The analysis utilized to measure the position of company in the market is done by utilizing PESTLE analysis, given up Display A. Seitel Inc works under the guidelines and regulations directed by federal government and food authority. The business is more focused on its products and services to ensure about the item quality and security. This analysis will help in understanding environment of external market in the global food and beverage markets. (Parera, 2017).
Political.
The political impact on the company is greatly affected by the public law and guidelines. The business has to satisfy its requirements offered by federal government otherwise it needs to pay fine. Seitel Inc is considerably supported by Government to fulfill all the requirements of standards like acts of health and safety. In efforts to produce good food, Seitel Inc is changing the standards of food and drink manufacturing. This may cause the infraction of governmental guidelines and regulations.
Economic.
Initiation of the business where the capital earnings of each private matters for the increased net sale as this differs country-to-country. The economy of the Seitel Inc Business in U.S. is growing year by year with variable products launch specifically focusing on the dietary food for babies.
Social.
The social environment keeps changing with respect to time like the mindset of the customer along with their way of lives. Any services or product of any business can not achieve success till the business is not worried about the living system of the consumer. Seitel Inc is taking steps to fulfill its goals as the world remains in search of healthy and yummy food.
Technological.
In the advancement of organisation, strategic steps are rather necessary. Seitel Inc is one of the top well-known multinational firm and by time it buys various departments to take its products to brand-new level. Seitel Inc is spending more on its R&D to make its items much healthier and nutritious offering consumers with health benefits.
Legal.
There is no such impact of legal factors of Seitel Inc as it is more worried over its laws and policies.
Environmental.
Seitel Inc, in regards to environmental effect is devoted to operate in environment-friendly environment with preservation of the natural resources and energy. As due to the manufacturing of larger variety of items there might be a risk if the resources utilized are recyclable or not.
Exhibit A: PESTEL Analysis
