Saturday, December 21, 2019

Internal And External Environments Of Trinidad And Tobago...

1. Introduction Johnson, Wittington, Scholes, Angwin and Regnà ©r (2014, p. 3) defines strategy as ‘the long-term direction of an organisation’. The aim of this paper is to critically analyse the internal and external environments of Trinidad and Tobago Electricity Commission (TTEC), by examining different strategic options and select the best suited to the organisation long-term strategy. This will be accomplished by an evaluation of SWOT analyses, PESTEL framework and the Ansoff Matrix, offering why the option selected is the best fit option. 1.1 Background Trinidad and Tobago Electricity Commission (TTEC) is state owned and regulated and is by law, the sole retailer of electric power in the twin island Republic which was formed in 1946 after the merger of independent companies with well over 3000 employees. The company is responsible for the design, construction, operation and maintenance of the country s electrical transmission and distribution network. The utility supplies electric power to customers on both islands via a single interconnected grid. TTEC purchases the bulk electric power from independent generation companies for resale, and is also responsible for securing fuel supplies for the generation companies. (Trinidad and Tobago Electricity Commission, n.d.) 2. Mission, vision, values and strategic objectives 2.1 TTEC’s mission Mission is the prime goal of an organisation to achieve the end results. (Benowitz, 2001). TTECs mission is to provide a safe,Show MoreRelatedhow globalization and environmental sustainability influence strategic management14776 Words   |  60 Pagesof the twentieth century. This chapter presents some of the major changes in environmental management and sustainability in the region associated with globalization, recognizing that the main channels through which globalization affects the environment are shifts in trade, investment and technology flows. 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