This report discusses managing strategy, operations, and partnerships in the context of the organization Thermax. It covers topics such as PEST analysis, application of Porter's 5 Forces, and survival and success factors for the industry. The report provides insights into the external environment factors, political stability, economic factors, social trends, and technological advancements. It also explores the competitive landscape, potential new entrants, supplier power, and customer power. Additionally, it highlights sustainability factors for the industry and the importance of bringing sustainability into the working environment. The report concludes with the significance of internal scanning and competitive advantage for achieving organizational objectives.