The Application of Pestle Theory to the Role of Chairman (Chief Executive Officer) in a New Business in Gurgoan, India
Publication Date: 15/12/2019
Author(s): Danjuma Naisla Hassan, Habakkuk Aboki, Amos Anyesha Audu.
Volume/Issue: Volume 2 , Issue 1 (2019)
Abstract:
The idea of entrepreneurship has help to develop skills, knowledge and confidence in people to implement business in life. In this research work, the chairman roles were clearly explained in relation to a theoretical framework. PESTLE analysis was used as a framework that underpins the performance of the chairman in the business. The chairman study situations in India, the society where the business has been sited. Such as the employment law, that states employees are not allowed to work for more than 48 hours in a week and 9 hours in a day. The minimum wage is 115 India rupees per day with effect from 2011. The mode of tax payment to the authority was also essential for the business. The economic indicators in India, such as the GDP growth rate was 6.1%, interest rate was 8% bench mark and inflation rate was 9.5%. All these factors help firms to plan a successful business start-up. The chairman also plays some very essential roles within the company; this has been shown in the findings. The researcher recommends that: Government should provide an enable environment for entrepreneurship business sustainability. Government should ensure that infrastructures are provided for the business environment. Availability of firms in a society increase employment level and this would also boost GDP growth rate of the nation. Regular workshops and seminars should be organising for the employees to improve services. This is essential to the chairman role; it is good for the health of the business.
