British Petroleum Company | Introduction

Running head: MANAGEMENT
Management
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Author’s Note

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Table of Contents
Introduction....................................................................................................................2
Discussion......................................................................................................................3
PESTLE Analysis.......................................................................................................7
SWOT Analysis.........................................................................................................9
Conclusion....................................................................................................................10
Reference......................................................................................................................11

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Introduction
British Petroleum is a company that sells gas and petrol in 80 countries worldwide.
There are seven largest sellers of oil and gas throughout the world. British Petroleum is one
of those companies. British Petroleum is one of the seven supermajor companies in the world
in terms of oil and gas. In the year 2012, British Petroleum achieved the sixth spot on the list
of largest companies in terms of oil and gas. Again, British Petroleum had also achieved the
12th spot as the largest revenue turnover of the company. British Petroleum produces all
levels of products in terms of oil and gas. It has several types of sectors in its company like an
exploration of new oil and gas reserves, production of energy with the use of oil and gas,
refining of the oil and gas to increase their value and distributing the oil and gas throughout
the world. Also, the marketing of the products produced by the company, production of
certain petrochemical products used in daily life, generating power with the use of the oil and
gas and also other types of trading activities are carried out by British Petroleum. British
Petroleum also promotes the use of renewable energy resources. British Petroleum has certain
biofuel production plants, windmills, solar power generation plants and has plants that use
smart grid technology for power production and efficiency. The aim of the study is to
understand the importance of business culture and the surrounding environment of British
Petroleum on changing the organizational behavior of the company. The study will describe
two types of environments that are business-related. These two types of business
environments include economic and non-economic environments. The economic
environment is made up of the economic system of the country in which British petroleum is
operating in, the economic policies of that country, the economic condition the country,
British petroleum as well as the industry is going through. On the other hand, the non-
economic factors that influence the organizational behavior of British petroleum are the
natural factors of the region in which British petroleum is operating in, the demography of

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that region, the technology that is used for the production and other processes of British
petroleum, the legal terms that British petroleum has to abide by for operating in the region.
Also, the political and social factors are included in the non-economic factors that change the
organizational behavior of British petroleum.
Discussion
Organizational behavior is the behavior of the people in an organization to factor or
policies or changes that affect the whole company (Lee et al. 2019). There are several
economic factors that change the organizational behavior of the employees of British
petroleum. The first economic factor that affects the organizational behavior of the
employees of British petroleum is the economic system of the country (Gelfand et al. 2017).
There are three types of economic systems in the world that can affect the organizational
behavior of British petroleum. Capitalism is a type of economic system which takes two
factors into respect that is the level of production in the company and the economy of the
country in which British petroleum is operating in (Borkowski 2016). There is a type of
capitalism that is known as corporate capitalism. In the case of corporate capitalism, the
country is more oriented toward generating money and increasing production in the country.
So, in this case, the employees and the management of British petroleum will be more
inclined towards increasing production and increasing the turnover of the company
(Peltokorpi, Allen and Froese 2017). There is another type of economic system that is
followed in many countries which are known as a mixed economy. In a mixed economy, the
companies of the country are mostly owned by a mixture of the government of the country
and by individual private. In countries with a mixed economy and British petroleum is
operating in that country the management of the company will be a bit more people-oriented.
Here, British petroleum will look for giving more benefits to the employees of the company
but along with that, the company will also look for increasing production and also increase