Give your opinion as to whether your chosen company's industry is maturing or declining, based on its evolution history. Justify your answer.
British Petroleum has been able to grow and mature based on the vision and in the site of its leadership in the late 1990's. The leadership envisioned its horizon from the terrain under water to the arid locations by making several acquisitions and invested in the technology arenas. The organization also expanded from the off-shore rigs to its retail operations as part of its diversification process. The company understands that it can provide energy products to its consumers in both the residential living locations and workspace. The company realizes that it can service customers with fuel for one's …show more content…
The industry is changing at a pace not seen in decades. All forms of energy – fossil fuels and renewables – are becoming more abundant and less costly. Through new technologies, power will be produced more efficiently and in new ways, helping to meet the expected rise in demand. And the world is working towards a lower carbon future(www.bp.com).
Use Porter's National Diamond to evaluate the relative main advantages and disadvantages of vertical integration versus outsourcing for the company. Support your response.
The Porter National Diamond gathers the concept of clusters of identical product groups in which there are considerable competitive advantages such as maintaining a healthy company culture, excellent communication skills both internally and externally, strong skilled labor force, a robust technological group with a keen knowledge base, establishing support from the government which can be somewhat risky in some countries when expanding in the global …show more content…
Use the Boston Consulting Group's growth-share matrix to evaluate the company's strategic position as of 2013. Note: Refer to Figure 14.2 "The BCG Growth-share Matrix", located on page 369, chapter 14 of the textbook.
The Boston Consultant Group's growth-share matrix is a concept very much alive. Its purpose is to categorize the products and services of the industry looking at the growth rate and the market shares. The company continues to review its portfolio of product and services, R&D investments, and business units. The company optimizes the positive cash flow and market shares. The concept ensures that the long-term profit margin retains its value. "The Harvard Business Review recently named it one of the frameworks that changed the world. The matrix is central to business school teaching the strategy" ( www.bcg. org.). The matrix is illustrated
British Petroleum has been able to grow and mature based on the vision and in the site of its leadership in the late 1990's. The leadership envisioned its horizon from the terrain under water to the arid locations by making several acquisitions and invested in the technology arenas. The organization also expanded from the off-shore rigs to its retail operations as part of its diversification process. The company understands that it can provide energy products to its consumers in both the residential living locations and workspace. The company realizes that it can service customers with fuel for one's …show more content…
The industry is changing at a pace not seen in decades. All forms of energy – fossil fuels and renewables – are becoming more abundant and less costly. Through new technologies, power will be produced more efficiently and in new ways, helping to meet the expected rise in demand. And the world is working towards a lower carbon future(www.bp.com).
Use Porter's National Diamond to evaluate the relative main advantages and disadvantages of vertical integration versus outsourcing for the company. Support your response.
The Porter National Diamond gathers the concept of clusters of identical product groups in which there are considerable competitive advantages such as maintaining a healthy company culture, excellent communication skills both internally and externally, strong skilled labor force, a robust technological group with a keen knowledge base, establishing support from the government which can be somewhat risky in some countries when expanding in the global …show more content…
Use the Boston Consulting Group's growth-share matrix to evaluate the company's strategic position as of 2013. Note: Refer to Figure 14.2 "The BCG Growth-share Matrix", located on page 369, chapter 14 of the textbook.
The Boston Consultant Group's growth-share matrix is a concept very much alive. Its purpose is to categorize the products and services of the industry looking at the growth rate and the market shares. The company continues to review its portfolio of product and services, R&D investments, and business units. The company optimizes the positive cash flow and market shares. The concept ensures that the long-term profit margin retains its value. "The Harvard Business Review recently named it one of the frameworks that changed the world. The matrix is central to business school teaching the strategy" ( www.bcg. org.). The matrix is illustrated