Literature Review on World Remit Company

Literature Review
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Table of Content
INTRODUCTION.....................................................................................................................4
MAIN BODY
General information about remittance on the global basis........................................................4
PESTLE analysis of World Remit............................................................................................4
SWOT analysis of World Remit..............................................................................................6
Porter’s five forces of World Remit........................................................................................7
Strategic analysis of World Remit company ..........................................................................7
Theories incorporating the performance of company..............................................................8
CONCLUSION.......................................................................................................................8
REFERENCES........................................................................................................................10
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Executive Summary
The overall report is based on the literature review about World Remit company. The report
consist of genral information about remittance at the global level and also about the certain
frameworks in order to show some contradictions into the findings. In addition to this, the report
will cover analysis about the identification of strategic points. Moreover, the report will cover
discussion about certain theories which help the organisation in order to take appropriate
decision.
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INTRODUCTION
Environment of business basically refers to the factors which has effect on the operations
of company and it includes customers, competitors, industry trends, stakeholders, suppliers and
technological development as well. It is important because to make aware about the actions and
strategies of the competitors as well(Vargas-Silva., 2016). In the present report, World remit
company is taken into consideration. World remit is a digital payment service which provides
facilities of international money transfer and remittance services into more than 130 countries
and over seventy currencies as well. The present report will cover discussion about general
information about remittance at the global level and also about the certain frameworks in order to
show some contradictions into the findings. In addition to this, the report will cover analysis
about the identification of strategic points. Moreover, the report will cover discussion about
certain theories which help the organisation in order to take appropriate decision.
MAIN BODY
General information about remittance on the global basis
According to Bharati basu,(2015) international remittance payment refers to the amount
sent through the immigrants to their families and friends in their countries of home. These are the
payment which provides a significant resource of income thaty is used in the case of providing
different basic requirements of non-migrating people of the families which are immigrant. The
payment of remittance also act as the tool for reducing the level of poverty of the labour
sending countries(International remittance payments and the global economy). It can also be
utilised for the purpose of accumulation of assets through certain countries and familieswhich
constitute as the funds part at foreign level which comes int o the country(Fromentin., 2017).
According to the report of world bank, it has been observed that remittances at global level are
projected to decline sharply through about twenty percent in the year of 2020 due to the
economic crisis which has been used by the COVID-19 situation.
PESTLE analysis of World Remit
Political Factors: These are the factors which plays a very important role for determining the
factor which has an impact on the World Remit profitability of company’s long term in a
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