HR - Research Paper Example

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The company’s other operations include condensation refining, and production of granulated sulphur. It is one of the largest oil production companies in the world with a capacity of…
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Download file to see previous pages The company’s vision is to become one of the leading diversified oil companies in the world, characterized by a highly motivated workforce, as well as, safe operations. The company’s mission is to enhance profitability and safety in mining and supplying of hydrocarbon fuels and feedstock. The company as well focuses on contributing to development of the nation.
One of the company’s key goals is fulfilling the country aspired standards for quality assurance, as well as, environmental protection. Because of global warming, there are set standards both locally and internationally, for environmental conservation. Because of the level of environmental degradation associated with mining companies, the company faces extremely high standards. Additionally, because of sensitivity of oil products, the products’ set standards are as well high. The company as well is committed to implementing a couple of national policies meant to increase employment opportunities for the citizens.
One of the key external factors that affect the company is the political factor. Over the last a couple of decades, there have been a series of political unrest in a couple of Middle East countries. This has been a threat to the stability of the company’s profitability. One of the key reasons behind this is the fact that the company serves a couple of countries in the Middle East.
Another key factor is the economic factor. The global economic cycles affect the company’s profitability as well. For example, during the 2008 global financial crisis, the company registered a decline in profitability. On the other hand, when the global economy is doing well, the company registers increased profitability.
Technological factor as well affect the company. For example, the company has taken advantage of the ever-changing technology to automate most of its oil production operations. This has enhanced efficiency in ...Download file to see next pagesRead More
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