External Analysis
a. External Environmental Scan (PESTEL Analysis)
Political Factors
Generally, Canadian Tire Operates in Canada and thus, it has to adhere to Canadian laws and regulation in relation to safe undertaking of business practices, adhering to tax regulations and laws, enhancement of the environment as per Canadian laws and the global laws that govern safe environment and sound employee practices.
Canada is a political democracy with a stable political environment, which is conducive for the good performance and growth of the business as there are minimal political strife and little chances for violent conflict as those witnessed in some countries.
The level of government involvement in businesses in Canada is high where there …show more content…
The main factors that are enhancing the population growth are natural growth and the influx of the immigrants. The influx of the immigrants is vital for the growth of the company in that they provide discounted labor as most of them seek for economic empowerment. Further to this, the increase in the population is important in providing a large customer base for the organization and the requisite skills for managing and operating the organization through diversity as the social atmosphere of Canada is currently holding people from different …show more content…
The roads are state of art and are usually maintained to avoid inconveniencing the public and its corporate users. There are many airports that enable easy transportation of the customers in a timely way.
Environmental factors
Canada adheres to the tenets of going green. The government and other stakeholders have been pushing pressure on organization to adopt practices that promote environmental sustainability and prevent pollution by minimizing carbon emission through the use of fossil fuel. At the moment, the use of green power is increasing in Canada and most of the organizations are adopting environmental conservation as their corporate social responsibility.
The body that is mandated with the environmental conservation in Canada is the Environment Canada and acts under the Canadian environmental protection act. The body is currently undergoing structural transformation to standardize the implementation of environment policies and to centralize decision-making processes and authority.
Legal
a. External Environmental Scan (PESTEL Analysis)
Political Factors
Generally, Canadian Tire Operates in Canada and thus, it has to adhere to Canadian laws and regulation in relation to safe undertaking of business practices, adhering to tax regulations and laws, enhancement of the environment as per Canadian laws and the global laws that govern safe environment and sound employee practices.
Canada is a political democracy with a stable political environment, which is conducive for the good performance and growth of the business as there are minimal political strife and little chances for violent conflict as those witnessed in some countries.
The level of government involvement in businesses in Canada is high where there …show more content…
The main factors that are enhancing the population growth are natural growth and the influx of the immigrants. The influx of the immigrants is vital for the growth of the company in that they provide discounted labor as most of them seek for economic empowerment. Further to this, the increase in the population is important in providing a large customer base for the organization and the requisite skills for managing and operating the organization through diversity as the social atmosphere of Canada is currently holding people from different …show more content…
The roads are state of art and are usually maintained to avoid inconveniencing the public and its corporate users. There are many airports that enable easy transportation of the customers in a timely way.
Environmental factors
Canada adheres to the tenets of going green. The government and other stakeholders have been pushing pressure on organization to adopt practices that promote environmental sustainability and prevent pollution by minimizing carbon emission through the use of fossil fuel. At the moment, the use of green power is increasing in Canada and most of the organizations are adopting environmental conservation as their corporate social responsibility.
The body that is mandated with the environmental conservation in Canada is the Environment Canada and acts under the Canadian environmental protection act. The body is currently undergoing structural transformation to standardize the implementation of environment policies and to centralize decision-making processes and authority.
Legal