External/Industry Analysis: Workforce Housing in the Oil and Gas Industry

Nonetheless, in this case, workers are lowly paid. They have to organize strikes for any wage increment to be effected. The labor unions are actively involved in dealing with the concerns raised by its members. All members are therefore called upon to pay a small proportion of their wages to the union as indicated by the young lady’s payment of 25 cents monthly. Wage inequalities are overwhelming particularly defined by gender. She reports that some men could make as much as $16 a week while others as low as $3.5 while she was on $5.5. Mistakes are not tolerated at all. New workers are called upon to be very clinical and accurate in their work. This explains why they would suffer in the course of their work and never report it. Perhaps the death of the young lady’s mother is related to

Levitt explains about conventional wisdom. He also explains the similarities between a drug dealer gang and corporate America. This is a unconventional example that Levitt uses to explain the structure of corporations and businesses, with a low amount of high tier workers at the top of the pyramid making most of the money and also having hundreds of low tier workers below, even though these are the workers that are the main supporters of the structure to keep it from falling. Another essential part in this chapter is the different variables that add to wage assurance. Employments that have many people accessible to do them by and large pay lower, while occupations that require a particular ability not regularly found will pay higher. Clearly, occupations that are less attractive or even hazardous must pay higher, with a specific end goal to give workers enough motivation to stay in the position. At last, if there is popularity for a specific administration, occupations in that administration industry will have higher pay, since more buyers are seeking it

When manipulating a business’s strategy, it is important to focus on the external factors in the environment. An external analysis is where a business conducts environmental scanning that present a company with the key external forces influencing the organization. The facets of external forces examined are the business environment, remote environment, or the competitive environment. A business environment is all of the external factors in the general environment that a firm cannot control, but can affect their strategy. The remote environment is the forces that affect most firms. Lastly, a competitive environment is the firm’s specific industry and its entirety. The external analysis is pertinent to a company called Dick’s Drive- In; without it, Dick’s would not be a thriving popular business today.

the internal analysis of the firm and the external analysis of the industry and competitive environment

Businesses are continuously growing over time as technology advances and people find better and more efficient ways of production. With the expansion of a business, companies need more laborers and workers to help make their company successful. However, instead of hiring more people, business owners forced workers to work long shifts with very minimal pay. While muckrakers brought much attention to

Many cities in the u.s have been affected by the Oil boom, countless have made millions on this product. Oil isn 't always easy to find, as a matter of fact, it can be very difficult. Often times oil seeps to the top of the surface, making it easy to find, but most of the time people have to drill to find it. In the earlier days rigs could only work on land, however now we can use oil platforms to get oil from under sea beds. Many towns like Bainville and Watford city are being affected very heavily because of the oil, changes include: growth of population, riots, and heavy construction. Not all the people in these towns support and agree with the pipeline, which oftentimes leads to protests and riots. Many protests have ended in arrests because of the violence they promote. Many people across North Dakota have been taking drastic measures such as blocking highways and roads, killing livestock, and violent fights.These people are upset because this pipeline runs across some sacred burial sites of the ancient Native American tribe leaders. The Bakken Shale formation is one of the largest oil and gas industries, it covers over 200,000 square miles in just North Dakota, Montana, and Canada.(Carter,2013) The pipeline is 12inches wide and travels over 500 miles across the US. So far, between North Dakota and eastern Montana they have produced 1 billion barrels of oil. In just North Dakota, jobs are very easy to find in the oil industry.

