Business organization and environments in a global context
The company has presently been awarded the logistics contract on the offshore supply base. The deal involved a multinational oil company where the project is implemented on the coast of Mexico. Mexico is a market economy that is emerging since they have a moderate and steady annual growth rate. The country cannot be considered as a developed country yet because it does not have a high proportion of gross domestic rates. The human development index is lower compared to developed countries. The launching of the new floating dock was crucial in expanding the ability of the company to provide the repair for the boats and barges, maintenance, upgrades, and essential labor services to the companies that deal with maritime and oil both locally and globally.
The initiation of the company has led to the creation of job opportunities were the local people are the primary suppliers of human labor. The building and the designing of the floating dry dock were done by the skilled workforce of the Chet Morrison Contractors who were part of local community members which, indicates that the company has a high ability to construct large skill projects from the initiation stage to the completion stage (CMC, 2009). The floating dry docks are the most massive project that was built by the local workforce in Mexico which, is a significant part historical milestone for the maritime industry in Mexico. The construction of the floating dry dock was not only crucial for the company, but instead, it was also beneficial to the local community in which, new jobs were generated both directly and indirectly for people leaving in Alvarado.
Morrison suggests that paying attention to these critical aspects can assist the management team of the company in making effective decisions and the company will be able to come up with innovative and fundamental strategies to stay ahead of the competitors (Morrison, 2009). All the essential dimensions of the business environment including the technological environment, economic environment, cultural environment, legal and political environment have a significant impact on the decision-making process of a company that is already operating or is seeking the new market in Mexico. The Business Environment of Chet Morrison Contractors Company Chet Morrison Contractors company is one of the most successful companies in Mexico. The business environment has a significant impact on the success of the company. Mexico economy market is still evolving in the global market, resource flow and trade context.
This trade opportunity enables Chet Morrison Contractors to work with other business across the world which, ensure the expansion of the company. NAFTA consists of only three countries which, are Mexico, the United States, and Canada. The decision of Mexico to Join NAFTA was vital because the import of good and service has increased efficiency. The Chet Morrison Contractors company can export their services and products in the United States, and they can work with other Morrison branches in the United States without any barriers. Mexico contains a lot of natural resources, cheap labor, and skilled workforce. The company should be able to operate freely in a conducive environment. The rapid changes in the community contribute to a negative impact on the community.
The high rate of crime and theft in Mexico is a significant threat to the business. The high degree of crime rates and theft is as a result of drugs cartel which operates in a specific timeframe. In the past few years, violence in Mexico has been increasing rapidly (Ahonen, 2016). The service sectors suffer from more limitations and high cost for importing services. The easy importation of goods and services requires registration and licenses, and this cannot be possible if there is no bureaucracy. In most cases, the customs in Mexico are not transparent, but instead, they are involved. The country has their regulations when it comes to importation of goods in which, the control demand new testing of products when they reach the state even if the test was already conducted in the country of origin.
This procedure in most of the time is time consuming (Ahonen, 2016). The existing corruption in Mexico affects the efficiency of the Chet Morrison Contractors, and in multiple cases, it may develop threats and uncertainty while conducting business. Crime has a significant impact in numerous aspects such as, economic, political and social environment which, may destroy, money, freedom and human lives. The Technological Environment The success of the Chet Morrison constructors is as a result of the application of advanced technology both in the production and implementation of various projects. As a result of this technology, Chet Morrison Constructors is considered as the most innovative and efficient company in the marine arena. The technological aspect is critical in determining the input and the output of the company and the conducive environment that influences technology is necessary for the operation of the company.
These factors influence how companies operate. The Chet Morrison Contractors had to adjust the strategies of the company to align with the demands of the political environment. in most cases, the political leaders are responsible in regulating the taxes that affect how the company operates. Mexico is known as a Presidential Federal republic which, has three levels of government comprises of the federal union and state and municipal government. Even though their safety and social issues in Mexico, the political situation in the country not stable. The Chet Morrison Contractors have an impact in the economy of Mexico where it creates employment opportunities and boosts the economy of the country. The company assesses the environmental impact and ensure their project impacts society, people and the natural environment.
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