The main issue that has been discussed in the article is relevantly associated with the rising demand of energy in the world. Furthermore, the demand of fuel is mainly estimated to rise around 20% in the next 20 years which could directly affect the energy providing companies. Moreover, can increase in the consumption of energy worldwide is expected to rise by 40% in 2035. These all relevant data mainly indicate that a demand for energy is going to rise in future, where energy producers need to adopt adequate measures for finding new sources of Oil and Gas energy. Furthermore, the relevant issues that are discussed in the article states that growing demand, Geopolitical pressure, and challenging resource landscape is directly increasing the barriers in continuous production of Oil and Gas energy. Therefore, energy producing organisations are directly investing in multi-billion dollar projects, which could directly allow them to find relevant oil and gas deposits to support future energy demands.
The evaluation of the article mainly helps in identifying the overall demand for energy, which could directly increase by around 45% in 2035. this is relevant increment and demand for energy is mainly due to the rising population and progress that has been seen in Asian countries. The demand of energy from China and India has drastically increased over the period of 10 years, where standard of living of citizens has increased. This overall increment in demand for energy has pushed the energy providing companies to improve their current production system. The Geopolitical pressure is mainly conducted by countries, where sustainable energy methods are being used to reduce the negative impact on environment. Furthermore, the new technology has allowed oil and gas companies to find natural resources more accurately, while the extraction process is still being developed. The overall global energy landscape has been changing for sometimes, where renewable energies are in focus for different energy companies.
The growing demand of energy is mainly fuelled by rising population in Asian countries where around 25% increment in population is estimated in next 20 years. Furthermore, it is estimated that relevant energy demand would only be rising in emerging economy such as India and China, where industrialisation is relatively increasing that directly boosts the demand for energy (Glassley 2014). Moreover, demand for energy in China is mainly expected to increase by 75% in 2035, as living standard of the citizens would drastically increase.
There are relevant better approaches to deal with the supply of energy source, which could directly allow energy companies to increase their energy output. The renewable sources such as hydroelectricity, wind electricity, and oceanic electricity could be advantages for the energy producing companies. The use of hydroelectricity would eventually allow energy companies to generate consistent energy to support the rising demand of the population. Furthermore, the use of wind electricity and oceanic electricity also adequate, where organisations could maintain a steady amount of energy output generated from these location. The use of wind electricity and oceanic electricity is more prominent for the organisation, where companies could adequately invest and generate a relevant study rate of energy. The investments in the renewable energy sector could eventually allow the energy providing companies to increase the capacity in your future and maintain the level of productivity. This could eventually help in supporting the relevant demand in future. Nelson (2013) mentioned that relevant use of renewal energy could eventually allow the organisation to generate the required level of energy to support the requirements of energy usage.
Furthermore, new and innovative measures need to be used by the energy producing companies, where unlimited energy resources could be utilised adequately. In addition, increased Energy Efficiency measures could also be used by energy producing companies, where it could help in reducing the over expenditure on energy. This could eventually help in improving energy efficiency of the energy producing plant, where relevant energy could be seen. Moreover, the use of energy efficient equipments could also help in reducing the demand for energy and support the energy producing companies. Omri et al. (2015) stated that the use of CFL and Fluorescent lamp could eventually allow consumption of electricity to decline in developing countries, as the consumption of energy would decline with the use of increased Energy Efficiency equipment.
The energy producing companies could have also use adequate storing and transferring equipments, which could help in reducing the transit loss of energy. this major could eventually allow the companies to reduce the energy wastage and help in supporting the rising demand of energy. Long et al. (2015) argued that wireless transfer of energy is one of the technologies that are being used in the current years, which could only be used for small ranges. The use of recommended strategies for increasing the energy output could eventually help companies such as Chevron to support the rising consumer demand.
There are relevantly four components of PEST analysis, which could directly help in analysing the overall external environment of the organisation. The Pest analysis mainly consists of Political, Economic, Social, and Technological, which could be evaluated to understand the impact of external factors (Gupta 2013). Relevant elaboration on the components of PEST analysis is conducted as follows.
