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Although the organization is well capitalized and enjoys a global presence, its reputation has constantly been at stake following several fines related to environmental pollution and inadequate maintenance of equipment and facilities. The company has also been accused of ranking poorly in terms of upholding human rights according to some quarters. In view of the company’s business environment, it may well be concluded that the company has a bright future although it needs to make certain adjustments to continue achieving astronomical growth. The research and findings of this report are based on information drawn from a range of reputable secondary sources including the company’s website.
BP Oil Limited, formerly known as British Petroleum Incorporates, is a private limited company whose country of origin is the United Kingdom (British Petroleum, n.d). Incorporation on 20th December, 1947, the company has been in existence for close to 63 years and has achieved significant growth economically and in terms of global presence. With its headquarters located in St James’s, London, BP Oil Ltd ranks among the largest privately owned energy corporations globally.
In fact, the company is among the six “supermajors” as it deals in natural gas, oil exploration, and marketing of petroleum products. The multinational organization is currently listed on the London Stock Exchange and features among the 100 most highly capitalized companies in the United Kingdom (FTSE 100) (British Petroleum, n.d). Its capitalization was approximated at 119,039 million Euros as of October, 2009.
As a result of the merger between BP Plc and Amaco in 1998, the company has continued to sell Amoco brands in the United States to-date. This is primarily due to the fact that Amoco gasoline brands have been rated by consumers as among the best in the market for close to 16
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The economic indicators contribute in analyzing the performance of an economy and in forecasting the future performance. The major macroeconomic indicators include GDP, inflation and rate of unemployment. The assignment will discuss about the measurements of the key macroeconomic indicators as well as the importance of each indicator.
A business environment is therefore the internal and external factors that affect organizational operations and it is important in many ways. In conducting business, organizations have engaged in business markets especially in the contemporary society where businesses market their products to other businesses.
The Concept of Emerging Economies 10 a)ii. Advantages and Disadvantages of Emerging Economies in Comparison to Command Economies 11 b)i. Current Economic Climate of the UK through the Implication of Business Cycle Model as an Analysis Framework 13 b) ii. Steps to be Considered by the UK Government 18 c)Balancing Policy Requirements in the UK 18 Task 3 19 a)Advantages Gained by McDonald’s due to the Barriers to New Entrants in the UK Fast Food Industry 19 b)i.
Lately, the extended crisis within international credit markets beginning in the United States sub-prime mortgage market during the year 2007 has affected the formerly buoyant UK housing market. Figure 1: Annual increase in house prices (1998-2007) in UK versus other countries (Andrews?
International firms find themselves catering to more stakeholders and operating in diverse economic systems and market structures. This essay discusses the factors that affect the decisions of firms in the international business environment and how they respond to these factors.
It involves using government tax collected and its expenditure to influence the economy. Monetary policies on the other hand refer to the way the monetary bodies of a country control money supply in the economy, usually based on the interest rate levels in the economy.
Therefore, these elements form system within the overall systems, and for maximum efficiency, each system within the overall organizational structure has to function at its best, for the organization to achieve its mission and objectives. Consequently, a business environment involves the integration of various internal and external elements that enable the daily functioning of the organization (McNamara 1999).
According to the report the macro and the micro factors are those that deal with the external and the internal factors of the firm. The main constraints of the business environment are the government policies, principles, national rights and the constitutional laws. The business environment is a dynamic and a dominant influence.
ogram will lower the living standards of British families by more than 10 per cent in the coming three years as household incomes reduce due to the tax rises and welfare cuts (Elliot, 2011). The net effect is that the UK economy will experience increased shortage of demand
Political factors have an influence on the freedom of the media across the UK and at the same time the factors create uncertainty in the business environment between UK and non-EU members. Increased disputes on global copyright,
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