Potential of Stobart Group Assignment Example | Topics and Well Written Essays - 1500 words - 1

Potential of Stobart Group - Assignment Example The founder of the company Mr Eddie Stobart recently passed away in 2011.Currently, Eddie Stobart operates in forty sites that are well distributed across Europe and it employs over 5,300 people.It has more than 2000 tractors and more than 6000 million square feet for the purpose of warehousing. The business empire is divided into Stobart Ports, Rail divisions and Stobart Air. Stobart is one of the most respected enterprises in the transport and warehousing industry. To attain a positive macro business economic business environment, the Company responds to any challenges that crop up and works day and night to meet the ever-changing business environment. Stobart employs an innovative approach to projects besides having a highly skilled and motivated workforce which make it possible for it to compete for some of the most complex projects smoothly. Amidst the broad economic climate, moving forward looks uncertain but the Board of governors insists that Stobart has the right strategy and people who show the resilience that is needed for prosperity even in tough economic hardships. Stobart aims at becoming UK’s leading provider of multimodal solutions. The company works under a conducive environment in within the UK and other European countries, after the establishment of the European Union, the business has continued to flourish due to relaxed rules in the cross-border trade and movement. Other factors that have enabled is growth is the use of one currency, government cooperation in establishment and completion of a number of projects and fair competition in the market. For example in 2010, the government approved the London Southend Airport plans after the company had presented the plan to the government.When a company gets adequate support from the government and the industry it is involved in, it is likely to grow and flourish. The biogas production has branded Stobart as an environmentally conscious company this has achieved it public approval compared to their companies in the industry (Paladino, 2007).