Political factors mainly consist of different government regulations that are imposed on a specific country. These political factors directly help the organisation to understand the impact of external environment, which could be conducted on its revenue generation capacity. The relevant impact of government regulations can be seen on cost and tax that is paid by the organisation (Barbara et al. 2017).
The overall economic factor mainly states the exchange rate, economic growth, inflation rate, and interest rate of the country. These identified economic factors mainly influence the financial performance of an organisation. In addition, the economic factors directly allow the organisation to accumulate relevant capital to increase its expansion process or directly reduce profitability by increasing the rate of interest (Feng and Chunxiong 2017).
The cultural aspect, age distribution, population growth rate, and safety measures are mainly identified, as the social factors that regulate operations of the organisation. Social factors mainly state overall quality requirements of the products produced by the organisation.
The technological factors directly involved advanced means of technological activities that is conducted by the organisation. The use of high-end technology could directly allow the organisation to increases productivity and profitability (Zhiguo and Li 2014).
The relevant Hypermarket is directly affected by the PEST analysis, which states different factors that influence organisations in Malaysia. However, there is no political problem in Malaysia as the ruling party has been there for 25 years, which directly nullifies threat from political change. In addition, Malaysia is also considered as one of the least corrupted countries around the world and ranks 47th among 180 participants. Therefore, it could be understood that no negative impact from political factors could contribute to the Hypermarket. The overall economic factors of Malaysia are considered to be vibrant, where the economy in last 10 years had an average growth of 7% per year. In addition, retailers such as IKEA, Tesco and Carrefour freely operate in Malaysian economy, which depicts the overall economic strength of the country. Furthermore, the overall exports mainly consist of 37% of the Malaysian GDP, which directly increases the purchasing power of the consumer. Therefore, there is no immediate right from the economic condition of Malaysia to the Hypermarket. Ab Talib et al. (2014) argued that economic condition of a country could drastically deplete during an economic crisis, which was what is during the 2007 financial crisis.
The current social analysis of Malaysia mainly detects a mixed population race, which consists of Chinese, Indian, and Malay. This mix in culture mainly boosts the overall social factors and allows the Hypermarket to relevantly provide adequate services to the customer. This difference culture mainly indicates that the overall Hypermarket needs to comply with all the products and business practices that suit the needs of the population. Rasnan et al. (2016) stated that evaluation of a social factors mainly allow organisations to identify the relevant business practices that needs to be conducted in the country. Malaysia is considered to be one of the reading ICT developed countries, which indicates that the technological advancements used in the country are relatively high. This could directly allow the Hypermarket to attract customers more adequately with the help of online measures and techniques.
The overall difference between monopolistic and monopoly is depicted as follows.
Malaysia is considered to be one of the economically stable countries, which host different organisations all around the world. There are many International companies in Malaysia that established their foothold in the market. This is mainly given rise to monopolistic competition in the Malaysian market, which allows the consumer to get high quality products at reasonable prices. In addition, due to the impact of monopolistic competition companies in Malaysia are not able to manipulate prices and cheat the common people. Nikaido (2015) mentioned that the monopolistic competition allows consumers to get the real value from the product, as it provides both quality and price reliability.
There is any relevant monopolistic competition in both real estate industry, Hypermarket industry, and telecommunication industry. However, Malaysia still holds some monopoly products, which are sold by only one company in the country. This division of the overall monopolistic market and Monopoly has boosted the economy of Malaysia and provided high quality products and services to its people. The monopolistic competition in Malaysian market mainly includes goodies, discount, freebies and other facilities that is provided to the consumer. This overall monopolistic competition mainly helps in improving the services and goods provided to the Malaysian people. In this context, Nocco et al. (2014) argued that monopolistic competition mainly/ reduces capability of the organisation to generate higher revenue from Investments.
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