Question

1. Explain what is an environmental analysis of a security company.

2. explain what is social factors of a security company

3. Explain what is technology factors for security companies

4. Explain what is a Political Factor for a security company.

Answer 1

Answer 1= The environmental analysis of the security company will incorporate the different types of environmental laws and norms which are formulated by the government The company must adhere to every law that has been framed to protect the environment. The different elements of environmental analysis of a security company will include the following=

Laws related to climate change, pollution

Air and water pollution related framework

Recycling process to be used

Use of renewable energy

Answer 2= The social factors of a security company will include the culture, customs, and norms that are to be followed in the society or country where the company is operating. If the company does not make its plans and policies matching to the society, then it will not be accepted by the members of that society. Social factors of a security company will include=

Cultural, social norms of the citizens,

Demographic, Class structure, the hierarchy of the society

The entrepreneurial attitude of the country

Answer 3=technology factors for security companies will include the type of technology that is permitted by the government to be used in that country, the level of technological advancement, and the availability of various technologies. This will influence the overall business in a great deal as the latest and sophisticated technology will help the company to have an efficient and productive operation.

Answer 4=Political Factor for a security company will have a greater impact on the overall profitability of the company. It will include the government policies, different types of laws and regulations, level of corruption and transparency in policy-making, political stability, Trade regulations & tariffs and so on