Strategic Scenario Plan for BHP Group Ltd

Strategic Scenario Plan

Contents
PART 1 INTRODUCTION...............................................................................................................................3
PART 2.........................................................................................................................................................4
FUTURE FORECASTING METHODS...............................................................................................................4
What forecasting methods are being used to provide projections and estimates for future
performance?..........................................................................................................................................4
What listening processes are being followed (if any)..............................................................................5
Conduct and calculate some financial projections for the organisation..................................................5
PART 3 Strategic Developments..................................................................................................................6
Strategic vision........................................................................................................................................6
SWOT analysis.........................................................................................................................................7
Generic or top line strategy.....................................................................................................................8
Competitive strategy...............................................................................................................................9
Vertical integration and diversification strategies...................................................................................9
PART 4 CONCLUSION...................................................................................................................................9
REFERENCES..............................................................................................................................................11

PART 1 INTRODUCTION
Scenario planning is concerned with the tomorrow. It's a way through which businesses may
get a sense of probable future situations and how they can influence their stated objectives.
Whenever issues or adjustments arise, a company may use these situations to make wise choices.
Scenario planning, in the framework of a corporation, is a technique to establish control over an
environment where change by assessing potential expectations and defining how the firm will
react. This report based on the BHP Group Ltd is a worldwide mining and resources corporation.
The corporation is a manufacturer of iron and plutonium, as well as a copper furnace, copper
refineries, and rare metals. Petrol, Copper, Iron Ore, and Coal are the company's segments. The
Petroleum section is responsible for oil and gas exploration, development, and manufacturing.
Copper, silver, zinc, molybdenum, radon, and gold are all mined by the Copper sector. Iron ore
mining is the focus of the Iron Ore sector. Extraction of industrial and electrical coal is done by
the Coal sector. Mineral, oil, and gas are extracted and processed by the business from its
manufacturing operations, which are largely situated in Australia and the Ame.
BHP Billiton, the Anglo-Australian mining conglomerate, has laid forth a 5 growth
strategy. Andrew Mackenzie, the company's CEO, has defined a lead to effective on value
development and increasing cash value to investors. Mackenzie claimed BHP Billiton can
benefits of the project in all economic situations while addressing at the Bank of America Merrill
Lynch Symposium. “While we remain optimistic about metals' lengthy prospects, we are not
awaiting for pricing to rebound. “Correct now, we have whatever we need in our portfolio to
dramatically raise the Stock profits,” he added.
“We will continue to increase efficiency, with a further US$3.6 billion in benefits
projected by the end of july third budget year,” Mackenzie said. Our big firms' unit expenses are
anticipated to drop to about half of what they were 5 years earlier. We're keeping the positive
momentum, and there's more to follow. We'll also put money into projects that will allow us to
tap into our assets' hidden potential. At total investment expenditure with less than US$1.5
billion, they may provide nearly 1 million tons of gold standardized data. This represents and
over ten percent of BHP Billiton's initial output. As prices rebound, we will also improve the
amount of our elevated shale resources in a systematic way.