Ups Pest Analysis Paper

An entrepreneur is a self-employed individual that starts up a business with his or her own capital. An entrepreneur is regularly observed as a business pioneer and trendsetter of new thoughts and business processes. In crisis, entrepreneurs have nothing to rely on other than what they process. Entrepreneurs set their own standards for embarking on an idea. They build every aspect of the business and its support systems. Entrepreneurs generally expect all dangers required with the creation and improvement of a thought including all financial risks, where they are significantly roused to advance their thoughts and will as often as possible contact different organizations inside a market to convey those thoughts to fulfillment (Autio, 2015).

After completing the PEST analysis, it is clear that two main factors that constantly change are technology innovations and regulatory policies in the industry. There are three main entrepreneurial opportunities that UPS should focus on: providing customers with more flexible delivery services, upgrading technology systems to provide more accurate tracking capabilities and technological breakthrough. There are numerous ways the package delivery service company could promote to address these issues, some transformative, others more progressive. In this paper, I will examine those three key areas UPS needs to concentrate on and seek future opportunities for the company (UPS, 2016).
There are approximately 7500 small and large companies within the package and courier delivery service industry that has a consolidated annual income of about $90 billion. Over recent years, the courier industry has developed tremendously and UPS is a major contributor to the industry growth. The company is the largest supporter to the US Gross Domestic Product (GDP) and contributed approximately $50 billion in revenue to the US economy in 2016. Currently, the company governs twenty percent (20%) of the packaging services worldwide (UPS,

This is mainly for companies like UPS that receives a high volume of large shipments. UPS vehicles are equipped with GPS tracking systems. Therefore, customers are able to track packages or get an update of their package(s) during in-transit status at any given time of the day because UPS consolidate their tracking information with apps like Google traffic data. The package and courier industry is one of the very few industries that have the ability to profit from these