External Analysis on Noble Energy INC Case Study

External Analysis on Noble Energy INC - Case Study Example An organization is directly impacted by the occurrences of the external environment in which the organization functions. Moreover, the external environment provides the impetus and paradigm that shapes the function of a company. A number of reports and observation of the eminent scholars reflected that organization having the ability to adjust itself to the exterior environment, essentially survives in the marketplace. On the contrary, companies that fail to match up with the external requirements get eliminated from the competition and the industry. Therefore, from the above discussion it is obvious that a company should carry out in-depth analysis of the external business environment to enhance the chances of prospering. Proper analysis will not only help in better understanding and formulating appropriate strategies, but will also ensure improved productivity and better performance of the company (Williams and Cutis 4-8). This study will analyze the external business environment o f Noble Energy INC, which is a US based company involved in manufacturing and distribution of petroleum and natural gas. The external analysis of the company will encompass an overview of the general environment. Demographic segment, economic segment, political/legal segment, socio-cultural segment, technological segment as well as the global segment will be highlighted. In addition to the analysis of the external business environment, the study will also shed light on the industry driving forces. The next half of the study will carry out the activities mentioned above. However, before getting further deep into the study, a brief overview of the company is presented below: - Noble Energy INC: A Brief Overview Noble Energy, Inc. also known as Noble Affiliates Inc. is a Houston based oil and natural gas production and exploration Company. The company was founded in the year 1932 and is currently headquartered in Houston, Texas, United States. During the year 1985, the Noble Affiliates spun off the subsidiary Noble Drilling Corporation to the shareholders. This company in turn went public in the early 1990s. From then Noble Energy, Inc. became one of the major brands of as Noble Affiliates and customers started to recognize this company in the name of Noble Energy Inc. It is now an S&P 500 company of the world. During this span of 80 years in the market, the company has been able to achieve colossal success and added several feathers to its cap. Noble Energy is also the first company to have explored the Gulf of Mexico for the purpose of oil exploration. Moreover, it enjoyed so much power during a phase that it helped in shaping the industry as well as shaped its own future. Charles D. Davidson is the current chairman of the company and also acts as the CEO and president of the firm. As per the views of the stakeholders and customers, the company is best known for the proficiency in exploration, flexibility, innovation and technical expertise. Furthermore, the st rong financial platform and a well balanced portfolio offer prospering opportunities across the commodity price and economic cycles. Apart from USA, the company operates in several other parts of the world as well. For example, in South America it operates in Nicaragua and Argentina; in Africa, it functions in Cameroon and