External analysis for Ameresco Inc. (AMRC) Research Paper

External analysis for Ameresco Inc. (AMRC) - Research Paper Exampleheless, increased participation in the faculty services industry has yielded increased competition between companies in the industry amid challenges presented by the external environment. The external environment has significant influence on the feat of companies through economic, technological, political-legal, and sociocultural factors. To sufficiently understand the influences of the external environment it is important to concentrate on a specific player in the industry such as Ameresco Inc. which is one of the largest energy services companies in North America.Although the economy cannot be controlled by an organization, it has great influence on the growth and development of a particular organization. This can be attributed to the impacts of economic growth, pompousness, economic stability, and unemployment policies on the success of an organization (Dragnic, 2014). Amerescos location in North America gives it an advantage of comparatively little negative influence of the economy. For example, its location in the USA is favorable to its success due the constant economic stability and growth presenting an opportunity for success. Additionally, inflation rates are relatively low thereby increasing its chances of success. However, areas with high unemployment rates offer relatively cheap delve hence increasing gain margins and vice versa. As such, the cost of labor incurred b Ameresco is relatively high although the changing times may present costs reductions based on labor importation trends. Technology plays a critical role in the development of the energy savings industry. Technological advancements mainly focus on improving efficiency of energy consumption while maintaining low costs and conserving the environment. As such, the recent technological advancements pose a great opportunity for Amerescos success.Moreover, the political face heavily affects the performance of a particul ar industry depending on either favorable or unfavorable