Business Environment and Strategic Management

Business Environment and Strategic Management
TASK LO 1& LO 2

INTRODUCTION
• Strategic planning is a process and planning of all which is important for the company in order to
achieve its determined goals.
• Business environment refers and consist all the internal and external factors that impact and
influence business activities and process of the company.
• Victoria gas and oil company is a domestic energy supplier in Africa.
• In 2004, Kevin founded this company and was responsible for refocus of the company towards
natural gas in Africa.

1 Nature, scope and key concepts in corporate strategic
planning of oil and gas sector
• Corporate strategy is the plan of the company that defines ways, method and in order to achieve
corporate goals within strategic management.
• There are mainly four types of corporate strategy such as: market penetration, diversification,
vertical integration and horizontal integration.
• The oil and Gas sector play a vital role in social development and economy.
• The strategic decisions of Victoria gas and oil company are highly unstructured, and long term.
• Managers in this type of industry talk of midstream, upstream and downstream activities.

To be continued
Nature and scope of Victoria oil company
• Victoria oil and Gas Plc conduct its business in accordance with the best practice standards that
govern human rights.
• The main aim and goals of this company is to respect various or different cultures and the rights of
the people of local communities.
• The another main aim of this company is maintaining and promoting integrity, honesty and high
ethical standards.
• It wants to make a positive and large amount of contribution to local communities.
• In order to compliance with corporate social responsibility, company should ensure that all the
members of staff are aware of the company's commitment towards social responsibility. They also
communicate the company's activities with the community.