Expert answer:PESTEL SWOT and Action Plan
Expert answer:ADD the following points to the attached report.- more explanation about SWOT analysis and when to use it- at least 6 points to all elements of the SWOT Analysis.- Design a SWOT Table with all relevant issues.- Design an action plan table to overcome the weaknesses and threats.- Each point should have an action plan.- Add 6 points to All Factors in PESTEL analysis.- Relate the factors more to the organization.- in-text citations and references using CU Harvard Style.
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Report about Bahwan Engineering Company
Introduction
Bahwan Engineering company is Part of the Suhail Bahwan Group Started in 1977 and is the
leading businesses enterprises in Muscat which hold the certificate of ISO 9000 as the first
company. it’s through the core values that have enabled the group to execute the many projects
to the exacting standards. Bahwan Engineering Company (BEG), is a private regarding
ownership. The company offers the engineering construction and even the trading services both
in the United Arab Emirates as well as Oman. It also provides the civil construction facilities for
bank buildings as well as multi-stored office, industrial construction, and infrastructure. There is
also a provision of the mechanical, electrical, instrumentation works associated with the oil,
industrial projects, and even the plumbing services. Also, the core business line is an active
investment arm and a chemical product manufacturing plant. The company vision is to become
the preferred engineering, procurement, and construction company in the Oman regions through
the achievement beyond customer expectations, provision of a bright career way for employees,
and ensuring sustainable community growth as well as conservation of the environment. There is
also the mission of the company that strives to achieve excellence in implementation, sales, and
services with a focus on customer satisfaction, employee care, and the community. The most
features of Bahwan industry is the cooperation, team spirit and the commitment among the
employees. More so, Bahwan engineering company provides some services such as maintenance
and calibration of the generators and the associated services, elevators or escalators maintenance
in airports, hospitals, banks and even in the office buildings and the maintenances of the plants
and the factories. The company also provide some of the products like
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the electrical products which hence meets the customer’s requirements since they are of low
voltage switches.
•
Mechanical products which comprise of the products, services and the solutions covering the
broader range of the constructions. The available equipment includes cooling towers, water
recycling pumps as well as the air conditioning materials.
•
The availability of the elevators or the escalators
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Chemical and the industry products like the oil and gas pumps.
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SWOT Analysis
The SWOT is a type of analysis which is a structured planning method and comprises of
the strengths, weaknesses, Opportunities and the threats. It considers either internal factors like
the strengths and the weaknesses or the external factor such as the opportunities as well as the
threats. In SWOT analysis the data is collected through interviews either focal group or
individual, surveys and the questionnaires It helps identify the key factors which affect the
success of the company through realistic analysis of the current state of forecasting the future
situation, realism in identifying strengths & weaknesses and Simple analysis and distance from
complexity. The analysis also provides an excellent way to organize information collected
through survey studies.it also measures the risk for the engineering firm.
Strengths.
This is the available resources and the capabilities that can come up with some competitive
advantages. They tend to have a positive and effective influence. They include
•
They are well loyal to their customers. This enhances the customer relationship.
•
The company spends their money on purchasing the new and modern equipment since they
have a manufacturing plant.
•
They have professional engineers to run the operation and even lectures the new employees
•
Their competitive advantage is that Bahwan company offers the services of sound quality as
well as at low prices.
•
Foremost in the business Houses.
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They have strong financial performances
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Weaknesses
They are factors which affect the company’s internal activities and therefore exploit some
opportunities. They include issues like The lack of resources, skills or capacities that may limit
the effective functioning of the Organization.
•
They are affected by employees issues such poor time management,
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The ethnicity challenge since the company employees’ different individuals from different
countries.
•
There is limited market since they are many companies
Opportunities
These are the external factors that the company are interested to achieve great success with these
opportunities. They also lead to development and growth.
•
There is need for new buildings since the company is expanding
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Come up with the Junior opportunity so they can stay longer with the company
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The upcoming or the emerging technology.
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Acquisitions
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Unfulfilled customer need
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Threats
They are factors that may cause losses or damage or any changes in the external environment
the Company and its performance directly
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The falling prices of oil
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The higher interest rates
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Liberalized domestic markets
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A lot of competitors
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How to overcome weaknesses and Threats?
This involves the action plan that determines the actions that SWOT will perform. The
opportunities are used to build strengths and strengthen weaknesses.it is good for all institutions,
whether governmental or private, as well as individuals for their personal affairs.They make the
individual think outside the scope of the fund; it means new solutions that help the individual as
well as the institution to complete the project in the right way (Gatandra,2011).Since the
company weaknesses are the internal factors or the limitations they are then therefore within the
Organizations Control and can hence be eliminated fox example the issue to deal with the
employees can be overcome by training the employees on the time management
Threats or the risks
These are factors beyond the control of the organization and therefore can be overcome
this through management being able much aware of the competitor’s way of doing things. Such
that in case of competitors, the company management should efficiently know why his company
is not performing like their competitor and also by how much have they outdo them.
