Business Strategy Report: Saudi Aramco, MBA Program

This report provides an in-depth analysis of Saudi Aramco's business strategy, focusing on its CSR initiatives and strategic approaches. The report begins with an overview of Saudi Aramco, the world's largest oil company, and highlights its commitment to CSR. It then examines the company's strategic position, including its ESG issues and the shift towards employee-based approaches. The report also analyzes strategic changes within the organization, such as the Acceleration Transformational Program. The report provides a comprehensive understanding of Saudi Aramco's business strategy and its adaptation to modern business practices. The report includes references to relevant academic literature to support its analysis.

MBA- BUSINESS STRATEGY REPORT
Name of the student
Name of the university

STRATEGY AND SUSTAINABILITY
Company Overview
The Saudi Aramco Company is officially
known as the Saudi Arabian Oil Company and
is an Oil and natural gas supplying Company
based in Dhahran in the oil rich nation.
The company is the largest oil company of
the world.

CSR INITIATIVES
The mentioned oil company has a dedicated
CSR initiative that helps them to serve the
society in a better way.
The company being a global leader in oil is
committed towards providing the best CSR
initiative for the organization.
Since the establishment of Aramco Asia’s
priority list the management of the company
constantly pushes itself to be among the
leaders in CSR activities.

SUMMARY
The company has been consistent towards its
development over the years and has never lacked the
quality or intent to achieve growth.
The consistency of the organization has helped to be
the largest oil producing company of the world. The
company has provided utmost value to the employees.
The five major corporate values of the organization
are excellence, safety, integrity, accountability and
citizenship. All these different values help the
organization to ensure the value of the employees and
ensure the utmost productivity for the organization.

EVALUATION OF STRATEGIC
APPROACHES
The ESG issues of the companies are well
addressed by the management as because
avoidance of such issues can lead to
destruction.
The absence of a proper working condition
for the employees of the organization along
with the absence of a friendly workplace can
create havoc as it will invite the press and
will lead to a fall in the market shares of the
company

SHIFT IN THE PARADIGM
The management of the oil and gas industry
traditionally used to maximize the
profitability of the firm on a short term basis
in order to generate the cash flow and equity
to speed up the long term sustainability in the
market.
The change in the environmental
performance along with the stress on ESG
values is the key to the success of the
business. Therefore the approach of the
Aramco management is now more employees
based than the traditional financial based

STRATEGIC POSITION STATEMENT ANALYSIS
Most of the organizations in the modern days have a
system in place for each and everything.
This varies from the acquisition of customers to the
management of the customer relationships by providing
quality services and products to the customers of the
organization.
Saudi Aramco is the national oil company of Saudi Arabia
and owns the largest reserves of oil in the world.
The company has been able to maintain the leading
position among the petroleum producing countries and the
petroleum producing companies of the world. The company
is accepted as one of the most powerful and influential
among all the other oil producing companies of the world.

STRATEGIC CHANGES WITHIN THE ORGANIZATION
The mentioned oil company has reportedly adapted
the Acceleration Transformational Program which is
used to implement change within the organization
. This particular program involves the different
functions of the management which involves
planning, organizing and leading.
The planning involves the identification of the
different goals and objectives of the organization.
Organizing is one of the most key aspects of the
organization as because it involves the workforce of
the company and the way in which the work is done
within the organization.

REFERENCES
 Bae, J.Y. and Heo, E., 2018. Armed conflicts in the Middle East and international oil company
returns. Energy Sources, Part B: Economics, Planning, and Policy, 13(1), pp.21-27.
 Banerjee, S.B., 2017. Corporate environmentalism and the greening of strategic marketing: Implications for
marketing theory and practice. In Greener Marketing (pp. 16-40). Routledge.
 Benn, S., Edwards, M. and Williams, T., 2014. Organizational change for corporate sustainability.
Routledge.
 Bridge, G. and Le Billon, P., 2017. Oil. John Wiley & Sons.
 Eccles, R.G., Ioannou, I. and Serafeim, G., 2014. The impact of corporate sustainability on organizational
processes and performance. Management Science, 60(11), pp.2835-2857.
 Fakhimi, A., Majrouhi Sardrood, J., Mazroi, A., Ghoreishi, S.R. and Azhar, S., 2017. Influences of building
information modeling (BIM) on oil, gas, and petrochemical firms. Science and Technology for the Built
Environment, 23(6), pp.1063-1077.
 Kourdi, J., 2015. Business strategy: a guide to effective decision-making. The Economist.
 Meckling, J., 2015. Oppose, support, or hedge? Distributional effects, regulatory pressure, and business
strategy in environmental politics. Global Environmental Politics, 15(2), pp.19-37.
 Porter, M.E. and Kramer, M.R., 2019. Creating shared value. In Managing Sustainable Business (pp. 327-
350). Springer, Dordrecht.
 Post, C., Rahman, N. and McQuillen, C., 2015. From board composition to corporate environmental
performance through sustainability-themed alliances. Journal of Business Ethics, 130(2), pp.423-435.