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World Rim Pestle Analysis Essay

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A Report on Nordic Rims A/s (subsidiary of world Rims LTD) Name of the student Yamuna Pradhan Name of the Institution Zealand Institute of business and technology (campus Koge) Examination 2nd semester (written exam) Hand in Date Number of character Table of content Introduction The company World Rim LTD was founded in the year 1953 but later on 1973 this company was named as Nordic Rims A/s by Sorensen’s and it’s on Boston city. This company produces the high quality wheel rim which is used in the field of earth moving, forestry, agriculture and Industry. The world Rim LTD is one of the best companies which sell high quality wheel rims in the world market. Nordic Rims wants their products to be tested either the cheaper …show more content…

Every organisation needs to know about the TOWS/SWOT analysis in order to know about how to develop the strategy which helps in the growth of an organisation. By knowing the TOWS/SWOT analysis one will know about the external as well as internal environment of the company they have and about different factor’s like threats, opportunities, weakness and the strengths. Here TOWS analysis helps us to know about the externals environment and SWOT analysis helps us to know about our internal environment. External environment: - External environment includes threats and opportunities. • Threats:- * Competitors (difficulty for adjusting price with them)and the designs are copied by them. * they have a weak organisational structure the functions needs to be sub divided for the smooth operations. * Italian suppliers from where the bad quality products are purchase its not good fro the reputation of NR. • Opportunities:- Caterpillar just sent NR about the enquiry for ordering the goods and ots a great opportunity for NR to expand their market. Internal environment: - It includes weakness and strengths. •

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