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PESTEL Analysis
The word PESTEL stands for Political, Economic, Social, Technological, Environmental
or Ecological and Legal. This kind of analysis tends to determine the opportunities as well as the
risk of a global growth on the Bahwan Company. It also provides a stronger outline that can be
used by either global or multinational company to set to come up with the specific strategy to
ease the risk associated in carrying out their vision and mission statement in new surroundings.
Political
The issue of public spending on infrastructure is expected to decrease in Oman since the
part of the expense will be given to the local feature because of the increasing concerns regarding
sustainability. Political issues might lead to increased service price volatility especially on the
mining which enhances investment on a rail for services transportation.
Economic factors
In case of the financial crisis there results of the slow market in the Bahwan company as
well as in Oman. This means the industry is suffering from the crisis in that the volume of the
construction works plus the investments decreases. The factors may include the following
a)
Fluctuation of input prices such that the people will purchase depending on the market
prices
b)
The market demand issues –decreases in prices of inputs or service leads to higher demand
in the company
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c)
Inflation which refers to the consistent increase of prices in the economy. This affects the
company in that it results in the low purchasing power of customers.
d)
The future growth of the economy and the impacts of the economy on demand for the
project.
Social and cultural factors
This includes issues relating to member’s credibility of the project. They are the supply
networks that the company group depends on in case there is a need for equipment or the
materials. There are also the end users like the attitudes to do with age, income distribution, the
social, economic groups and the birth rate issue.Education in that those educated people are
much aware of the changing technologies, and therefore they might need quality goods and
services, as well as they, are aware of the regulations.
Technological
This is issues relating to the constituents like machinery to be used on the company’s
projects, the off-site manufacture as well as the technological system for communication within
the teams of the project in the firm. It also includes things to do with the technical requirements
of the end-users as part of the design demands in the organization. Therefore, with the modern
technology in the firm there results of the sustainability and the energy security. The importance
of the ICT in the construction sector is increased especially when dealing with technology for
utilizing knowledge of assets which will enhance the efficiency as well as safety visualization.
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Environmental
This includes issues relating to the surrounding environments, for example, the
sustainability which comprises of the geographical location of the company, the site particular
problems such as the pollution, archaeology; the traffics and the access. The construction
engineering company of Bahwan affect the environment in some various ways like generating
the carbon emissions, which creates waste and hence pollution.
Legal
These are the legal issues relating to the construction laws which comprises of the following
a)
The employment law-this may include issues like the payrolls regulations.
b)
The intellectual property rights
c)
The legislative frameworks which tend to support the collaborative working in the company
d)
The certificates and permits in the use and even the disposal parts of the life cycle
e)
The issues of competition laws and the current standards forms in common use.
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Conclusion.
Bahwan engineering company is a firm that is beyond its core business; they have an active
investment arm as well as the chemical manufacturing plant. Therefore, once the PESTEL, as
well as SWOT analysis, is done, then the company can henceforth expand regarding goal
formulation and implementation, environmental scanning and managers also may run the
business efficiently. Through the assignment, the following is discussed the company (Bahwan
Engineering LLC.) services and products within the company. Secondly, analysis of SWOT
which showed the most critical points of strength, weakness, threats, and opportunities .lastly,
the work a plan action to reduce the vulnerabilities and threats to overcome the company in the
future and therefore the following are the recommendation to the company
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Conduct the seminars and the workshops to train their employees in order to increase
experience as well efficiency
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Seek the Government support to boost the company growth
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Reduction of the interest rates
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Take consideration on the global situation of economy
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Expand the market by opening various branches
Work Cited
Alam, Md Shabbir, Naushad Alam, and Md Abdul Imran Khan. “The Performance Analysis of
Saud Bahwan Group, Oman: An Empirical Study.” International Journal of Economics
and Financial Issues 6.4 (2016).
Bricault, Giselle C. “Major Companies of OMAN.” Major Companies of the Arab World
1991/92. Springer, Dordrecht, 1991. 385-432.
Lu, Weisheng, et al. “Strengths, weaknesses, opportunities, and threats analysis of Chinese
construction companies in the global market.” Journal of Management in
Engineering 25.4 (2009): 166-176.
Yuan, Hongping. “A SWOT analysis of successful construction waste management.” Journal of
Cleaner Production 39 (2013): 1-8.
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