The analysis used to measure the position of company in the market is done by using PESTLE analysis, given in Exhibition A. Verizon Communications Inc Implementing A Human Resources Balanced Scorecard works under the guidelines and guidelines directed by government and food authority. The company is more focused on its services and products to ensure about the item quality and safety. This analysis will help in comprehending environment of external market in the global food and drink industries. (Parera, 2017).
Political.
The political impact on the company is significantly influenced by the government laws and regulations. The business has to satisfy its requirements provided by government otherwise it needs to pay fine. Verizon Communications Inc Implementing A Human Resources Balanced Scorecard is greatly supported by Federal government to fulfill all the requirements of requirements like acts of health and wellness. In efforts to produce excellent food, Verizon Communications Inc Implementing A Human Resources Balanced Scorecard is altering the standards of food and drink production. This may trigger the offense of governmental guidelines and regulations.
Economic.
Initiation of business where the capital earnings of each private matters for the increased net sale as this varies country-to-country. The economy of the Verizon Communications Inc Implementing A Human Resources Balanced Scorecard Business in U.S. is growing year by year with variable items launch especially concentrating on the dietary food for babies.
Social.
The social environment continues altering with respect to time like the attitude of the customer along with their way of lives. Any service or product of any business can not succeed until the company is not concerned about the living system of the consumer. Verizon Communications Inc Implementing A Human Resources Balanced Scorecard is taking steps to satisfy its objectives as the world is in search of healthy and yummy food.
Technological.
In the development of company, strategic steps are somewhat necessary. Verizon Communications Inc Implementing A Human Resources Balanced Scorecard is one of the leading well-known multinational firm and by time it buys various departments to take its products to brand-new level. Verizon Communications Inc Implementing A Human Resources Balanced Scorecard is spending more on its R&D to make its items much healthier and healthy offering consumers with health advantages.
Legal.
There is no such effect of legal factors of Verizon Communications Inc Implementing A Human Resources Balanced Scorecard as it is more worried over its laws and guidelines.
Environmental.
Verizon Communications Inc Implementing A Human Resources Balanced Scorecard, in regards to ecological effect is devoted to operate in environment-friendly environment with preservation of the natural resources and energy. As due to the production of larger variety of items there might be a risk if the resources utilized are recyclable or not.
Exhibit A: PESTEL Analysis
