BP Strategic Management and Sustainability

Strategic Management
and Sustainability

Table of Contents
INTRODUCTION...........................................................................................................................1
Overview................................................................................................................................1
MAIN BODY...................................................................................................................................1
Critical Analysis of Industry as well as The Sector...............................................................2
Competitive Environment of British Petroleum.....................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Strategic management is undertaken as the continuous procedure regarding the effective
analysis, planning, monitoring and assessing the needs of company in terms of meeting and
achieving their suitable goals and objectives. Prominent changes in business and its environment
will need organisations to pervasively modify their strategies for maintaining overall growth.
Sustainable strategic management means making proper efforts and taking initiatives for the
further improvement of social and environmental impacts of human activities (De Stefano,
Bagdadli and Camuffo, 2018). For this report, British Petroleum is considered which is the
largest energy organisation across the world, established in 1909 and headquarter in
Westminster, London, UK. The report leads to cover the critical analysis of oil production sector
and also the suitable analysis of competitive environment of British Petroleum in regard of
studying their competitive status within the sector.
Overview
It has been analysed that in 2021, the petrol stations were paused after the worldwide
shortage of supplies for the heavy vehicles. For this, British Petroleum apologised for the present
condition for the shortage of fuel supply in their shops within UK. They further explain that
some of their supply sites are temporarily closed because of the shortage of crude oil and diesel
suppliers. It was also examined that this situation occurs after meeting among the government
and executives from the big organisations regarding the Britain’s supply chain issues.
Further, they also added a statement by Downing street claimed that there is not the shortage
of fuels. It leads to put more political pressure regarding the growing demand to take further
actions in regard of ease shortage for the supply chain and labour during the Brexit and
pandemic. The organisations are planning to create visa schemes or outsourcing things to attract
workers on farms, road haulage firms and industries. Despite from this, the overall situation is
being threatened by Rod McKenzie of Road Haulage Association, which was accused by the
ministers by dramatic opposition regarding the start of visa schemes to attract pool of candidates.
MAIN BODY
The sustainability regarding the strategic management process is useful for company to
accumulate the facts and figures regarding the prevailing scenarios, plan and formulate them,
apply and examine its overall impact on the management strategies. For this, both internal and
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