Fundamentals of Management: British Petroleum Case Study

Fundamentals of
Management

Table of Contents
1 INTRODUCTION........................................................................................................................................3
2 THE COMPANY..........................................................................................................................................3
2.1 PROFILE..............................................................................................................................................3
2.2 MANAGEMENT APPROACH...............................................................................................................6
3 THE BUSINESS CHALLENGE.......................................................................................................................7
3.1 DESCRIPTION OF THE CHALLENGE.....................................................................................................7
3.2 IMPACT OF CHALLENGE ON COMPANY.............................................................................................7
4 RECOMMENDATIONS...............................................................................................................................8
5 CONCLUSIONS..........................................................................................................................................9
REFERENCES..............................................................................................................................................10

1 INTRODUCTION
The present report is based under topic fundamentals of management. The chosen firm of the
report is British petroleum which is known as the 4th largest producer of oil. The report will
discuss about the company in which it will include profile, size, features and analyzes invest
there are different models included. Further it will also discuss about the management challenges
better based upon Competency value framework. It will also evaluate about the business
challenges in which description an impact of challenges on the company was given. Lastly it is
also recommended about how to meet and solve all the challenges that are faced by the British
petroleum.
2 THE COMPANY
2.1 PROFILE
The British petroleum is known as the world court largest oil and natural gas producer that has
around 65,000 employees working with them in their company (Калюжний, Шапенко and
Козачок, 2018). The size of the company is very big that they have registered their 40% of
assets in United States and 80% office business outside the UK. In the year total finance in the
2015 on the basis of total revenue was dollar forty 3235 million and profit after taxation was
dollar 6485 million. The company take investment from there government as in 2011 the Indian
government have approved dollars 7.2 billion oil and gas investment rich gave BP a 30% stake in
large natural gas field of India East Coast. The company takes finances from banks and other
sources. Along with all this the company also expects that world demand for their energy will
continue growing up possible by 40% over 2010 which will be leveled by 2030. The company
has also measured their barrels of equivalent per day which was in Europe, United States, Russia
and rest of the world that also included Iraq. The largest presence of the company was in United
States in both extracts and sale large quantities of oil. They also take finances from there is
stakeholders and government which will result in meeting the cost of compensation.
SWOT
STRENGTH OPPORTUNITY