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External and Internal Environmental Analysis for Wolff Urban Development, LLC - Admission/Application Essay Example

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Summary
There is a huge list of the projects which have been acquired and constructed by Wolff Urban Development, LLC. Some of its recent acquisitions include; The Carlyle New York, Park Hyatt Sydney, Fairmont San Jose, The Ritz Carlton, St. Louis, Four Seasons Santa Barbara etc…
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External and Internal Environmental Analysis for Wolff Urban Development, LLC
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Download file to see previous pages External and Internal Environmental Analysis for Wolff Urban Development, LLC
Being a successful and leading company, Wolff Urban Development, LLC also has to come across with several external and internal environmental factors which affect the business operations of the company. In order to gain insights of such factors influencing a real estate company, a detailed analysis has been done in proceeding sections of this paper.
External Analysis
External analysis refers to all those factors which reside outside the boundaries of a business but they have substantial impact on the operations of that business. External analysis is generally conducted by performing PESTEL Analysis as it is the only model which incorporates all the external factors affecting a business. The integral components of PESTEL Analysis include:
• Political
• Environmental
• Social
• Technological
• Economic
• Legal
External Analysis of Wolff Urban Development, LLC through PESTEL Analysis has been presented in subsequent paragraphs.
• Political Factors
Changing fiscal and monetary policies affect the way businesses perform their operations. Wolff Urban Development also has to face critical situations from governmental level including rising interest rates, inflation rate etc.
• Environmental Factors
For the projects which Wolff Urban Development acquires, there are no evident environmental issues but the major environmental issue results from the construction of projects that is Land Contamination. Land Contamination incorporates all those human activities which cause harms to the environment such as pollution, unsuitable trash disposal. All these activities can be injurious for environment. Wolff Urban Development is not prone to environmental issues because most of its business processes are related to acquisition and management of real estate property sites. Social Factors The demand of tourism is ever growing in America. Such demand leads to construction of hotel, resorts, sports complex etc. The economy of America is also undergoing change after the financial crisis of 2008 causing a greater demand of cheap housing schemes. In this regard, Wolff Urban Development has got new ways to tap the unattended markets. Technological Factors The sector of real estate and construction always demands latest technology as this improves business processes in a profound manner. For the sustainability of its projects, Wolff Urban Development has always integrated latest technology in its construction as well as investment management projects. Economic Factors Business operations of Wolff Urban Development were considerably affected by the financial crisis of 2008 as the major reason was the decline in the real estate sector. Despite of that, due to its adequate strategies it managed to cope up with the changing economic environment of the country. Legal Factors Wolff Urban Development works under several regulatory authorities and is a recognized participant who creates increased tax base, positive identity and employment base for several urban jurisdictions and municipalities. In this way, its legal environment also fall in its favor facilitating in expanding and growing in the sector of real estate. Internal Analysis Internal Analysis of a company refers to analyzing the internal ...Download file to see next pagesRead More
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