Introduction
BMW i.e. Bayerische Motoren Werke AG is one of the leading automotive company established globally, but based in Munich a city in Germany It manufactures, various models of cars, motorcycles, mini cars, and
Rolls-Royce.
Pestel Analysis
Political Factors
These are those governmental by-laws, legal regulations and security measures formulated by the governments to control the automobile industry performances. These are:
a) The environmental restrictions and norms to be fulfilled by the automobile manufactures to facilitate a pollution free environment.
b) Taxes and duties both by domestic and foreign countries affect the policies and success.
c) Schemes favoured by regulatory bodies to encourage production of high mileage cars.
This essay is an example of a student's work
Disclaimer
This essay has been submitted to us by a student in order to help you with your studies. This is not an example of the work written by our professional essay writers.
Economical Factors
a) Reduction in euro exchange rates varies the European automotive market.
b) The movement of the European market towards downfall affected the industry.
c) The economical conditions of the global level affect the top brands like BMW closely as this is spread over the world.
d) The developing countries purchasing capacity and demands attract the new developments.
Social Factors
a) Changes in the cultural factors categorizing status symbol at a time or fuel efficiency based development influence demand-supply factors.
b) Variation in purchasing power of the buyers due to industry trends affects the sales.
c) Awareness about the global warming, eco-friendly automotive & harmful emission resistant cars influence the sales, new developments and turnover.
Technological Factors
a) Use of more technology owing to the rising demands of consumers.
b) Technology not just helps cut down cost, but enables more complex yet comfortable designs.
c) This supports eco-friendly revolution.
Environmental Factors
a) The awareness about global warming, go-green concept, etc. affects sales.
b) Changes in the tastes and choice of the consumers and buyers all over the world influences business.
c) Inclination of consumers towards eco-friendly, more comfort oriented, fuel-efficient cars, etc. marks new developments.
d) Norms suppressing pollution emission to protect environment.
Legal Factors
a) The restricted norms on environmental measures and preventive measures to ensure more fuel efficient and go-green vehicles.
b) Strict norms of the other countries and global level impacts the initiatives of the automotive industry.
SWOT Analysis
Strength
1. Brand Recognition
BMW enjoys a reputation in the global automotive industry in the top five. This categorises it as reputable business at a global level. This has made a BMW a huge brand name not just attracting consumers,
but also a highly trained workforce.
2. Eco-friendly vehicles
BMW attempts to make more of fuel efficient and eco-friendly cars supporting the global pollution free revolution.
3. Emphasis on high quality
BMW is known for its highly engineered developments; top sophisticated models of cars, and trained and highly qualified workmen.
4. Trained and highly skilled workforce
BMW is known to recruit the most qualified, skilled, experienced and productive workforce at various levels and departments.
5. Meeting corporate social responsibility
CSR characterizes the practices of the company towards its stakeholders’ wellbeing, environmental protection, societal upliftment and sustainability initiatives. With this company perform acts like
employee health benefits, providing them additional benefits of accommodation, crutches, educational sponsorships, life & health insurances, etc., society sustainability activities, waste management
programs, etc.
6. Strong market presence in China
As per the market statistics the BMW sales have increased immensely in the markets of China and other developing countries. This is owing to increase in their purchasing capacity, standards of living and
global influence of economic growth in their domestic economy.
Weaknesses
1. Higher cost than competitors
Quality demands a price. Quality products come from expensive raw materials and skills workmen demand higher pay scale which cuts down the profits and increases the cost structure. Its cost is higher than
its other competitors, namely Volkswagen, General Motors, etc.
2. Brand portfolio is weak
The BMW portfolio contains only a few brands, namely, Rolls Royce, Mini and BMW. They are very good performing segments of the BMW but it fails to serve the needs of the larger section of the consumers
demanding diversification targeting a wide range of customers, markets and products.
3. Low strategic alliances and partnerships
Most of the growth of the company is purely its own and a very few is from the strategic partnerships and alliances. Without partnerships it becomes difficult to grow at technological and engineering
level. Thus more growth will come from more partnerships and ventures.
4. Expensive products
BMW cars are highly priced than its competitors as it focussing on luxury cars which demands quality raw material which is costly, skilled workmen which are expensive to hire and top technology which adds
to its direct cost.
Opportunities
1. Rising petrol & diesel prices
Rising fuel cost attracts the consumers towards BMW fuel efficient models and hybrid & hydrogen cars. This helps them cut down their routine fuel expenses and contribute towards a pollution free
environment.
