(Solution) Strategic Management- PDF

Added on - 30 Oct 2019

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Running Head: Strategy1Strategic Management of MB Petroleum services
Strategy2ContentsIntroduction......................................................................................................................................3Mission statement........................................................................................................................3Vision statement...........................................................................................................................3Strategic Challenges and issues.......................................................................................................4Reserve replacement....................................................................................................................4Strong competition in industry.....................................................................................................4Lack of fund.................................................................................................................................5Commoditizing technology..........................................................................................................5Logistics and supply chain challenges.........................................................................................6Strategic solution.............................................................................................................................6Market analysis............................................................................................................................7Brand recognition.........................................................................................................................7External analysis..............................................................................................................................8Macro environment analysis........................................................................................................8Micro Environmental analysis.....................................................................................................9Strengths...................................................................................................................................9Weakness..................................................................................................................................9Opportunities............................................................................................................................9Threats......................................................................................................................................9Internal analysis.............................................................................................................................10Competitive advantage...............................................................................................................10Value chain................................................................................................................................10Primary activities....................................................................................................................10Secondary activities................................................................................................................11Porter generic strategies.............................................................................................................11Cost leadership.......................................................................................................................11Product differentiation............................................................................................................12Focus strategy.........................................................................................................................12Diversification............................................................................................................................12
Strategy3Strategic choice..............................................................................................................................13Conclusion.....................................................................................................................................13References......................................................................................................................................14Appendix........................................................................................................................................16PESTLE analysis...........................................................................................................................16Political factor............................................................................................................................16Economical Factor.....................................................................................................................17Social factor...............................................................................................................................17Technological Factor..................................................................................................................17Environmental factor..................................................................................................................17Legal factor................................................................................................................................17
Strategy4IntroductionThe key objective of this study is to provide the strategic solution for a strategic issuefacing by an organization. The analysis is done based on the strategic challenge or issue facingby a petroleum service company named MB Petroleum services. In order to solve the strategicissues, the report provides new strategic directions to stay viable, competitive and profitable infuture. For the analysis and discussion, famous petroleum company MB Petroleum service isselected. MB Petroleum service is the multinational corporation which provide cost-effectivequality drilling and integrated services in all over the world (Analoui & Karami, 2009). Alongwith the assurance of quality and reliability, the company is providing values to its stakeholders.MB Petroleum service is the subsidiary of MB Holding company which is the most successfuland largest oilfield service provider company in all over Middle East region. The companystarted its operations in 1982 and within few years, MB Petroleum started to grow and becamethe largest oilfield service company in the Middle East. In current time, the company is operatingin 15 countries including Oman, Germany, Australia, New Zealand, India, Hungary, China,Qatar, Russia and Saudi Arabia (MB Petroleum Services LLC, 2011).Mission statementMission statement of MB Petroleum service is to provide best value services along withsafer and smarter process to its clients in mutually respectful commercial framework.Vision statementFor MB Petroleum service, vision statements of the company are as follows:For the employees of MB Petroleum service, company is aim to work with the safety andsecurity,For the suppliers, company wants to provide efficient, safe, profitable and innovativeservices to target the regional markets,Company wants to be preferred as a well service company for the working in the regionalmarket.
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