Only Element 1 from this assessment should be done.\nElement 1. Is group presentation of 4 people. My classmates did the first part 5 slides and I need to continue.\nThe topic is PESTEL analysis of SHELL . Need to be around 5-7 slides.\n
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PESTLE OF SHELL
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POLITICAL โ It is necessary for business firm like Shell to consider carbon emissions framework of EU and UN. โ It is also essential to have consideration of UK relationship with other countries so that trade decisions can be taken into account accordingly. โ Employment needs of government should be fulfilled to meet the standards and improving relations so that operations can be accomplished significantly.
ECONOMIC โ Current economic situation of UK allows to have expansion because currency rate is continuously improving. โ Inflation and other economic values are under control which allows to improve the performance using economic strength. โ Economic reforms will allow Shell to advance the operational practice more effectively.
SOCIAL โ Social need of nation and market must be analysed to meet the outcome. โ If changes in operation are not according to changes in demography and education then it might affect business negatively. โ Rapid growth in social trends can motivate to advance the standards and operational values.
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TECHNOLOGICAL โ Technological forces allows to have impressive change in operations. โ Using technology advancement the cost control factor can be boost. โ Control over carbon emission can also be improved within Shell for sustainable development
LEGAL โ Legislation forces need to be referred properly to meet the objectives and promotion of ethical practice. โ Norms and policies changes in regard to oil and gas refinery need to be consider significantly because violation can create licensing issues. โ Improved level of jurisdiction and policies advances the sustainability. โ Safety equipment's and policies must be according to EU and UN standards.
ENVIRONMENTAL โ Environmental forces are becoming increasingly important as more people consider the consequences of continually interfering with the ecological balance of nature. โ Ethics can be advanced improving environmental concern during oil and gas operations. โ Carbon emission standards need to be set out properly in operations.
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REFERENCES โ Yan, J., 2009. Fast synthesis of core-shell LiCoPO4/C nanocomposite via microwave heatinganditselectrochemicalLiintercalationperformances.Electrochemistry Communications.11(1) pp.95-98. โ Maitra, S., 2012. Decomposition study of calcium carbonate in cockle shell.Journal of Engineering Science and Technology.7(1). pp.1-10. โ Cadle, J., Paul, D. and Turner, P., 2010.Business analysis techniques: 72 essential tools for success. BCS, The Chartered Institute.