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Hutchison External Factors

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External factors:
The external factors include opportunities and threats that exist in the environment. They are Outside influences that affect the performance and productivity of a business. The external factors that are uncontrollable includes:
• The economy  local, national, or international
• Funding sources  foundations, donors and legislatures
• Demographics  changes in the age, race, gender and culture of those you serve or in your area
• social and cultural forces  dynamics and structure of individuals and groups and their behaviors, patterns of behavior, lifestyles and believes
• Government policies  rules and lows

 Opportunities: opportunities are attractive factors in the market or the environment that the business can …show more content…

With their growth for last 5 years, they have created in-house management opportunities for their existing local staffs such as the foremen has been promoted to supervisors and supervisors has been promoted to Superintended and new work position has been created and they did increased their monthly income and has conducting more training program for them. As part of the commitment of Hutchison Port Sohar LLC for employees development and to keep up with the latest developments in the work field, company has sent nine of its employees from the operations & engineering section for two months to China for training on remote control of the (Post Panamax) heavy equipment (QC) as such equipments rapidly contribute in achieving the work and productivity in the …show more content…

As an overall: having a terminal company in an area will develop surrounding place, community and people by increasing job opportunity for locals and SME companies. It also increase a country investment with export and import. Beside this having a terminal will also increase Land/House prices, and develop transportation in area too.

 Threats are the factors beyond the control of the organization and may set the business or its strategy at risk. HPS have no control on these threats but they have contingency plans to improve them. Threats to HPS may stem from:

• Technological changes: technology continues to recover at an exponential rate. Hutchison Port Sohar must be aware of the changes that could affect their business. New strategies, techniques and devices can help HPS to stay ahead of the competition and avoid obsolescence.

• Economic slowdown could reduce demand: an economic slowdown happen when the rate of economic growth decelerates in an economy. This slowdown in the economy could effect on global export growth. People and shipping businesses resort to hold onto their money rather than spend it. The lack of demand from slow growth markets leads to a drop in global shipping rates. The downturn of the economy led to a rapid fall in demand for transport and

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