GMM Trinidad and Tobago Pestel
Trinidad and Tobago
The Republic of Trinidad and Tobago occupies the southern part of the Caribbean and consists of two islands: Trinidad and Tobago. The country has a population of around 1.3 million. During the 15th century the islands have been a Spanish colony. During the same century Tobago has been formed of not only Spanish, but British, Dutch and French colonies as well. Since 1962 the country is independent and became a republic fourteen years later in 1976. The republic is sharing its borders with Venezuela, Guyana and Barbados.
In order for an organization or even country itself to be successful it should know more of the internal and external environment. Strategies need to be implemented so that they could influence the factors internally/externally that an organization or country is facing. Macro environment factors are part of the external environment.
In our case we would make an analysis of the macro environment factors for Trinidad and Tobago through the usage of PESTEL model. PESTEL analysis is a useful tool for interpreting the macro factors that cannot be controlled by an organization such as: Political (factors tied with the government), Economical (national and global economy), Social (forces within a society) and Technological (technological advances).
PESTEL Analysis
Political factors:
The Republic of Trinidad and Tobago has a two-party system where the head of the state is The President and the head of the government is The Prime Minister. The politics also includes a bicameral parliamentary system. The two chambers are Senate and House of Representatives. The Republic is one of the leading members of the Caribbean Community (CARICOM). Recently the government has included a legislation of a property tax in order to protect holders from unlawful tenants. This property tax is now made as evidence of rights and ownership. The body which regulates the different industries within Trinidad and Tobago is TT Securities and
The Republic of Trinidad and Tobago occupies the southern part of the Caribbean and consists of two islands: Trinidad and Tobago. The country has a population of around 1.3 million. During the 15th century the islands have been a Spanish colony. During the same century Tobago has been formed of not only Spanish, but British, Dutch and French colonies as well. Since 1962 the country is independent and became a republic fourteen years later in 1976. The republic is sharing its borders with Venezuela, Guyana and Barbados.
In order for an organization or even country itself to be successful it should know more of the internal and external environment. Strategies need to be implemented so that they could influence the factors internally/externally that an organization or country is facing. Macro environment factors are part of the external environment.
In our case we would make an analysis of the macro environment factors for Trinidad and Tobago through the usage of PESTEL model. PESTEL analysis is a useful tool for interpreting the macro factors that cannot be controlled by an organization such as: Political (factors tied with the government), Economical (national and global economy), Social (forces within a society) and Technological (technological advances).
PESTEL Analysis
Political factors:
The Republic of Trinidad and Tobago has a two-party system where the head of the state is The President and the head of the government is The Prime Minister. The politics also includes a bicameral parliamentary system. The two chambers are Senate and House of Representatives. The Republic is one of the leading members of the Caribbean Community (CARICOM). Recently the government has included a legislation of a property tax in order to protect holders from unlawful tenants. This property tax is now made as evidence of rights and ownership. The body which regulates the different industries within Trinidad and Tobago is TT Securities and
References: http://www.allfreepapers.com/print/PEST-Analysis-Trinidad-Tobago/3439.html