2. Demand of eco-friendly vehicles
The go-green revolution has increased awareness of choosing cars that helps emit lower harmful effluents and keep the environment pollution free. Hybrid and hydrogen cars are an attraction in this case
and in hot demands.
3. Changing needs of customers
To meet the needs of wider sections of consumer expansion in the brand’s portfolio is needed. This will help to grow at a higher level new products and models to its list.
4. Changing pollution norms
The strict pollution control and environment friendly regulations support the growth of BMW as it produces fuel efficient models. It aims at producing ecological cars and also developed hydrogen cars with
no CO2 emission. So these effects do not affect BMW in a financial manner as it already follows these norms.
Threat
1. Cut-throat competition with other global leaders poses a threat by sharing of market and reduction in sales.
2. Growing prices of raw material make the BMW cars more expensive as its models are already highly priced than its competitors because of expensive raw material used.
3. Falling prices of fuel poses a negative impact on BMW sales as it produces fuel efficient products and hydrogen cars that reduces the fuel expenses of consumers.
4. Fluctuating euro foreign exchange rates affects lesser euro’s in exchange of another currency that reduces its value of exchange.
Why should you hire a dissertation writing company for your dissertation research?
What a dissertation is for a student pursuing a higher level of studies is like a compilation of all the scholarly learning and training undergone by him/her all during the graduation program by putting it in
a research project in a very efficient form. This thereafter serves as a source of information or learning material for the other scholars or knowledge for the public at large. There are certain standards and
benchmarks to follow in order to qualify for approval from the graduate school or university and to make the information in a proper order and homogeneous manner.
As this marks the beginning of your career so it says it all, how does it impact the whole gestalt of the learning, development, evolution as future employee or a scholar, professional training and
qualification enhancement of a student. Therefore the qualities to be possessed for a quality dissertation are:
- Quality of information to be collected
- Relevance and connectivity with the topic chosen
- Flawless writing
- Uniform and appropriate presentation
- Meeting of deadlines, maintaining the quality of work
- Keeping the knowledge of dissertation formats from reading other scholarly material and sticking to some technical and standard criteria to keep the stuff organized and consistent.
2. Demand
Reasons that stress upon the need to hire a dissertation company to write your dissertation are as follows:
1. Team of professional writers
The company hires a team of dissertation writers who are professional and strictly trained for the purpose of delivering quality work of writing. They possess not just the experience, but the guidance and
association with the learned and qualified scholars and researchers who form part of the team. They possess more knowledge and expertise than the graduate students who have just started the process of
learning. With the professional team, they strengthen and multiply their level of quality work, flawless writing and higher speed to meet the deadlines maintaining the quality of errorless writing
content.
2. Level of experience
The professional dissertation writers possess a higher level of experience by working in the field for more time with the higher number of dissertation clients having a wider knowledge base and
understanding of the whole process. This makes them not just qualified but higher instinct for choosing the topic, relevant data collection, consistent and flawless writing, meeting the standard and
technical format and guidelines for targeting the approval, plagiarism free content, proofreading for chalking out the mistakes and correcting, meeting of deadlines with ease and good quality of writing
material.
3. Quality of writing to make it a piece of information and knowledge
What is important in a dissertation is not just collection of huge amounts of information and jotting it down, but it is the collection from the right sources, proper compilation and assimilation of data,
uniform and consistent presentation in a standardized and technically sound format and error free writing skills. Only then it becomes a knowledgeable content of information for use to other scholars,
students and the public at large adding to betterment of human life and existence. Quality is what is more important than the volume, which comes with practice, experience and attitude of the professional
dissertation writers.
4. Saves time with efficient guidance
For a student finding a topic for dissertation is a tough job which forces him to take lots of time putting in efforts to search for information, guidance and support. This increases the risk of missing
on the deadlines and removal of name from the list of graduating students. The professional writers with the level of experience and knowledge not just get the speed, but the understanding of choosing the
appropriate topic which distinguishes dissertation of a student from other and submission within the targeted time frame.
5. Provide service more than expected
The company of professional dissertation writers isn't just writing the dissertation content for a student, but also provide other important services. These include a plagiarism check, bibliography
writing, referencing of the sources of information, meeting urgent deadlines, proofreading, making necessary corrections, 100 percent authenticity guaranteed, timely delivery of the project, meeting all
the technical instructions and guidelines and affordable rates. Post delivery assistance and corrections are also ensured with these professionals.
