ENVIRONMENTAL ANALYSIS

Environmental Analysis of Facility Management

Environmental Analysis of Facility Management

Introduction

As we all well aware of the fact that, the main purpose of operating or conducting a business is to earn a profit and to run the business in a lucrative way. In order to fulfil this main ambition of the business, managers totally and completely rely on the strategies that they devise. Strategies provide direction to the business. In order to formulate strategies it is imperative for organizations to perform the analysis of environment. This analysis of environment causes its impact on the strategies. The aim of this paper is to conduct the environment analysis of facility management industry and its impact on availability of facility management.

Facility Management Industry

The industry of facility management is considered as part of support services, housing, cleaning, property and planning. From the year 1998, the number of employees working in this field is increasing. Today, the workforce of facility management constitutes around 3% of the total workforce of United Kingdom. The services that facility management provides are of a broader range. The services that facility management provides can be categorized as hard services and soft services. Hard services include protection of the environment, property and estate management, maintenance of buildings and management of energy. Soft services include care of customers, cleaning, reception and security. This is a flourishing industry but there are variegated factors that impede the development of this field. There is a lack of understanding about roles and responsibilities about the job also; there is a lack of awareness about the required education and qualification. As the years are passing there are changes taking place and the route to enter in this field is being defined (Evans 2008, 14).

Situational Analysis

The following part of the paper discusses the situational analysis of the Global Hyatt Corporation.

External Analysis

An external analysis is to identify and evaluate trends and events that happen in a business environment that are beyond their control and that could benefit or harm significantly. The reason for doing an external analysis is to identify opportunities and threats, so as to formulate strategies to exploit opportunities and strategies to avoid threats or at least reduce its consequences (Evans 2008, 21).

PEST Analysis

The PEST is an acronym for the factors, political, economic, social and technological. The PEST analysis is used for business and strategic planning, marketing planning, development activities, products and research (Michael 1980, 86).

Political Factors

Overall, political situation is not a significant trend of the facility management industry. Despite being an important sector to provide better services to citizens, facility management has remained depoliticized. However, there are scores of factors that can cause its impact on the development of facility management industry. The first factor is related to financial aids. As the scope of profitability is very low in this industry so to promote and implement various projects facility management needs funds. Government can play its role in the development of facility management field by providing financial aid to this ...