rate etc. plays an important role to accumulate the economic rate. By using country's macro environment Centrica company can take the advantage to increase their growth trajectory of their organization.
Continue… Social factor: Social external environment factor are those factor which affects the organization with the impacts of their various cultural activities. It is essential, for those recently established to focus on the place culture, education level, purchasing power, attitudes, interest and many more .
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Continue… Technological factor: Every one knows that transformation in technology has been very fast. In the competitive market a company facing lots of issues by changes in technological factors. This company provides electricity and gas services. Surviving in the competitive market company has to apply new technology for stands in global market.
Continue… Environmental factor: Differences in weather, changes in environment laws, climate change etc. things are directly affecting the company's services. Centrica company has factory of gas production and electricity production, so they have to focus on waste management, knowledge of environmental laws and policies, making eco-friendly environment, reducing the factory pollution are essentials for company performance at market.
Continue… Legal Factor: Entering the new market company has to know about legal polices of government is important. Legal environmental policies and rules are impacting the organization image. Changes in laws are impacting the Centrica company services.
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CONCLUSION It has been summarized from the above reflective study that external and internal environment activities are directly affecting the business performance. Changes in right time on the technology and the application of new tools or techniques has been effective and beneficial for business growth.
REFERENCES Books and Journals Gooberman, L. and Hauptmeier, M., 2019. Employers’ organisations and public value 1. In Public Value (pp. 236-251). Routledge. GURL, E., 2017. SWOT analysis: A theoretical review. Kalogiannidis, S. and Mavratzas, S., 2020. Impact of marketing mix strategies effective product development issues in MNCs/Retail. International Journal of Business Marketing and Management (IJBMM). 5(12). pp.118-125.