External and Internal Environments - Essay Example

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External and Internal Environments: Waste Management Incorporation Name: Institution: Contents Background………………………………………………………………………….3 General Environment………………………………………………………………3 i…
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Download file to see previous pages ..6 i. Competitive Rivalry………………………………………………………..6 ii. Power of Suppliers…………………………………………………………7 Recommendations for the Forces of Competition…………………………………7 External Threats……………………………………………………………………8 Strengths and Weaknesses…………………………………………………………9 Resources, capabilities and core competences…………………………………….10 Bibliography……………………………………………………………………..13 Background Information Waste Management incorporation is one of the largest waste disposal firms in the United States and the world. This company has many subsidiaries in different countries across the world. Arguably, this company serves more than 2.5 million organizations and 26 million residents in Canada and the United States. This company has segmented its geographic environment into five regions, which include the Southern, Eastern, Western and Midwestern United States and Canada. The company recycles the waste products and also uses it to generate energy (Waste Management, 2012). The company provides waste gathering, transportation, and reprocessing and disposal services. Waste Management incorporation carries on its activities as the world leader in waste management that range from medical and solid waste to extremely poisonous chemical waste. This organization has in the past been experiencing growth and increase in stock prices at healthy rates (Waste Management, 2012). The General Environment A firm’s environment consists of aspects that the firm can readily influence as well as aspects that are distant from its influence (Hitt et al, 2011). The general environment relies on the external environment of business. The general environment consists of factors that have dramatic effects on firm strategy. In essence, organizations have little capacity to forecast trends and events in the general environment and even less capacity to control them (Longenecker, 2005). The general environment consists of the demographic segment, technological segment, political and legal segment, environmental segment, and the social factors segment. Waste Management Incorporation operations have been profoundly influenced by the political and legal environment and the economic environment (Waste Management, 2012). i. Political and legal Environment The political environment of many nations directly influences the operations of Waste Management Incorporation. Since this company disposes waste that drift from normal consumer refuse to toxic industrial waste, drafting and implementation of new legislations concerning the industry can have a severe economic effect on the organization’s outcome. The United States government has implemented laws and regulations that influence this company (Waste Management, 2012). The United States government has enacted many public, occupational and environmental health and safety associated acts that have impacts on waste disposal industry in the nation. The Solid Waste Disposal Act together with Resource Conservation and Recovery Act of 1976 are acts which transformed the industry of Waste Management Incorporation to the present state. Many organizations had to change and adapt to the new guidelines (Waste Management, 2012). In addition, the management of perilous waste was stipulated in Comprehensive ...Download file to see next pagesRead More
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