British Petroleum Strategic Management and Sustainability Assessment 2

Strategic Management
and Sustainability-
Assessment 2

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Key business strategies of British Petroleum.......................................................................3
Resources and capabilities of British Petroleum..................................................................7
Implementation of environment sustainability science: BP................................................10
CONCLUSION.............................................................................................................................12
REFERENCES............................................................................................................................13

INTRODUCTION
Sustainable strategic management is an inclusive of formulating, analysing and
implementing business strategies that are socially responsible, competitive and takes care of
economic growth as a whole. With impact of Brexit there was a significant impact caused to
economy of UK in which various small as well as large business enterprise were being
impacted. Furthermore, upcoming of COVID-19 pandemic, economy of several regions of the
world showed a drastic changes in terms of operations (Leins, 2020). The given report
document will explore sustainable business practices through implementation of strategic
management considering pressure changes dealt within UK Haulage industry. In the said
document implication of strategic models, theories and concepts will be evaluated within case
study organisation i.e. British Petroleum. Said company is a British multinational oil and gas
company which is being headquartered in London, England. The given company operates
under oil and gas industry which was founded by William Knox D'Arcy and Charles Greenway in
1909 (Rivera-González, Bolonio and Valencia-Chapi, 2019).
MAIN BODY
Key business strategies of British Petroleum
Every business has some strategies in order to achieve its goals. These strategies are
both qualitative and quantitative. These strategies are designed keeping in mind consumer
behaviour and the changing patterns of industries. As mentioned in BP P.L.C. website, (2021),
company managers are building on purpose with believes of future of energy system and
changing consumer needs or demands. The strategy of said firm focuses on three sources to
amplify value that includes; mobility and convenience, resilient and focused hydrocarbons and
low carbon electricity and energy. For the basis of strategy; innovation and digital, integrating
energy system and partnering with industries, countries and cities (BP PLC., 2021).