Tap water isn’t supposed to catch fire. It does in Dimock. Josh Fox, the director of "Gasland," chronicles his search to discover what gas drilling in the Marcellus Shale might do to his beloved Delaware River watershed should he and his neighbors sign the leases they received in the mail. That search takes him first to Dimock and then across the United States, where he meets people struggling with unexpected consequences of gas drilling in multiple states. He spent time with citizens in their homes and on their land as they relayed their stories of natural gas drilling in Colorado, Wyoming, Utah and Texas, among others. He spoke with residents who have experienced a variety of chronic health problems directly traceable

The documentary Gasland, directed and narrated by Josh Fox, tells the frightening story of corporate greed and a lack of concern for the negative effects of natural gas drilling called fracking. The story begins with Josh receiving a letter from a natural gas company seeking permission to drill on his family’s Pennsylvania estate in exchange for $100,000. In an effort to decide whether to accept the deal, Josh drives from state to state interviewing scientists, politicians and mostly working class people being affected by this method of natural gas extraction. In areas where people welcomed the additional income and allowed fracking on their property thinking this process was safe, they were now experiencing unclean underground water that is igniting, animals that are losing their hair

Texas has for many years been acknowledged for maintaining significantly affordable housing rates despite various economic changes experienced across America. Majority of the people living in Texas fall under the categories of low and middle-income earners. In Texas if ou are making minimum wage, you won’t be able to make rent. In this study it tells us that if “ The average Texan household will need 2.4 minimum wage earners or 97 hours of minimum wage work per week, in order to make rent.”(o’neil). Which is super difficult for two adults living in one household, which makes it even more challenging for single parents, elderly, and people with disability. However, change is possible, and recent

Identify elements of the external environment and internal resources of the firm to analyze before formulating a strategy.

Nearly all $3.8 billion was to be spent in the four state region of Iowa, North Dakota, South Dakota, and Illinois. North Dakota received 37%, Iowa 27%, South Dakota 22% and Illinois 14%. The initial spending would provide an influx of capital into the local economies. Additionally, due to direct, indirect, and induced spending the project is expected to bring nearly $5 billion in production. As a result of the influx in capital and spending, there is an expectation of a large short term employment increase resulting in increased short term spending. In the long run, the expectation is that there will be a significant portion of jobs brought to the area which will also provide additional spending. Table 1 shows the breakdown of the direct, indirect, and induced labor income in each state. The total expected labor income, or wages earned through new jobs, totals $1.9 billion. The increased employment is expected to bring an additional 32,000 job years (or sum of years employed) to the region. Table 2 shows the output, labor income, and job-years in the region. The argument for economic benefits in the region is rooted in the capital infusion and employment opportunities in the region. According to CNBC, the region, and particularly North Dakota is extremely dependent on oil production. During a strong oil market in 2014 ND GDP grew 6.2% while US GDP grew only 2.2% (Pofeldt 2015). The

economy. Accordingly, Toon I contemplate class envy than whatever else. Furthermore, like such a significant number of contentions today, you can't disregard the political segment. As opposed to cutting occupations, organizations utilizing low-wage specialists balance wage increments in different ways, says Michael Reich, educator of financial matters at the University of California, Berkeley, and coauthor of one of the two examinations on which the CBO essentially based its evaluations. At the point when compensation is higher, representatives remain longer in their occupations, and that spares bosses the cost of procuring and preparing new specialists. "Worker stops fall significantly in what are regularly 100 percent turnover ventures." Or, as he places it in a piece on Politico, "We don't discover confirm that raising the minimum wage slaughters occupations, yet we do discover prove that it murders work opening “(Toon,

There will be 2 parts to external analysis; it will be done based on general environment and competitive environment. External analysis is basically analyzing the factors that are not within the control of an organization for the general environment part. As for the competitive environment part, the strength of an organization’s current competitive position, and the strength of a position it is considering moving into will be identified to help prepare itself for every possible happenings in the near future.

External environment is quite important for the any company, because it creates the conditions that the organization need to run the business in. In order to develop company strategy successfully, the external environment need to be analyzed properly. One of the best techniques to do that is Five Porter’s Forces analysis.

An analysis of the external environment includes the factors in a business’s external environment about a business's industry, competition, and political and social environments, and affects the firm’s strategy (Aaker, 2001).